‘It's fair to say that there is going to be a shake-up of epic proportions within the SEC.'
By Anthony J. LoPinto|December 16, 2008 at 11:52 AM
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DC Job Opportunities
I would be remiss in not commenting on last week’s astounding news about Bernard Madoff’s alleged Ponzi scheme that bilked billions from the rich and famous, as well as institutions and charities around the world. What Madoff reportedly managed to pull off over decades defies logic, yet he managed to do it, even under the SEC’s nose. According to the articles that came out over the past few days, the SEC was alerted by whistle-blowers on a number of occasions, but failed time and again to uncover the scheme. This is a debacle for the SEC, and it is on top of the near collapse of our financial system that the agency, among others, was entrusted to regulate. It’s fair to say that there is going to be a shake-up of epic proportions within the SEC and a fresh round of regulations that will broaden its powers and balloon its staff. This is just another looming example federal-government expansion. The good news is that there will be plenty of job opportunities to help the bureaucrats spend, manage and regulate the bailout.
Tony LoPinto is CEO of Equinox Partners, an executive search firm specializing in the real estate industry, and parent company of SelectLeaders. The views expressed in this article are the author’s own.
JONES LANG LASALLESenior Property Manager(OTTAWA, ONTARIO) The senior property manager will manage, coordinate, and exercise functional responsibility for property management services within assigned facilities and geography. He or she will also manage the performance and outcomes of assigned staff reporting to the position.
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