Related: Barry Wilson Disbarred
That's AmeriKan justice!
"Boston lawyer taking leadership role at SEC" by Beth Healy | Globe Staff, May 25, 2013
The division Keith Higgins, the dean of Boston lawyers in the IPO and securities arena, will lead at the nation’s top securities regulator oversees 10,000 publicly traded US companies. It reviews millions of public filings — such as the Facebook Inc. IPO documents that prompted the SEC to ask how the social networking company was going to make money on mobile users. The SEC pressed Facebook for greater disclosure to investors of risks on the horizon.
Related:
Facebooking the Next Bubble
The Facebook Frauds
Facebook Gaining It$ Footing
That's what I saw anyway -- just in time (what do you mean teenagers don't like it?) to pay the fine.
Also see: 'Quit Google, Facebook' suggests tech expert as surveillance scandal deepens
Turns out it is nothing but an intelligence collection platform. You are literally handing your information over to the government. Glad I never faced or tweeted. But I still Google. I like to mispell my surch tirms, or type in things like "Israel did 9/11" or "FBI false flags," things like that.
"Facebook Inc. lost more than a dozen advertisers, some just temporarily, after a campaign drew attention to pages on the social network that promoted violence against women."
They took 'em down.
In his new post, Higgins also will advise SEC commissioners on rulemaking regarding public companies and disclosure issues. He will implement elements of the Dodd-Frank financial overhaul, as well as the JOBS Act, or the “Jumpstart our Business Startups’’ bill, aimed at helping emerging companies get access to funding.
When is that Dodd-Frank list of suggestions finally going to be implemented? Been years!
Higgins, a political independent, will have to learn to function in a bureaucracy and grow accustomed to working for a boss. Mary Jo White, a former federal prosecutor appointed SEC chief by President Obama in January, was approved by the Senate last month....
Related: Obama Whitewashes the SEC
Not that Higgins has never met a rogue. He advised Kendall Healthcare Products in its 1994 sale to Tyco International, when the conglomerate was expanding aggressively. Tyco’s former chief executive, Dennis Kozlowski, is in prison after being convicted of looting more $600 million from the company.
That seems penny ante when you consider that Wall Street banks looted trillions.
Higgins saw the highs and lows of the Internet bubble, having worked on the successful IPO for Akamai Technologies Inc., a Cambridge Internet bandwidth supplier, as well as Genuity Inc., a Woburn fiber optics company whose $1.9 billion IPO fell flat in 2000. Genuity was bankrupt by 2002.
From Higgins’s perspective, even that experience was not all bad....
Wasn't his money.
--more--"
Related:
"China has agreed to give US regulators access to audit records for Chinese companies whose shares trade on US stock exchanges, a step forward in a long-running dispute."
Now if we could only get the Federal Reserve to let us see their books!
