Eliot Spitzer
Eliot Spitzer
Eliot Laurence Spitzeris an American politician who served as the 54th Governor of New York from 2007 until his resignation on March 17, 2008. Following his eight year term as Attorney General of New York, Spitzer was elected governor in 2006, succeeding three-term incumbent George Pataki. Soon after taking office, Spitzer was embroiled in a prostitution scandal that culminated in his resignation. Following his resignation, he hosted a short-lived program, Viewpoint with Eliot Spitzer on Current TV...
NationalityAmerican
ProfessionPolitician
Date of Birth10 June 1959
CityNew York City, NY
CountryUnited States of America
This agreement should be a wake-up call to all those in the entertainment industry who think outrageousness is a clever marketing strategy,
They acknowledged the problem of market timing, but then allowed a favored client to engage in that harmful practice. The departure of these board members should sound an alarm for all those who serve in similar capacities.
It would be misguided and foolish to do so, ... It would undermine public confidence in the markets because states have historically played a critical role in restoring creditability to the marketplace.
The evidence in this case speaks for itself, ... Top managers knew market timing was harming buy-and-hold investors but they condoned and facilitated it because it was a lucrative source of management fee revenues.
I strongly urge all retailers to heed the warnings issued about these products, pull them from distribution immediately, and ship them back to Sony.
No one can dispute that in the insurance industry there was massive fraud,
Any doctor keeps a list of possible remedies available.
I think the investment community, consumers, the investment houses themselves are anxious to get resolution here, ... So the faster we can fill that void and get closure on this, the better.
Late-day trading is like being permitted to bet on yesterday's horse races, ... You already know who's going to win.
First, before any bids were submitted, the defendants determined which insurance company would win the business. Second, they set a 'target' for the winner to submit as its bid,
Every time we turn over a rock in the mutual fund industry these days, we are seeing vermin crawl out that are appalling: Late trading; timing by those in the executive boardroom; billions of dollars being scraped off that should be going into the pockets of investors instead ending up in the hands of the executives,
Risk is inherent in the market, ... We all understand that and we thrive on that; what we don't tolerate is fraud.
Restitution I have almost always believed is best handled through individual arbitration or litigation where individual investors, if they believe they have relied upon improper advice rendered by Merrill Lynch or anybody else, can file that claim, ... That is the best forum for those issues to be resolved.
My office, while committed to working with the Securities and Exchange Commission in our investigation of the mutual fund industry, will not be party to settlements that fail to protect the interests of investors and let the industry off with little more than a slap on the wrist,