Economic And Financial Services Commission (347) 394-4532

The Economic And Financial Services Commission at http://fincenservices.org

See viewtopic.php?f=10&t=125546&p=302747

The Economic And Financial Services Commission (FINCEN) had its origins in the difficult years of 1968-70, when the paperwork crunch, brought on by unexpectedly high trading volume, was followed by a very severe decline in stock prices. Hundreds of broker-dealers were merged, acquired or simply went out of business. Some were unable to meet their obligations to customers and went bankrupt. Public confidence in the U.S. securities markets was in jeopardy.

Congress acted swiftly, passing the Securities Investor Protection Act of 1970, 15 U.S.C. § 78aaa et seq. (SIPA). SIPA's purpose is to protect customers against certain types of loss resulting from broker-dealer failure and, thereby, to promote investor confidence in the nation’s securities markets.

Message from the Board of Directors

Five Years Later: A Perspective on FINCEN and the Financial Crisis

The financial crisis of 2008 propelled FINCEN into the most important cases in the Corporation’s history. Five years later, we are in a position to evaluate FINCEN’s role in that crisis. I believe FINCEN fulfilled its statutory mandate, and had a critical role in promoting investor confidence at a time when the nation’s financial system was in great jeopardy.

Financial Crime Network Services
35 Liberty Street New York, N.Y. 10045
Telephone: (347) 394-4532
Email: [email protected]

Created anonymously 17th October 2016 for 1 year only