Jack Reed actually said...

The Securities and Exchange Commission's handling of the Madoff case is shocking, and reveals fundamental problems with the agency's operati...

The proposal I have made is not to change that liability standard but to change explicitly the pleading standard.

the Treasury proposal would require firms to register, subject them to high compliance costs, put at risk some firms' intellectual property,...

One of the aspects of the legislation I proposed is to at least adjust the pleading standards and effectively, a private right of action wou...