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SEC?s Unpopularity at an All-Time High

By Michael MacPhail, Esq.

        A recent national survey of potential jurors by Dr. Kevin Boully of Persuasion Strategies emphasizes the challenges facing the SEC in rehabilitating its image in the wake of the economic collapse and the Madoff scandal.  The survey asked respondents about their opinions of six federal agencies, including the SEC and the IRS.  The SEC was the most negatively viewed federal agency of the six, with 55% of respondents expressing an unfavorable opinion, compared with 46% of respondents expressing an unfavorable opinion towards the always-hated IRS.  The percentage of potential jurors with unfavorable opinions has increased almost 20% from 2006.   The survey suggests that it may be difficult for the SEC to persuade investors and other members of the public to cooperate with the staff in its investigations...continue to full post

Full post as published by NASD, SEC and Regulatory Defense Blog on May 21, 2009 (boomark / email).