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February 10, 2009

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Independent Accountant

My experience with the SEC is that it is corrupt. Staffers there look for other jobs so are always "resume polishing" in deciding which entities to enforce the rules against. I do not expect that Schapiro will be better than Cox. Seeing who Schapiro selected for Enforcement Director and Chief Counsel, it seems nothing has changed.
Cox was the worst SEC chairman I ever saw. He was worse than Pitt!

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