US Chamber Suggests Changes To SEC Structure

Law360, New York (February 11, 2009, 12:00 AM EST) -- The creation of a chief operating officer and coordinating council were among the recommendations the U.S. Chamber of Commerce put forth Wednesday to address weaknesses at the U.S. Securities and Exchange Commission.

The chamber's Center for Capital Markets Competitiveness released 23 recommendations to improve the efficiency and effectiveness of the nation's securities watchdog, which has come under fire recently for its failure to catch Bernard L. Madoff's alleged $50 billion Ponzi scheme.

“A critical component to restoring our nation's economic stability and the health of our...
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