The heavy hand of the SEC-Ed Waitzer

The SEC has concluded its campaign to stop auditors undertaking consultingwork for clients. Despite the cease-fire, the "rancorous, wasteful and damaging"fight has alienated the profession and undermined self-regulation, for littlediscernible benefit, argues Ed Waitzer, chairman of Stikeman Elliot, in the latest issue of The Financial Regulator journal.

The inadequacies of nationalsupervision of complex global firmsand markets are increasingly apparent.At the transnational level, a wide range

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