Financial Times: It is vital that we all work together, says SEC
“…Cox… became chairman of the Securities and Exchange Commission in August…”: “He highlighted US “scandals” at Enron, WorldCom, HealthSouth, Global Crossing, Qwest and Tyco. But he said they were not unique to the US, and noted “European frauds” at Vivendi, Royal Dutch Shell and Parmalat. “Cross-border collaboration in international enforcement is growing in importance because massive financial frauds by major market participants have rocked the global financial world,” he said.”
Friday 7 October 2005
By Andrew Parker in New York
Published: October 7 2005
The new head of the chief US financial watchdog yesterday pledged co-operation with overseas securities regulators to nurture investor confidence.
Christopher Cox, who became chairman of the Securities and Exchange Commission in August, said cross-border collaboration was perhaps most important in dealing with wrongdoing by companies and individuals.
His speech, to a conference of lawyers, was the first time Mr Cox had publicly addressed the international dimension of his work.
He stressed the common commitments of national financial regulators to “clear and transparent disclosure” by companies and “strong and swift enforcement”, and said they were continually developing a “common language”.
“It is absolutely vital that we do so, because serious collaboration is going to be necessary in addressing global investor confidence,” said Mr Cox.
He highlighted US “scandals” at Enron, WorldCom, HealthSouth, Global Crossing, Qwest and Tyco.
But he said they were not unique to the US, and noted “European frauds” at Vivendi, Royal Dutch Shell and Parmalat. “Cross-border collaboration in international enforcement is growing in importance because massive financial frauds by major market participants have rocked the global financial world,” he said.
Foreign companies with US share listings have complained about the 2002 Sarbanes-Oxley law on accounting and corporate governance because it imposes a raft of new and expensive rules on them. The SEC has introduced rules that complement the law, but Mr Cox said the watchdog had no interest in imposing different regulations to overseas regulators “just for the sake of being different”.
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
