Sex Abuse Case Lesson for Wall Street's Cops

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Jan 15, 2010 11:43 am
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<div><a href="" target="_blank"><img src="" height="91" width="381" border="0" /></a></div> <div ="rrbdMdFntArlBlk"><b>An irreverent Wall Street Blog</b><br>by Bill Singer</div> <div ="rrbdSmFntArlBlk" align="right">Subscribe to RSS Feed: <a href="" target="_blank"><img src="" height="16" width="16" border="0" style="vertical-align:%20middle;" alt="Subscribe%20to%20RSS%20Feed" /></a></div> <hr size="1"> <div ="rrbdMdFntArlBlk" style="" align="right"><a href="" target="_blank">Blog Home</a> | <a href="" target="_blank">Past Entries</a></div> What A Child Sexual Abuse Case Teaches Wall Street
Written: January 14, 2010

The Street Sweeper by Bill Singer

We Need Better Financial Policing

[Y]ou pick the tragedy or calamity. You pick the
organization we entrusted with our protection--be that the Congress,
FBI, CIA, Securities and Exchange Commission or
the Financial Industry Regulatory Authority. Frankly it just doesn't
matter what you pick. The storyline is too similar. Public safety was
sacrificed for turf. Who got the credit was deemed more important than
getting the bad guy. Too many folks sleep-walked through critical jobs
while those set on destroying our way of life worked overtime. . .

[C]onsider the recent story in which the Royal
Canadian Mounted Police noticed in 2007 online images of a 6-year-old
girl being sexually abused by an adult male. After transmitting those
images to other law enforcement agencies the Toronto Police Services
identified a blurry beer can and learned that it was manufactured in a
handful of states in the northeastern U.S. . .