Stephen Cutler Quotes (11 Quotes)

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.

This case presents a deeply troubling picture of greed and deception at a large, publicly held company,

Certainly every piece of legislation is going to have some consequences that people didn't anticipate at the outset,

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,

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.

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.

The distribution payments will be more meaningful if the states make their portions of the relief available to investors,

We are vigorously pursuing all credible leads but, at this time, we have drawn no conclusions.

Cutler, on the other hand, has steered clear of regulating fees on the grounds that fees should be set by market forces, not government watchdogs. On that point, he was relatively quiet Tuesday. We're not a merit-based regulator. We don't want to set fees, ... someone else might.

For Xerox, the accounting function was just another revenue source and profit opportunity, ... As a result, investors were misled and betrayed.

Our complaint against AOL Time Warner details a wide array of wrongdoing.