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David Sirota: Stop private equity industry from looting the economy

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A few weeks ago, a top official at the Securities and Exchange Commission reported on what he called a "remarkable" amount of potentially illegal behavior in the private equity industry -- aka the industry that buys up, changes and sells off smaller companies. In its evaluation of private equity firms, the SEC official declared that half of all the reviews discovered "violations of law or material weaknesses in controls." The announcement followed an earlier Bloomberg ...

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