24/7 Wall St.
04-21-2008, 07:40 AM
24/7 Wall St. Daily News
There is no law on the books anywhere in the US to rival The Martin Act for giving prosecutors a big stick. As one expert on the breadth of 1930s piece of legislation put it: "The purpose of the Martin Act is to arm the New York attorney general to combat financial fraud. It empowers him to subpoena any document he wants from anyone doing business in the state; to keep an investigation totally secret or to make it totally public; and to choose between filing civil or criminal charges whenever he wants. People called in for questioning during Martin...http://feeds.feedburner.com/~f/typepad/RyNm?i=WmXz3qG</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=WmXz3qG) http://feeds.feedburner.com/~f/typepad/RyNm?i=8o57aZG</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=8o57aZG) http://feeds.feedburner.com/~f/typepad/RyNm?i=GDQYmjg</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=GDQYmjg)
complete story here... (http://www.247wallst.com/2008/04/auction-rates-t.html)
There is no law on the books anywhere in the US to rival The Martin Act for giving prosecutors a big stick. As one expert on the breadth of 1930s piece of legislation put it: "The purpose of the Martin Act is to arm the New York attorney general to combat financial fraud. It empowers him to subpoena any document he wants from anyone doing business in the state; to keep an investigation totally secret or to make it totally public; and to choose between filing civil or criminal charges whenever he wants. People called in for questioning during Martin...http://feeds.feedburner.com/~f/typepad/RyNm?i=WmXz3qG</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=WmXz3qG) http://feeds.feedburner.com/~f/typepad/RyNm?i=8o57aZG</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=8o57aZG) http://feeds.feedburner.com/~f/typepad/RyNm?i=GDQYmjg</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=GDQYmjg)
complete story here... (http://www.247wallst.com/2008/04/auction-rates-t.html)