SEC Trial Attorney Blasts Agency's "Timid" Wall Street Policing

SEC staff colleagues and supervisors of trial lawyer James Kidney were in for a stark surprise when he gave his departing retirement speech and blasted the agency's “timid” approach to prosecuting Wall Street’s “penthouse” offenders.  In other words, speaking the obvious truth caused shock.

Target is lack of accountability for most powerful Wall Street players

“For the powerful, we are at most a tollbooth on the bankster turnpike. We are a cost, not a serious expense,” Kidney blasted in his remarks, noting that the SEC should focus on quality cases that matter, not going after low level cases...