March 2, 2013
Occupy Wall Street Today
Occupy the SEC works to ensure that financial regulators act in the public interest as opposed to Wall Street.
One recent incarnation of their efforts can be seen in their involvement in a fight to prevent runs on money market accounts, as reported in Reuters.
They have also been one of few voices to speak up against the appointment of Mary Jo White, a former Wall Street lawyer, to run the SEC. Not only has White worked for nearly every bank in the past 10 years, but her husband is still working for them. Read Occupy the SEC's letter to the Senate Banking Committee asking serious questions about her nomination, and Matt Taibbi’s scathing indictment, alleging that White used her government connections to get a regulator fired when he dared to investigate her client, Morgan Stanley.
Just today, Occupy the SEC has have filed a lawsuit in the Eastern District of New York against six federal agencies, over those agencies' delay in promulgating a Final Rulemaking in connection with the "Volcker Rule."
We’re glad to see that Occupy the SEC’s decades of collective experience working at many of the largest financial firms in the industry is going to such good use!
-- from the ‘Your Inbox: Occupied’ team