Stephen Cutler
Stephen Cutler
accounting function investors profit revenue source
For Xerox, the accounting function was just another revenue source and profit opportunity, ... As a result, investors were misled and betrayed.
against aol array complaint details time wide
Our complaint against AOL Time Warner details a wide array of wrongdoing.
blind cannot direct eye false financial help reason responsibility statements turn
Even if you don't have direct responsibility for a company's financial statements, you cannot turn a blind eye when you have reason to know that what you are doing will help make those statements false and misleading,
credible drawn leads pursuing
We are vigorously pursuing all credible leads but, at this time, we have drawn no conclusions.
agreed implement million pay reflect reforms staff views
The $100 million that Janus has agreed to pay and the significant reforms that it has agreed to implement reflect the seriousness with which the staff views market-timing arrangements,
agreed america bank continue effort hold implement million parties pay reflect reforms
The $375 million that Bank of America has agreed to pay and the significant reforms that it has agreed to implement reflect the seriousness of the misconduct in this matter, ... We will continue to investigate that misconduct in an effort to hold all responsible parties accountable.
anticipate certainly consequences people piece
Certainly every piece of legislation is going to have some consequences that people didn't anticipate at the outset,
currently dozen half looking potential situations
There are about half a dozen situations that we're currently looking at for potential FD violations.
continue effort hold parties
We will continue to investigate these improper arrangements in an effort to hold all responsible parties accountable.
allow analyst conduct effect fact firm less literally road
It's just astonishing to me that a firm could allow an analyst to participate in a road show -- and the fact that the prohibition on such conduct isn't literally in effect yet doesn't make me any less disappointed.
fund intended mutual order provide reforms undertake
The reforms Putnam will undertake as part of the commission's order are intended to provide real and substantial protections for mutual fund investors.
advantage auction exchange fair leave operation orderly position privileged public specialist takes trading undermines
When an exchange specialist unlawfully takes advantage of its privileged position by seizing trading opportunities that it should leave for public customers, it fundamentally undermines the fair and orderly operation of the exchange auction system.
documents essential extremely ingredient obviously serious
Destruction of documents is obviously an extremely serious matter. Documents are an essential ingredient in our investigations.
case deception deeply greed held picture presents publicly troubling
This case presents a deeply troubling picture of greed and deception at a large, publicly held company,