John Griffin, a distinguished professor of finance at the University of Texas, talks about forensic finance, and how for the past decade he has dedicated his research pursuits to finding fraud. His most recent paper alleges that 1.8 million loans issued as part of the government’s COVID-19 relief program for small business, totaling $76 billion, […]
J. Robert (“Jay”) Brown, legal scholar and recently departed member of the Public Accounting Oversight Board, explains how this young regulator, created following the Enron accounting scandal, oversees audit firms. It’s still a teenager, and as Jay describes, there remains some work to do, to fulfill its mission.
Ira Hammerman, general counsel of the trade association SIFMA, joins our episode to discuss how regulation is shaping massive changes in the brokerage industry. He addresses controversial topics like payment for order flow, gamification of trading, and the role of investor choice and advice giving under new regulation Best Interest.
Crypto assets are becoming mainstream. Tens of millions of Americans own them. SEC Commissioner Hester Peirce, affectionately known as crypto mom for her pioneering thoughts on how digital assets should be treated by regulators, joins this episode to discuss their meteoric rise, potential future treatment by the SEC, and other views in this now $2 […]
Bernie Madoff perpetrated the largest investment fraud in U.S. history. The SEC never knew, and its revelation shook the agency to its core. Former Enforcement attorney Stephen L. Cohen was put in charge of building the system to keep it from happening again. He joins this episode to reflect on the events that led from […]
Former SEC Director of Enforcement, Stephanie Avakian, explains how legal actions are brought against those alleged to have engaged in market misconduct, the role of politically appointed Commissioners in deciding the actions, and how the process is changing with the new administration.
One of the most influential academic researchers on analyses that inform financial market policy is University of Chicago professor Christian Leuz. His peer-reviewed publications have informed 19 different policy actions spanning both democratic and republican administrations. In this episode, he explains what government regulators and academics need to do, to be even better, at implementing […]
Listen to MIT Professor SP Kothari talk about leading the economic division at the SEC during the Trump administration. He shares views on regulating markets during a pandemic, criticism received, and a host of issues from taxes and inflation to share repurchases and accounting for social equity in cost benefit analyses.
BlockRock co-founder, Barbara Novick, talks about the firm’s journey to a $9 trillion AUM, experiences from the global financial crisis, and how she started the global policy group and became a leading voice on financial market reform.
Eric Pan, CEO of the Investment Company Institute, discusses how the trade association develops views on behalf of its members and the 100 million investors that they serve, including on one of the most pressing issues of the new administration — Environmental, Social, and Governance disclosures by regulated entities. Also hear his views on proxy […]