SEC Chair Tiptoeing Around Questionable Gumbs Nomination

We live in a new financial world order that is, at times, positive and sometimes less than positive, particularly when it comes to criminal activity. This can be seen through several lens focuses, but perhaps most interesting is to note that even Wall Street institutional investors are not immune to the crime wave on several levels. Institutional investors were at one point the most protected class of investor, until, one can argue, both judicial and regulatory leverage switched from the buy to the sell side. Those underwriting SWAPs contracts and bond offerings, more often than not using intentionally obfuscating language with multiple legal interpretations, reign supreme. Such is…