Loopholes

  • gaps
  • Now as usual, things that are prohibited can nonetheless be done if you do them right.
    • The way to do it is either comply with an exemptive rule or get an exemptive order. 

--  W. Randolph Thompson, with the law firm of Jones & Blouchin Washington, will speak on some SEC issues

1993 - SOA - Variable Products -- Product for the 1990s?, Society of Actuaries - 22p

  • One important lesson of the recent crisis is that as financial products and services proliferate and become more complex, they often fall through the regulatory cracks. (p16)

--  Testimony of Ann Yerger, Executive Director - Council of Institutional Investors - 106p

2009 0729 - GOV (Senate) - Protecting Shareholders and Enhancing Public Confidence by Improving Corporate Governance, (CSPAN) Improving Corporate Governance, Jack Reed (D-RI) - [PDF-252p, VIDEO-CSPAN]