NEW CZAR OF GLOBAL REGULATION

by Berny on May 19, 2012

THERE IS HOPE….

Washington, D.C., May 17, 2012 – The Securities and Exchange Commission today announced that Erica Williams will become the agency’s Deputy Chief of Staff.

Ms. Williams has been a member of Chairman Schapiro’s staff since February 2011, primarily focusing on enforcement and regulatory issues. Prior to that, Ms. Williams served as assistant chief litigation counsel in the Enforcement Division’s trial unit for seven years, leading trial teams in a host of successful prosecutions.

“Erica is well-steeped in the securities laws and has a true grasp of the intricacies of the agency,” said Chairman Schapiro. “She also fully embraces the agency’s mission and I am thrilled that she is willing to take on this new responsibility.”

Ms. Williams said, “This is an incredible opportunity that allows me to continue protecting investors and ensuring our markets operate fairly and efficiently.”

Ms. Williams replaces James R. Burns, who will become the Deputy Director of the Division of Trading and Markets.

In 2009, Ms. Williams was selected by U.S. Senator Ted Kaufman as Federal Employee of the Week. Before coming to the SEC, Ms. Williams was a commercial litigator in private practice.

Ms. Williams received her law degree from the University of Virginia School of Law. She holds a bachelor’s degree from the University of Virginia.                                                                                                                                                                                                                                                     Washington, D.C., May 17, 2012 – The Securities and Exchange Commission today announced that James R. Burns will become a Deputy Director in the Division of Trading and Markets.

Mr. Burns will oversee several of the Division’s core regulatory functions, including market oversight and operations, derivatives policy and trading practices, and chief counsel and enforcement liaison functions. He also will contribute to the Division’s ongoing implementation of key provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act. In addition, Mr. Burns will assist with the overall management of the Division, working closely with the Division’s Director Robert Cook and other Deputy Director John Ramsay.

Mr. Burns has been a member of Chairman Mary Schapiro’s staff since March 2010, most recently serving as the agency’s Deputy Chief of Staff. Mr. Burns advised the Chairman on the development and execution of the agency’s rulemaking and policy agenda as well as other key agency initiatives. He also served as counsel to Chairman Schapiro on issues involving the Division of Trading and Markets, including the agency’s analysis and response to the Flash Crash on May 6, 2010, and numerous other market structure and Dodd-Frank related rulemakings, studies, and programs.

“Jim has played an instrumental role in the implementation of the financial reform legislation and navigating through complex market structure issues,” said Chairman Schapiro. “In his new position, he will continue to help put in place the new regulatory regime governing complex derivatives as well as critical market structure improvements.”

Mr. Cook said, “At a time when the Division is taking on unprecedented challenges and new responsibilities, I am delighted that we will have the benefit of Jim’s leadership, initiative, and experience. Investors will be well-served by Jim’s dedication to the Commission’s mission and his wide-ranging knowledge of the diverse markets and intermediaries we regulate.”

Mr. Burns said, “I am honored to take on this new role. I have deep respect for Robert and the Division’s staff, who are carrying out tremendous responsibilities on behalf of our markets and investors, and I look forward to working with them to help advance the agency’s mission.”

Mr. Burns is expected to begin his new role in the Division in late May. He fills the Deputy Director position that was vacated by James Brigagliano when he left the agency for the private sector.

Prior to joining the Chairman’s staff, Mr. Burns was a counsel to Commissioner Kathleen Casey, advising her chiefly on investment management and enforcement matters. Before joining the SEC in 2008, Mr. Burns was a securities lawyer in private practice who focused on investment management and broker-dealer regulatory and enforcement matters. He previously served as a law clerk to now-chief Judge William B. Traxler on the U.S. Court of Appeals for the Fourth Circuit, and also worked at Oriel College, Oxford University.

Mr. Burns received his JD, cum laude, from Georgetown University Law Center. He holds masters and doctoral degrees from Oxford University, and graduated with an AB, magna cum laude, from Harvard College.

We see this step as a critical decision at a maximum time of opportunity for the world regulatory sanity.

Berny Dohrmann – Chairman www.ceospaceinc.com

PS: My Daughter graduated from Georgetown and went to work at State – her step father served on the Board of Georgetown – we applaud the family….

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DETECT & DEFLECT – OUR PRIORITY

by Berny on May 18, 2012

This montage of images of the planets visited ...

This montage of images of the planets visited by Voyager 2 was prepared from an assemblage of images taken by the Voyager 2 spacecraft. The Voyager Project is managed for NASA by the Jet Propulsion Laboratory, Pasadena, California. (Photo credit: Wikipedia)

LETS STOP COMPETITING AS WE SURVIVE  AS A “RACE”….

The Earth is at risk from more asteroids than previously thought, according to a new survey. New data from the asteroid-tracking NEOWISE mission reveals that twice as many asteroids as previously thought are on low-inclination orbits that could bring them into contact with our home planet.

“We were very surprised to find that,” says Amy Mainzer of the Jet Propulsion Laboratory in Pasadena, California. “We were not expecting to find [that result] at all.”

NEOWISE, which took data with NASA’s infrared WISE space telescope from 2010 to 2011, has completed the most accurate census yet of potentially hazardous asteroids: those that come within 8 million kilometres of Earth, and are large enough to survive the trip through the atmosphere.

Because WISE searched in infrared wavelengths, it was equally as sensitive to large dark asteroids as to small bright ones. Previous surveys that looked only at visible light couldn’t tell those two populations apart, Mainzer says.

Mainzer and colleagues sampled 107 potentially hazardous asteroids (a representative sample of the entire population) and extrapolated to predict the total number. They found that about 4700 of them – give or take 1500 – are 100 metres or larger in diameter. Only 20 to 30 per cent of these have actually been observed.

Twice as many of those as previously thought are on so-called low-inclination orbits, which means they are closely aligned with Earth’s orbit and therefore have a higher chance of hitting us.

“It’s easier for them to make close approaches to the Earth more often,” Mainzer says. “It’s a hazard and a risk.”

Our best recourse is to make sure we know where they are, where they’re going and what they’re made of. “If you find things 20 to 30 years before a potential impact would take place, then you have time to deflect them,” she says. “If we find them days before impact, then it’s much worse.”

But there’s a silver lining: the new population of easy-access asteroids is also an opportunity for scientific exploration or the proposed asteroid mining industry. “If the asteroid is naturally carried near the Earth, it’s easier to reach with a spacecraft, either robotic or with astronauts,” Mainzer says.

In my New July Release of REDEMPTION THE COOPERATION REVOLUTION – I profer the notion of my speeches and lectures – that humanity MUST come together in cooperation and protect our planet – or we will see all our progress disappear in one extinction event that is absolute in nature – we have the technology – we have the means – we need only remove the one virus on the human conscious gnome – COMPETTITION the great insanity. By celebrating all divesity of humanity – we come together to protect the HUMAN Race. Redemption discusses this mandate priority.

On another note – one must ask of Jamie Diamond at JP Morgan – when do 21 players review a risk trade – at 100 million – at 250 million – at 500 million – how does one person loose 2 billion with 100 Billion MORE in “risk assets” such that the specualtion we have reported here – is so out of control only – RE REGULATION can resolve the issue. We trust Mary Shapiro and the SEC will not loose ground on this issue now. You can’t regulate the current off shore casino capitalism without NEW LAWS. It is time.  Given the EU is having RUNS on its banks which are now out of control.

Why? Confidence is why. We who vote with our wallets KNOW that the regulations have put our financial system at risk due to specualtion that was once a felony and needs to be a felony once again. Lets go back to the future…when we had world good times.

We are banking on the IMF to come up with a central solution to the EU problem within a cooperative co op of EU leadership that reforms the EU once and for all in concentric systemic reform – we can do this – in cooperation – we can not do this in competition. We trust the teams working on this – though it is not instant – have solutions – that will repair the tear in the EU fabric gown of the present. Do not over sell the EU short yet….

Stay tuned.
Next CEO SPACE – central to over compliance in Crowd Fundingwww.ceospaceinc.com May 22nd – Wheels up Tuesday – register and join the world of business…CEO to CEO …professional to professional….

PS: California is leading in CRIMINAL CRACK downs on fraud and abuse in the Crowd Funding field which remains wholly illegal as we have reported on this web site – including our prediction of the regulatory crack down being led by California. Leading Fraud states – Arizona – Texas, Colorado, Utah, Georgia and Florida for Crowd Funding Abuse. We are monitoring rising fraudsters in NEW YORK. Investors stay OUT of Crowd FUNDING until the SEC and States adopt legal guidelines …is our over compliance continued suggestion – ask your security counsel. Buyer beware.

…WHAT IS MORE IMPORTANT FOR HUMAN KIND THAN A SYSTEM TO PROTECT OUR PLANET FROM INCOMING….?

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SEC – YOUR TAX DOLLARS AT WORK

May 17, 2012

IT IS ALWAYS MUCH MORE COMPEX THAN YOU SUSPECT…OUR TEAM REMAINS THE BEST TEAM IN THE WORLD Chairman Mary L. Schapiro U.S. Securities and Exchange Commission   Before the Capital Markets and Government Sponsored Enterprises Subcommittee and Financial Institution and Consumer Credit Subcommittee of the U.S. House of Representatives Committee on Financial Services     [...]

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HOT GULF – ISREAL II

May 17, 2012

ISREAL TAKE TWO – “MANDATE” …. Benjamin Netanyahu has pulled off what has been acclaimed, by some of his  detractors as well as his admirers, as a masterstroke. The Israeli prime  minister last week called early  elections, only to seal a coalition  alliance with his principal opponents, who faced a meltdown at the polls. He  [...]

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US IS THE NEW GULF FOR ENERGY

May 16, 2012

LARGEST RICHEST CONTINENT…LARGEST ENERGY RESERVES NOW COMING TO USA Every president since Richard Nixon has called for the U.S. to wean itself from needing  oil from unstable or unsavory countries. The nation’s  new-found energy riches are likely to bring that ambition  closer to reality in the next two decades, according to many forecasters. It’s no [...]

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CROWD FUNDING REGULATORY AGENCY

May 15, 2012

THE INTERNATIONAL CROWD FUNDING ASSOCIATION IFGA The IFGA launches on Thursday of next week at the Revella Hotel with a founding Board in attendance. The largest industry client community ( issuers ) represented by CEO SPACE – Peak Potentials – Rainmakers – WIN – Laughlin USA – and other larger communities of small business owners, [...]

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CEO SPACE BAN ON “SHELL” DEALS

May 15, 2012

SEC CRACKS DOWN ON SHELL DEALS AS  WE REPORTED HERE… CEO SPACE has long standing policy banning SHELL DEALS from the five CEO SPACE annual trade shows? Why? Because investor fraud and risk is so high, that it makes zero sense for these structures to be used as a fronting device for raising capital. Crowd [...]

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SUPER CRASH 2012

May 13, 2012

FOR TWO YEARS WE HAVE WRITTEN ABOUT SUPER CRASH The historic melt down of competitive capitalism in over extended credit matrixing that deleverages world financial systems. We now view this week as volatile set ups for: 1. The EU contagion that is spreading from the Greeks leaving the EU which will be spun as not [...]

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ICFA ALERT ON CROWD FUNDING

May 13, 2012

SWEEP REGULATORY ACTION IS AS WE WARNED NOW COMING The International Crowd Funding Association issues the recent ALERT that the State of California is effectively moving into regulatory action which will shut the operations of PRO FUNDING a jump the gun Crowd Funding entity. The State of California and others are moving into the Crowd [...]

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DELEVERGING RISK TO UNWIND EVERYTHING

May 13, 2012

We suggest IF nations cut back spending, if banks are unwinding versus MAY 22nd a HUGE 30 YEAR GROWTH IN YOUR BIZ COOPERATIVE COMMUNITY TO NETWORK INTO – CAN BE YOURS Swinging UP, where is the lake of circulation coming from that will rebuild economic tissue? How would as a theory on modeling would we proceed. [...]

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