Schapiro defends SEC's record of settling fraud cases

02/23/2012 | New York Times (tiered subscription model), The

Mary Schapiro, chairwoman of the Securities and Exchange Commission, said the agency's practices of settling fraud cases "clearing have deterrent value" despite repeated charges against firms for similar violations of securities laws. Schapiro said the "people have short memories," making repeat offenders an ongoing problem.

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New York Times (tiered subscription model), The

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