Lynn Turner

Lynn Turner News

  • U.S. House Republicans Bash Power of Shareholder Advisers

    The two firms that dominate the shareholder advisory industry were accused by Republican lawmakers and the U.S. Chamber of Commerce of pushing activist proposals without sufficient oversight.

  • Schapiro SEC Seen Ineffectual Amid Dodd-Frank Funding Curbs

    On a stormy night in October 2009, Mary Schapiro , the newly appointed head of the U.S. Securities and Exchange Commission, returned to her alma mater, Franklin & Marshall College in Lancaster, Pennsylvania, to be inducted into the hall of fame for student athletes. Receiving her award, she grasped the podium, confessed she was near tears and spoke of how she had never even seen a lacrosse game before attending college.

  • The World's Most Powerful Accountant Steps Down

    James Kroeker, the Securities and Exchange Commission's chief accountant, is stepping down from his post next month, the agency said this afternoon. There's no word yet on who will succeed him.

  • SEC Approves Using Facebook, Twitter for Company Disclosures

    U.S. companies will now be able to post their earnings on Twitter or update their status on Facebook as long as investors have been told in advance where to look.

  • Top Bank Lawyer’s E-Mails Show Washington’s Inside Game

    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.

  • Pension Shell Games Threaten Market: Arthur Levitt, Lynn Turner

    The municipal bond market, once a quiet corner of Wall Street, is slowly becoming a scene of scandal and regulatory inquest. The Securities and Exchange Commission recently accused New Jersey of giving fraudulent information about its finances to municipal bond investors. The SEC is investigating officials in Miami for similar problems.

  • Americans Easy Marks With Options Inspired by Powell and Bush

    Reverend Rick Christy’s story about how he lost $11,500 trading options starts in a Michigan sports stadium with Colin Powell, Rudy Giuliani and Terry Bradshaw.

  • Obama’s SEC Pick Wary of Zealous Wall Street Prosecutions

    As Manhattan’s top federal prosecutor during the 1990s, Mary Jo White could have sought the corporate equivalent of the death penalty: indicting Prudential Securities Inc. for fraudulently marketing $8 billion in ruinous energy partnerships to small investors.

  • Don’t Cram Audits Down Investors’ Throats

    Last month, a Senate investigative panel put a spotlight on how the accounting firm Ernst & Young LLP helped Hewlett-Packard Co. use gimmicks and loopholes to avoid taxes on billions of dollars of profits stashed overseas.

  • Schapiro SEC Reign Nears End With Rescue Mission Not Done

    What Mary Schapiro considered her most important task had just run aground, a symbol of the aspirations and missed opportunities of her tenure as head of the U.S. Securities and Exchange Commission.

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