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January 09, 2009, 07:02:34 PM

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76427 Posts in 4156 Topics by 861 Members Latest Member: - Gazza Most online today: 45 - most online ever: 66 (June 14, 2007, 11:37:46 AM)

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Author Topic: Renaissance Re Sham Transaction Settlement  (Read 300 times)
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« on: November 12, 2007, 04:29:16 PM »
A former Renaissance Re exec has settled with the SEC for his part in a sham transaction fabricated to smooth earnings. Renaissance neither admit nor deny wrongdoing.

Just curious, how do Bermuda's governing bodies work with the SEC on something like this?
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"If I can't be a good example, I'll have to settle for being a dire warning."
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