lol
Latest Silly SEC Investigation: Bob Steel, Wachovia; Henry Blodget|January 24, 2009
In some cases, this sort of investigation is worthwhile: When a CEO or other senior officer made material, detailed public statements that were clearly inaccurate when there is evidence that he or she knew differently.
In other cases, however, this sort of investigation is ridiculous: When CEOs make vague optimistic noises that subsequently prove to have been misplaced.
Based on the details that have been leaked so far, the SEC's investigation of Bob Steel is the latter sort:
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"silly investigation" --- remember Blodget? lol
OK; I give up. I am assuming the disposition of that investigation is only to be found in the fine print of pdf SEC files or in a FOIA request.
Yeah, right ... filed along with those American Express Bank and Wachovia money laundering (expired) criminal investigations. : o /