the sec action was simply a bump in the road. it was... it barely slowed them down. >> smith: bienes denies routing clients through sullivan or anyone else. >> if they called me, i said, "listen, the only advice i can give you is call bernie, if you want to get... i don't know if he'll take you." >> smith: or "call michael sullivan." >> no, absolutely not. never! >> smith: now, why does that push a button? >> because it's not so, and that's what really bugs me. >> smith: but you got people saying that they were advised... >> i don't care what people say. they're lying. >> smith: but documents show that after 1992, former avellino and bienes clients began moving their money into partnerships that were michael sullivan's conduits to madoff. avellino and bienes also continued to invest their own personal money with madoff, and went on to amass fortunes. the avellinos bought this $4.5 million house in palm beach, and stocked it with paintings by degas, dekooning, hopper, and bacon, paintings worth tens of millions of dollars. the bie

it is so complex and out of the order mare for the sec. commission's working to finalize the adoption and i'm hopeful in the next couple of months we will be done. we met with many industry participants as well as many ngos, the jes it conference, the conference of catholic establish ops, the enough project. people on the ground in the congo who understand as we all do the good intention, the important intention behind this provision. so we're working to finalize it. we held a round table where we could hear from industry about the particular issues that they were concerned about. i don't believe a di min vus exception is possible under the statute. the rule will try to give latitude and flexibility in some areas that i think will be helpful to different kinds of businesses in order to comply. we will have a phase in period. i don't know how long that will be to give sufficient time for some supply chain due diligence mechanisms to be developed and put in place. we are looking closely with the oecd has done in terms of guidelines. it's sti

require sec rulemaking. additionally, finalized 13 of the required 20 studies and reports. while the agency's budget has grown in event years so have our responsibilities and size and complexity of the markets we oversee. during the past decade, trading volume in the equity markets more than doublinged as have assets under management by invest advisers with these trends likely to continue the foreseeable future. at the same time, we recognize that it is incumbent upon us to maximize fishs sis and continue our organizational modernization efforts. as we protect investors we have an obligation to be good stewards of the resources provided to us and to carefully review our activities to identify efficiencies and cost savings wherever possible. out of request for 2013 two permit us to add 676 positions to improve core operations and implement new responsibilities. and it would be fully offset by the matching collections of fees on securities transactions. the resources would allow us to achieve four high priorit

sec staff, contacted cftc staff to inform us of capital charges. the cftc staff also consulted with cme, finera, and cbo, regarding the rationale for additional capital charges. commission staff consulted with domestic and foreign regulators during the period of october 24th, through october 31st, as well as in the critical hours leading up to the bankruptcy filing. at the direction of chairman gensler, commission staff continues to review customer fund protection provisions of the commodity exchange act and our commission regulation to identify possible improvements. while the staff has not yet pro posed amendments to the commission, it is expected that they will make recommendations in several areas. at a minimum, i believe that changes should be made to our part 30 rules so customer funds held for trading on foreign markets are set to the liquidity regulations. that more information be provided to customers regarding how their funds are held and invested. and that more frequent reporting be provided to regulators and that fcms internal controls

can you tell me how investors have benefitted from such large sec funding e increases? >> i'd be happy to and want to start we are grateful for the funding increases we've received and recognize that we have been not quite unique but close to unique among federal agencies. i do believe the agency was underfunded for many years, and the task of regulating these enormously diverse and important and complex markets far outstripped the agency's capabilities. we're responsible for about 35,000 regulated entities some of which engage in some of the most complex financial transactions anywhere on the earth. and it was really incumbent upon us to do a number of things to keep up with the markets and remedy the flaws exposed by things like the failure to catch madoff or the failure of the consolidated supervised entity program. in the first instance we have tried to restructure. we have not tried to, we have successfully restructured the enforcement program to create specialized units that focus on particularly high-risk activities, for example, the construction and sale of stru

finra and cboe, had discussions with the sec about our concerns. the sec agreed that the firm should hold capital against positions. the firm fought this interpretation throughout the summer appealing to the sec before conceding in late august. mf global infused capital and made filings. on august 31st and september 1st that notified regulators of the identified capital deficiency and the change in that capital treatment of the rtm portfolio. following this, finra added mf global to alert reporting, heightened monitoring process whereby we require firms to provide weekly information including net capital and reserve formula computations. during the week of october 24th, as mf global's credit rating declined and the credit rating was cut, finra increased the rating at the firm. at the end of the week, finra was on site at the firm with the sec as the it became clear, mf global was unlikely to continue to be a viable stand alone business. our primary goal was to gain an understanding of the custodial locations for customer securities, and to work clo

the sec staff is evaluating these wreck men dax recommendat. the sec is also engaged in a number of efforts both domestic and international to share more and better data, qualitative asements assessments of firms and markets. some include up proved coordination with sros, more frequent meetings with certain sros with financial oversight responsibilities. thank you again for the opportunity to testify on this important subject. i look forward to answering any questions you may have. >> thank you. mr. ketchum, please proceed. >> members of the committee, thank you for the opportunity to testify today. my name is richard kechlt tyhum, chairman, ceo of the finra. when a firm like mf global fails there is always value in reviewing the events leading to the failure and examining where rules and processes might be improved. clearly, continued impact of mf global's failure on customers who cannot access their fund is of great concern. and every possible step should be taken to restore the accounts as quickly as possible. with respect to oversight of mf

do you think the sec is doing enough to obtain admissions of guilt. now, we've also seen press reports to say if they had to admit guilt and you could get into some legal proceedings that would eat up resources, just on the face of it seems strange to many of us that somebody would do something wrong and would simply go oops, and that's it be end of it and i'd like you to tell us why there's a good policy. >> our policy with respect to cases with parallel criminal proceeding and a finding of a plead or a gl verdict we do not allow people to neither admit nor deny in the parallel civil proceedings. that policy changed a number of months ago. i will say with respect to gist our purely civil proceedings, this is how we approach the issue of allowing people to neither admit nor deny. if we can get in a settlement back to investors about the same amount of money and penaltity that we would get if we litigated the case without the incertainty of litigation, the possibility of losing litigation or the tremendous delay sometimes of years of litigation, we thi

>> this is really a matter over the sec.i am not in a position to comment on those sorts of allegations. >> the company has proposed several things, including swapping it interfering spectrum. do you think there is any spectrum that npi manages that would be available for the scots were not. >> again, that is a matter between lightsquared and the sec. if light squared wishes to put a proposal with them that might involve spectrum used by federal agencies, it would certainly respond any request to work through those issues. i am aware of one band of spectrum that is on the other side of spectrum that lightsquared has, but that actually is a shared band that is used by federal agencies as well as commercial aerospace companies. again, i think one of the first questions that would have to be addressed the extent to which companies such as boeing and sherialyn byrdsong's and those who make use of that spectrum would be able to consider swapping their spectrum. and if there is spectrum they could move into. in the first instance,

the federal communications commission will announce its plan to stop this the sec wants to credit data base to track stolen funds and the sale and said no one can use it again and is essentially rendered useless. did least double in the next next month's budget cellphone carias rise in at&t's brand into mobile are planning to but a similar program in place then the sec wants to make this even bigger consumers all of those and trades in national data base some hackers can't begin to phones and switch them to a different network. the fcc is teaming up with long 4¢ to announce his plan today the commission is planning to take a frederick for their and wants to work with congress to make tampering with a phone a federal crime. it can also watch some of our past stories on on best writing in the bay area time now success 6 president just said is a state universities propose changes to the school's admissions policies he is expected to announce the university will qualify has to graduate from santa clara county police will likely still be given preference sjs you blame's funding cuts to publ

mf global was a duly registered fcm and was subject to the cftc and sec, it was the dsro for mf globals futures markets activities and had primary responsibility for overseeing the fcms compliance with capital, segregation, and financial reporting obligations required by the cftc. prior to the bankruptcy the futures and securities regulators shared information and examination results regarding mf global. in august 2011, mf global filed statements and regulatory notices with the cftc as a result of additional capital charges that the sec required the broker dealer to take on with regard to certain repoed maturity transactions on foreign sovereign debt. at approximately the same

was the sec involved? >> he organized the conference call where we asked to notify the regulators early in the morning on the 31st. >> who was involved in placing the holding company in chapter chapter 11 of lalinde assets to flow to the creditors and countries? >> the board made the determination that the company would file for bankruptcy to respect the board and anyone in particular on the board? >> the board of directors. >> okay yield back. >> i thank the gentleman and the panel and at this time you were dismissed and we will call it the second panel. thank you for coming. >> mf global filed for bankruptcy protection october 31st >>> this week to end a features a documentary about hubert humphrey. producer mick caouette c-span: when did you first think about doing a documentary of hubert humphrey? >> guest: it would have been the late fall of 1999. i was working at the minnesota historical society. and i ran across the country collection which is just enormous. this will hundred manuscript boxes, large

the sec is accusing us of filing an application back in 2008 which they approved. and two years after that approval, they are questioning its information we provided on the form. our view is that we would have been happy to give them more information as of 2008 but now five years later, it's very difficult to support from that information. and further, the agency-- . >> tom: the agency isn't call fooing your question your ratings, instead it is talking about your application itself. what about the information on that application. >> that is the issue. and according to the sec we think the paperwork issue that we-- i was responsible for filling out that foferment i filled it out in accordance with our lawyers guidance. said fill it out as honestly and accurately as possible. and i did. if i had to fill it out again today, i would do exactly the same thing. bear in mind that this is an application from about five years ago or so. the number-- . >> tom: now let me ask you, you brought up the idea of the business model here. most of the big credit rating agencies get p

through legs ool shotss7 secs secs 26-year old ark harveyy dressed like batmannand interrrpted fridaysnced on center field and fulfilled a dream. (23:04:14) "i looked up and therr wasn't one empty seatt and to know that ey all the eyes are on me that was the started i'm thh first one on g the dancc floor i'm the onn to say hey lets get this party sta" sttrted." harveys antics cost him a night in jail. but prosscutors blamm a 'miscommunication for their failure tt harge him. him. 3 busted ffr dealinn marijuana. marijuana.the... unlikely suspect.../ and... hoarding thousands...// of... dollaas in cash. 3 --nats of robbery robbery a clerk fights back. the dramaticcrobberr and the struggle insideettis convennence store. 3 3&baltimore ther tz-- - baltiiore officials voted today too pend 85-thousand dollars on one upgrade public houssng complex.but residents ccn't believe wheree phe money's going.melinda roeder is herr withhmore inn this "waste watch" report. melinda? 3the mmney is for a makeovvr... the buildingss.. or landscape the grounds...insteadd.. it's being used to reeurbish two statu

[inaudible] -- with the sec, please?has consulting relationship with the sec. >> it was always an informal relationship. he was sent a a noted figure in the security trading industry. that's another to retail investors because suppressing if he didn't have any retail customers. he was a behind-the-scenes guy, and infrastructure guy. so the fcc consulted him and his brother frequently about rulemaking that would affect wall street trading. he was in the vanguard of pushing towards more automation of treating, 24 hour trading, globalized trading, things that have all come past the madoff was an advocate quite early years so he would serve on advisory committees, roundtable discussions. he would be part of the delegation that the industry would spend the fcc to argue that sun will change or another. but he never had official consulting relationship with them. >> how important was the notion of affinity fraud? i am from minnesota and at least in minnesota a large part of the jewish community was involved, not so much because

i'm telling you, the sec has been out there with a few of these companies. why is it always after the fact? that's what we have to ask. why can't they get in there while this stuff is happening and stop it. next time. >> preemptive damage control. >> let's stay with china's story. the world's biggest automakers have gathered in that country this week. if you think your commute is tough, you haven't seen nothing yet. phil lebeau is in beijing to explain. >> reporter: after years of explosive double digit growth in auto sales, china's major cities now find themselves with a new problem. congestion. in fact, here in beijing is a perfect example. last month roughly 400,000 people who had bought a new car applied to win a license plate so they could drive that car here in the city. just over 17,000 were actually awarded a license plate. meaning most people who bought a car cannot drive it here in beijing. >> that is absolutely a constraint on sales. but it's a good thing to do because for the population here, it'll make the quality of life better. >> reporter: as

many fcms are also register with the the sec as broker-dealers. these duli registers fcms -- to insure that all activities are properly reviewed, futures and securities regulators including sros coordinate their regular ha story oversight. regulatory oversight including periodic meetings of the intermarket surveillance group. mf global was, therefore, subject to the jurisdiction of both the cftc and the sec. the cme was the dsro for mf global's futures markets activities and had primary responsibility for overseeing the fcm's compliance with capital, segregation and financial reporting obligations required by the cftc. prior to the bankruptcy, the futures and be securities regulators shared information and examination results regarding mf global. in august of 2011, mf global filed revised financial statements and regulatory notices with the cftc as a result of additional capital charges at fen rah and the -- that finra and the sec required the broker-dealer to take on -- with regard to certain repod maturity transactioned on foreign sovereign debt

sec still not giving you the documents you tried to get. >> right. >> what are they hiding?don't know. but every time i have asked the federal government and the agencies in the federal development, whether it's the fed, state department the sec, so give me documents about these banks that i'm writing about, what do i get? nothing, eliot, zero. and then after the books come out, i get a disk or this or that. i got a disk from the fed about government -- >> okay. there's an answer, though. i'm going to apply to become a bank holding company. clearly that's the way to live. >> you don't have to reveal anything about yourself. >> all right. we'll do that by tomorrow night you and i will be a bank holding company. when we come back i'll weigh in with my view on the banker's blissful ignorance. >>> still to come the prodigal son departs. and let's check in with governor jennifer grandholm in "the war room." i'm sure you have your eyes in wisconsin tonight, jennifer what is coming up? >> the polls closing at the top of the hour, so we'll be following that. i expect there won't be

. >> they are a private company that's registration-- they have private shares up to the sec, they have regulatory authority. >> which brings me back to the original premise, charlie. then why doesn't the president have such a-- why isn't the vitriol ever pointed to the hip companies? >> why does warren buffett get away with what looks like, at his company-- >> i heard that adam. >> and he's on facebook. >> and you know, it's a legitimate question and not so much in terms of-- i don't think we need to do significant so bad although he does come under sec regulation, i don't care what anybody says, why does warren buffett's number two, buy a stock, recommend that stock, have buffet buy the company and makes 3 million dollar quick profit and another example-- >> and give you some examples. >> and back to a million and-- >> you know it's a great example of another double standard there without a doubt and by the way, warren buffett sued by the government for 350 million in taxes, but amilya gets back to the idea that some companies are hip, some people are hip. some people are worthy of th

. >> i think safety is probably sec for the city of d.c. first and foremost, it's about bringing in as much revenue as possible. >> and a virginia state senator is introducing legislation that would stop platant speed traps on interstates like the one in hopewell, virginia, that made 2 million bucks on tickets. >>> and soaring gas prices might be hurting the everyday american and that could be a saving grace for automakers. chrysler, ford, gm posted solid gains for march and credited it to people buying smaller, more lighter and fowl-efficient cars. $3.92 is the average. >>> and ahead on the edge, how often do you pay for things with pennies? and in this a cst.  . >> the neighbors to the north are getting rid of the penny and as fox's christian wright reports, the u.s. may do the same. >> reporter: the penny. even in the hardest of economic times, it's still just a penny. they pile up in that dirty penny stash not even any good in a vending machine. >> it's a pain in the neck. i didn't say the other word. >> reporter: the penny

sec still not giving you the documents you tried to get. >> right. >> what are they hiding?i don't know. but every time i have asked the federal government and the agencies in the federal development, whether it's the fed, state department the sec, so give me documents about these banks that i'm writing about, what do i get? nothing, eliot, zero. and then after the books come out, i get a disk or this or that. i got a disk from the fed about government -- >> okay. there's an answer, though. i'm going to apply to become a bank holding company. clearly that's the way to live. >> you don't have to reveal anything about yourself. >> all right. we'll do that by tomorrow night you and i will be a bank holding company.y.y.y.y.y.y.y.y.y.y.y.y.y.y.y.y.y.y.y.y.y.y.y.y.y.y.y.y. ah, claim trouble. [ dennis ] you should just switch to allstate, and get their new claim satisfaction guarantee. hey, he's right man. [ dennis ] only allstate puts their money where their mouth is. yup. [ dennis ] claim service so good, it's guaranteed. [ foreman ] so i can always count on them. unlike randy ov

the sec is going to play an important role in implementing this bill. close eye as this law goes into effect and provide me with regular updates and also means to all the members of congress here today i want to say publicly before i sign this bill it is important we continue to make sure the sec is properly funded just like all of our other regulatory agencies so they can do the job and make sure that our investors get adequate protections. this bill represents exactly the kind of bipartisan action we should be taking in washington to help our economy. i always said the true engine of job creation in this country is the private sector, not the government. our job is to help our companies grow and hire. that's why i push for this bill. that's why i know that the bipartisan group of legislate tors are here. and that's why i cut taxes for businesses over 17 times and every day i am fighting to make sure america is the best place on effort to do business. our economy has begun to turn a corner. we still have a long way to go. we still have a lot of america

sec period, up 3-0. this is a good sign for the postseason. backstrom back and strong. they win and take on the bruins. games one and two thursday and saturday in boston. thursday and friday, they come to the verizon center. five, six and seven would alternate, boston, d.c. and boston if necessary. >>> don't go anywhere. when we return, the nats aiming for a sweep of the chicago cubs. stay with us.    >>> the good news is jordan zimmerman appears to be back to his pretommy johns form. but no help from the team. cubs starter even better. 8and 23rd innings, four hits, one run be struck out eight, including zimmerman. nats gave up two big insurance runs. they would add another to make it 4-1 in the 9th. the nats rally. adam laroche, second homerun of the season, two-run blast. nats trail 4-3. man on first in the 9th. chance to be a her row, but pops out. they fall 4-3, 1st loss of the season. after the game, what do you have? >> i thought we'd win the ball game. unfortunately, the leadoff walk and matthews, they scored two runs. still thought we had a pre

united wins 4-1 to move into sec place in the eastern conference. >>> when we return, a high school freshman becomes a member of an extended family. lindsay murphy with this emotional story when we come back.   [ ires sque, engin e re ] ♪ ♪ ♪ [ male announcer ] not everything powerful has to guzzle fuel. the 2012 e-class bluetec from mercedes-benz. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. >>> i'm sure you've heard the saying, a little goes a long way. at lake braddock high school, a simple gesture has made a world of difference for one teenager. he is finding ways to share the school spirit. here's lindsay murphy. >> reporter: his smile says it all. bennett bare is happy, happy to be part of the team. he's one of the managers for the varsity boys lacrosse team. unassuming freshman, humble about his role. >> fill water bottles. motivate the team and that's probably about it. >> reporter: but bennett's role is bigger than what he'll tell you. he's living with mild cerebral palsy. that won't keep him from

43 and takes the inbound pass and gets to the john wall and to the brazilian, gets it to go with .5 secss and the wizards win the third game in a row, 86-84 over the heat. >>> the terps annual red-white spring football game had a different feel this year and missing with 13 players departing following the season, including danny o'brian and led the terps offense this afternoon and with a handful of injuries and depleted roster, you didn't see the typical two- team game. instead, a scrimmage between the first-team offense and defense and that defense outshined the offense. >>> off the raw is next. we're talking nfl drafts, and any chance that rg3 goes number one. >> is there any chance we're going to talk about love and vacations? >> love and vacations. and rg3. what is not to like? >> guess where i was going on vacation? >> where would you go? a. >> stick around and find out.  [ male announcer ]] knowing your customers is important to any successful business, which is why at wells fargo, we work with you to get to know the unique aspects of your business. we can recommend financial sol

. >> are you asking the sftc to work with sec more diligently? >> very good point. we want them to bes a close as they can. if they're different, it's harder for the rest of the world to say we want to be like american. we're trying to get them to be alined where we can be. we're in a stronger position to encourage the world to adopt our tougher standards. we're also -- we're also encouraging the fed and sec to work closely with the europeans and with the asians and british to make sure that those reforms largely match ours. >> do you have -- do you have a -- you mentioned the difference in regulations between europe and the united states. if there's that difference for a period of months, you would see -- you'd see a flow out of our markets to theirs. so is it important those dates match up or is it important they get -- they're close. ki speak to that? you've spoken a lot about this and i appreciate that. that's one area where i think you're saying is matching up with a very wide bipartisan group on capitol hill. >> you're right that we've got to make sure that if

in general even small broadcasters are engaging with the sec online. they are broadcasting -- but the extent there are burden issues those are issues raised on the record. >> commissioner? >> i want to clarify that broadcasters that came to us and wanted us to move a lot of those file requirements to be online. but they wanted the political file component carved out because of the proposed costs. it is the cost of broadcasters uploading the old files and maintains in realtime. i don't think anyone's against disclosure or transparency. you raise an excellent point. it's a good point for congress to consider which is the fcc the best equipped agency to be in the federal election law business or is that the rule of the fec. i think we should keep all that in mind. >> the chairman mentioned earlier today in discussion about some of the regulatory burdens that have been dropped overtime. you mentioned specifically fairness, doctor. what are the requirements. what is a requirement today? and whether or not there is any initiative underway or thought process

. >>> and chesapeake under fire as the sec starts a probe of aubrey mcclendon's investment. we're checking the footnotes to see how worried shareholders should be about these sweetheart deals. there's lots of trades today. let's head over and see what the traders are thinking today. earnings continue to impress. winners and losers, stephanie link, are starting to emerge, right? >> they definitely are. expectations were low heading into the earnings in general, like 1, 2%. >> really low. >> really low. we're seeing obviously better than expected numbers, but it is a soft pick market. look at pepsi versus coke. look at dow versus dupont. look at cat versus united rentals. it is clear there are companies that are executing better and that's why it's really important to do your homework. >> 70% or so of companies beat earnings expectations? >> right. >> the market seems slow to react to the partisan news that's been delivered. are we going to start focusing on earnings now? >> i think so, but i think you're still reacting from that first quarter and the great performance we had

groupon is under pressure from the sec. the sec is looking into its revised fourth this quarter numbers. investors getting the latest on factory orders. march sales numbers from chrysler, and ford. the assateague is now near -- the s&p is now near four0-year highs. does facebook make you feel fat? the center for eating disorders conducted a study and found many people see the photos as themselves and often wish they looked more like one of their friends. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> i look myself and say, i wish i looked like stan. 37 degrees on tv hill. an accident in owings mills could cause some delays. >> two teams battle it out for the marc call as basketball championship. here is a look at last night's winning maryland lottery numbers. >> now traffic pulse 11 and insta-weather plus together. >> good morning. sarah caldwell checking on your morning commute. a pretty smooth the ride and most of the major roadways. there is a problem at owings mills. there is an a

[inaudible] -- with the sec, please?has consulting relationship with the sec. >> it was always an informal relationship. he was sent a a noted figure in the security trading industry. that's another to retail investors because suppressing if he didn't have any retail customers. he was a behind-the-scenes guy, and infrastructure guy. so the fcc consulted him and his brother frequently about rulemaking that would affect wall street trading. he was in the vanguard of pushing towards more automation of treating, 24 hour trading, globalized trading, things that have all come past the madoff was an advocate quite early years so he would serve on advisory committees, roundtable discussions. he would be part of the delegation that the industry would spend the fcc to argue that sun will change or another. but he never had official consulting relationship with them. >> how important was the notion of affinity fraud? i am from minnesota and at least in minnesota a large part of the jewish community was involved, not so much because

the sec commissioner is behind me.roup that i used to work at once asked and they said that they could not. it would say paid for by american action for the environment www debt american action for the environment got word or the address or phone number, not authorized by any candidate or candidates committee, and i am john smith -- i'm not really john smith actually -- is chief executive officer of american action for the environment for. american action for the virus approves this message. major funders are ronald the coppersmith and donald wasserman schulz. the december to about 20 seconds to speak. our groups opposed to purchase a 302nd radio ad if you have a 22nd december. and i have not even mentioned groups of lager names such as the american academy of pro laryngology head and neck surgery. this is a ridiculous to have this on a radio ad. now, all this is totally unnecessary. current law already requires disclosure of all spending to the sec for all independent expenditures and election year communications. all

guitar solo 4 secs secs wind up in jail if e's not careful.. why -3 the justice deparrment mayy have actually protected criminals from prosecution whiie selling them iilegal assault rifles. 3 3 a littll lemonade gges a long way.... drew cox .../ started... selling eeonade .../ aftee... his dad.... rrndy.../ wws diignosed.../ with.. cancer.../ 3---monnhs ago .../ ááandáá drew... thought.../ hhs....ddd....could use ../ paying .../ medical -3 biill...//. ááandáá although.../ dreww... - says... he ame up .../ &pwith the idea.../ to... - make...// dad... feel... better...// áátheáá lemonade stand ...made its mmrkk.../ on the community. drew coxxsays: "i just did itt because i just hoped it would help him with his money, o help himmpay with his bills.. &pbillss"randy cox says: ""t -3 pakes t emmtional too, i mean seeeng that and knowiig how eeery little bit helps." helps."

the sec and forces pretty large penalties. they require companies to the scourg -- discorge large amounts of profits. liability for these companies when this thing comes along. there's a lot of risk involved when one of these investigations gets going. it's not just the justice department. host: on twitter -- guest: right. that's a fair criticism. people have gone to jail for violating, last year the longest ever sentence was handed out, eight years to a gentleman in florida. i guess the biggest name prosecution was a former head of was jack's family, he recently sentenced to jail. for the most part, a lot of people being sentenced to jail time are not executives at major companies. there are reasons for that. it's very hard to prosecute executives of the major companies. they have lots of resources. they will lawyer up and make it difficult. it would be really interesting to see whether they pursue executives at walmart. from the story in the times, it looks like there could be some liabilities for these guys. host: the next

law, women of color collective mentoring event, where i answered questions about my career and the sec -- occ. these questions were posed by members of the collective, and that was quite invigorating. that concludes my report of recent activity, and now i would like to move to the report that was in your packet, and it has a very long title, which inspector monroe already read, and i will go over the statistics which i gave to you, but i will briefly talk about the cases that were adjudicated by the chief that had been sustained by the occ, and the cases that were adjudicated were from march 12, 2012 to march 31, 2012. there were four cases. one case involving conduct, the report is called -- ok. in one case, conduct reflected misconduct with chewing tobacco and spitting, which the complainant complained about, and the officer was admonish. in another case, an officer failed to inform the juvenile that the juveniles parent or guardian could be present of the interrogation in violation of a code. mostly comprehensive reports and companion reports from march 1, 2012 through march 31, 201

deliberations would be premature after his attorney called for the sec's charges to be dropped over lackf specific evidence. he faces 50 counts involving sexual acts with 10 buoys. he has pleaded not guilty -- not guilty and remains under house arrest until his trial. a ohio state's student is taking his school to court over a t- shirt. he wore a church -- a shirt that read, jesus is not a homophobe. he says his school is denied his right to free expression. the school superintendent said he was just learning about t lawsuit and could not comment -- about the lawsuit, but could not comment. still ahead, why more people are skipping vacation and deciding to work instead. and a salmonella scare. what health officials say could be to blame. >> there are some clouds to our south and some sprinkles in virginia. we will take a look at the forecast coming up in just a minute. the grand hotel and spa in ocean city. a little cool. [captioning made possible by constellation energy group] captioned by the national captioning institute --www.ncicap.org-- >> the government releases the latest jobs nu

he can sake the sec -- >> does he control the sec, though?> he appoints -- >> but not all of them. it is still dominated by republicans. >> this is true. but this is politics. they are part of his wider cabinet. and they would require a regulation that has publicly traded companies to disclose their investors. >> but gentlemen, isn't it true that what really needs to happen is a constitutional pay amendment to overturn citizens united. >> yeah, but that takes a long time amending the constitution. and this election is only a few months away. >> adam were you going to jump in? >> yes, we need a constitutional amendment. but citizens united was only in 2010, and our elections were messed up long before that. we think to ensure that regular people have a larger voice in the system. it's not about getting big money out. it's how are we going to get regular people back in. >> back to this particular election, adam describe what the trends are that you are seeing in the types of donors that give to obama versus romney. >> a lot of wall street donor

among ma'am, alex smith from the sec for its fiscal 49ers half. of >>mark: we're waiting for the opening bell on wall street. word from sunny that they will be cutting 10,000 jobs worldwide over the next year. their decision to slash six for some of its workforce comes as they struggle with week television sales. they reported a $2.1 billion loss oct. true-december. >>mark: the u.s. markets were closed for good friday so they didn't have a chance to react to friday's the jobs report perianth only 120,000 jobs were added for march. the japanese nikkei index was down to 1.5%. right now features are down 109 points ahead of the opening bell. we will be right back as the kron4 news continues until 10:00 a.m.. [ male announcer ] a car is either luxury or it isn't. if you want a luxury car with a standard power moonroof, your options are going to be limited. ♪ if you want standard leather-trimmed seats, you're going to have even fewer. ♪ and if you want standard keyless access, then your choice is obvious. the lexus es. it's complete luxury in a class f

then the sec filed suit realizing vermont was the lawsuit asking to declare that child to go to the sub but then two states were involved. court in vermont was setting precedent and edna did sell. it was us slow path. the court was cautious but it was hesitant to complete the take her child but it did ordered the said to turn per child over to janet. vermont sought it as a husband and wife and leases stopped giving visitation their vermont court did to order lisa to give up the child because she would not order visitation. >>host: where is she now? >> i have no idea. to pastors have been arrested allegedly helping her flee the country. >> affiliated with liberty counsel? >> they were urbanite pastors. accessing through media reports, one is in nicaragua alleged to be involved another was here in the country and face saying trial helping her flee the country with her child. that is all i know. >>host: you were her lawyer at the time? the court case came down? >> the timing is different. there is a lot of motions made so we were waiting for the court to decide then after one month later s

a lower tax rate than his sec. now that's wrong. >> president says he wants tax fair. but is the buffet rule just a class warfare. >> his waive is actually never worked a day in her life. >> stay home moms list their job description and let you june whether what they do is considered work or not. >> going on faith. >> holy roller church. >> that's right. >> gone politic. >> go to the white house. >> governor goes on on 1 with dolly. >> ladies and gentlemen. mike >> ladies and gentlemen. mike huckabee >> thank you. thank you very much. welcome to huckabee from the fox news studio in new york city. well, this weekend marks 100 years since the sinking of the titanic. it struck app ice berg at 11:40 in the evening on april 14, 1912. it sank shortly after 2 many a on april the 15th. speak of sinking ships democrat are running for life boat this week after democrat strategist hilary rosen blurted out that ann romney the wife of g.o.p. presidential hopeful mitt romney had never worked a day in her life. now to their credit barack obama officials the campaign manager and strat