David Becker News
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Robert W. Cook, former director of the division of trading and markets of the U.S. Securities and Exchange Commission, will return to Cleary Gottlieb Steen & Hamilton LLP as a partner. He will be based in the firm’s Washington office and will focus on securities, derivatives, and market regulation, the firm said.
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Arizona lawmakers may make it a felony for community groups or political committees to gather and submit mail ballots before elections, a strategy used by Latino activists and others to boost voter participation.
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It had been two days since U.S. lawmakers negotiated all night to finish rules that would reshape the business of Wall Street. The 20-hour session left legislators, aides, lobbyists and regulators exhausted. Almost no one had a grip on all the details.
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The former top lawyer of the U.S. Securities and Exchange Commission should be investigated by federal prosecutors for improperly working on policy related to Bernard Madoff’s fraud when he had a financial interest in the outcome, the SEC’s internal watchdog said.
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The sales pitch for President Barack Obama’s nominee to run the Securities and Exchange Commission goes something like this:
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Former U.S. Securities and Exchange Commission general counsel David Becker said he didn’t violate the law when he worked on policy about the Bernard Madoff case after inheriting money from the Ponzi scheme.
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Federal prosecutors have told former U.S. Securities and Exchange Commission General Counsel David Becker that they won’t open an investigation into whether he violated ethics laws, his attorney said.
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Lawmakers grilled U.S. Securities and Exchange Commission Chairman Mary Schapiro over what they called a breakdown in ethics that allowed the agency’s former top lawyer to work on policy related to the Bernard Madoff fraud after he inherited money from the Ponzi scheme.
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David Becker , who quit as Securities and Exchange Commission general counsel before he was sued over inherited profits from Bernard Madoff ’s fraud, has rejoined the law firm where he worked before taking the SEC post.
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David Becker, the former U.S. Securities and Exchange Commission general counsel accused of violating conflict of interest laws, said he had “no financial interest” in the agency’s position on how Bernard Madoff’s fraud victims should be compensated.
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