Policymakers Would Be "Wise To Let This Pecora Part 2 Get On With Its Mission"

Policymakers Would Be "Wise To Let This Pecora Part 2 Get On With Its Mission"
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It's too early for a Securities and Exchange Commission Preservation Society. Yet that seems top of the agenda for the Investors' Working Group, an independent task force representing investors' interests. The body, with the co-chairmen William Donaldson and Arthur Levitt, two former S.E.C. chairmen, exhorted lawmakers Wednesday to channel more resources, powers and authority to existing regulators, in particular -- surprise! -- the S.E.C.