Charles Gasparino’s “Soft on Wall Street” (PostOpinion, Sept. 10) erroneously states that “not a single Wall Street fat cat has been charged with violations of securities laws in connection with” the financial crisis.
In fact, the SEC has charged more than 50 CEOs, CFOs and other senior executives in connection with the financial crisis, including former Countrywide CEO Angelo Mozilo and the former CEOs and top executives of Fannie Mae and Freddie Mac.
The SEC has brought actions against more than 100 individuals and corporations for misconduct related to the financial crisis, resulting in 34 individuals being kicked out of the securities industry or barred from serving as officers or directors at public companies.
More than $2 billion from these actions has been obtained for the benefit of harmed investors. Additionally, we brought more overall enforcement actions last year than at any time in the agency’s history.
We’ll match these facts against opinions any day of the week.
Robert Khuzami
Director, SEC
Division of Enforcement
Washington, DC