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SEC Caught in a Lie: The SEC Needs to Disclose its Secret Collusion with Wall Street

Dennis Kelleher, President and CEO of Better Markets, an independent nonprofit organization that promotes the public interest in the financial markets, made the following statement about the Securities and Exchange Commission’s collusion with Wall Street over settlements related to Collateralized Debt Obligations (CDOs):

“Reporting by The American Lawyer shows what Better Markets has been saying for years: the Securities and Exchange Commission isn’t just derelict in its duty to enforce the law on Wall Street, but it’s intentionally lying about it as well.