SEC To Focus On Subprime Issues In 2008

Law360, New York (February 19, 2008, 12:00 AM EST) -- Multibillion-dollar write-downs and the threat of a wave of subprime mortgage defaults have everyone's attention focused on Wall Street — and the U.S. Securities and Exchange Commission is no exception.

The SEC's agenda for 2008 will be dominated by the subprime mortgage crisis, according to Chairman Christopher Cox.

Speaking earlier this month at the Practicing Law Institute's “SEC Speaks in 2008 Program,” Cox said the SEC would continue its inquiry into the practices of the investment banks hit by the credit crunch.

“The subprime crisis and...
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