The Journal Record
March 19, 2010

Corrupt Culture Book Gets Another Shot: Chinese Reprint Enid Author’s Tome on Wall Street Corruption
By Kirby Lee Davis

Chinese publisher Shanghai University of Finance and Economics Press has reprinted a book on Wall Street corruption by Enid author Keith Schooley.

…His tome on the now-fallen brokerage proved one of six U.S. and European books translated and published as part of “The World Classics of Investment” series sponsored by China Universal Asset Management Co. Other reprints include The Great Crash 1929 by John Kenneth Galbraith, Understanding Wall Street by Jeffrey B. Little and The Bear Book: Survive and Profit in Ferocious Markets by John Rothchild….

“That was their work,” he said of the translation. “I just provided them with a copy of the original edition. They have their own team of processors that undertook the project and got the translation done.”

Originally released through Lakepointe Publishing, Schooley’s book tells corporate challenges he ran against working for Merrill Lynch…. “For the most part it shows a corrupt culture,” Schooley said. “Secondly, it shows the failure of the regulators. Thirdly, it shows the inherent conflict of interest in binding securities arbitration.”

Seven years of litigation followed, setting the groundwork for Schooley’s book….

Schooley has hired a scriptwriter to prepare a film treatment on his story, which he then intends to market. “The idea simply developed because I’ve had conversations with certain parties over the years and they had ideas that it would make a good film,” he said. “We’ll take it from there.”