"Washington, D.C., Jan. 13, 2010— The Securities and Exchange Commission today announced a series of measures to further strengthen its enforcement program by encouraging greater cooperation from individuals and companies in the agency's investigations and enforcement actions.
The new initiative establishes incentives for individuals and companies to fully and truthfully cooperate and assist with SEC investigations and enforcement actions, and provides new tools to help investigators develop first-hand evidence to build the strongest possible cases. The cooperation initiative is expected to result in invaluable and early assistance in identifying the scope, participants, victims and ill-gotten gains associated with fraudulent schemes."
I get Stories all the Time where the SEC has known of massive crimes for years and had done NOTHING, then somebody claims that there is a time limit after the SEC Ignores information for Years. I write on massive Crimes by Intel Corp., Time Warner Inc., Proskauer Rose Law Firm . And these crimes are hundreds of millions, billions of dollars and yet the SEC ignores tips, documents, and information and then claims to be cracking down and Listening.. the SEC is NOT Listening in ANY way.
The SEC protects Criminals plain and Simple.