Faculty Notes Ronald J. Colombo, Associate Dean for Academic Affairs and Professor of Law

Published on March 13, 2009 | by LawNews

Prof. Ronald Colombo in Newsday

Professor Ronald J. Colombo was quoted in the following <em>Newsday</em> article.

Regulation: SEC shake-up is likely
By Tom Incantalupo
<em>Newsday</em>
March 13, 2009

EXCERPT:
It will be small consolation to Bernard Madoff’s victims, but experts say the massive Ponzi scheme to which he pleaded guilty yesterday will provide a much-needed shake-up at what critics term a snoozing Securities and Exchange Commission that will lead to more crooks like him being discovered sooner and prosecuted.

“This has been a black mark on the record of the SEC,” said attorney Ross A. Albert, a partner at the law firm Morris Manning & Martin Llp in Atlanta and former senior special counsel with the SEC’s enforcement division. “And, right now, you have federal regulators talking about a fundamental restructuring of the way financial markets are overseen in the United States.”

Academic Ronald Colombo, a professor of corporate and securities law at Hofstra University’s Law School, agrees. “This is a pattern every time there is a huge scandal.”

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