James Coffman, a 27-year veteran of the SEC's enforcement division, has an eight-prong solution...

|By:, SA News Editor

James Coffman, a 27-year veteran of the SEC's enforcement division, has an eight-prong solution to the regulatory shortcomings that were partially responsible for the systemic breakdown. But don't blame the regulators, he says: "Unfortunately, we live in a country that can be bought from the top down and the finance industry exploited the situation very successfully."