Even if you don't have direct responsibility for a company's financial statements, you cannot turn a blind eye when you have reason to know that what you are doing will help make those statements false and misleading,
More Quotes from Stephen Cutler:
The distribution payments will be more meaningful if the states make their portions of the relief available to investors,Stephen Cutler
The 375 million that Bank of America has agreed to pay and the significant reforms that it has agreed to implement reflect the seriousness of the misconduct in this matter, ... We will continue to investigate that misconduct in an effort to hold all responsible parties accountable.
Stephen Cutler
It's just astonishing to me that a firm could allow an analyst to participate in a road show -- and the fact that the prohibition on such conduct isn't literally in effect yet doesn't make me any less disappointed.
Stephen Cutler
looking to see whether managers are adjusting their assumptions with an eye to enhancing the earnings and balance-sheet numbers investors care about. That could be fraud.
Stephen Cutler
For Xerox, the accounting function was just another revenue source and profit opportunity, ... As a result, investors were misled and betrayed.
Stephen Cutler
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