Lehman oversight ‘flawed,’ SEC chairman tells panel

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Lehman oversight ‘flawed,’ SEC chairman tells panel

By JOSHUA GALLU AND DAVID SCHEER BLOOMBERG NEWS

Posted: March 21, 2010 at 3:04 a.m.

Securities and Exchange Commission Chairman Mary Schapiro said last week that her agency’s oversight of Lehman Brothers Holdings was “terribly flawed,” days after a bankruptcy examiner found the SEC didn’t try to stop the firm’s exaggeration of liquid assets.

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Business, Pages 56 on 03/21/2010

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