Securities Exchange Commission

Too Big to Fail and the Volcker Rule

Ted Kaufman | Posted 05.05.2012

Read More: Wall Street Reform, Dodd-Frank Act, Securities Exchange Commission, Volcker Rule, Glass Steagall, Bank Reform, Banking Reform, Too Big to Fail, Politics News
Ted Kaufman

Universal agreement on a goal -- no possibility of a future bank bailout -- doesn't necessarily mean that goal will be achieved. Our major banks are still too big to fail.

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OWS Meets Citizens United

Ciara Torres-Spelliscy | Posted 12.18.2011

Read More: Transparency, Ows, Sec, Shareholder Protection Act, Securities Exchange Commission, Money in Politics, Citizens United, DISCLOSE Act, #Occupywallstreet, Campaign Finance, Politics News
Ciara Torres-Spelliscy

My sign read, "I'm a campaign finance lawyer. Ask me about Citizens United + its solutions." I was there for 2.5 hours. Every few minutes someone would sheepishly come up and ask, "ok, what's Citizens United?"

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Congress and the SEC's Starvation Diet

Bevis Longstreth | Posted 05.25.2011

Read More: Financial Regulatory Reform, Regulation, Securities Exchange Commission, Sec, Financial Regulation, Business News
Bevis Longstreth

It ill serves the public welfare for a governmental entity to pretend to be protecting the public when, in fact, it cannot do so because it is so egregiously underfunded and unsupported.

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Former IndyMac Execs Charged With Fraud By SEC

AP | MARCY GORDON | Posted 05.25.2011

Read More: IndyMac SEC, Blair Abernathy, Securities Exchange Commission, Michael Perry, Scott Keys, IndyMac Fraud, Business News

WASHINGTON — Federal regulators filed civil fraud charges Friday against three former executives of the parent of IndyMac Bank, accusing them of mis...

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Merrill Paying Millions To Settle SEC Fraud Charges

The Huffington Post | Lila Shapiro | Posted 05.25.2011

Read More: Merrill Lynch SEC Charges, Merrill Lynch, Securities Exchange Commission, Merrill Lynch Settlement, Merrill Lynch Fraud Charges, Business News, Business News

Without admitting or denying any wrongdoing, Bank of America Corp.'s Merrill Lynch unit has agreed to pay $10 million to settle the Securities and Exc...

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2 Schwab Units Paying $118.9M In SEC Settlement

AP | MARCY GORDON | Posted 05.25.2011

Read More: Schwab SEC Settlement, Charles Schwab Corp, Securities Exchange Commission, YieldPlus Fund, Business News, Business News

WASHINGTON — Charles Schwab Corp. on Tuesday agreed to pay $118.9 million to settle regulators' civil charges over disclosure of the risks of a ...

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Top SEC Official Probed For Role In Citi Settlement

Bloomberg | Joshua Gallu | Posted 05.25.2011

Read More: Robert Khuzami Citibank, Robert Khuzami Sec, Robert Khuzami, Citibank, Khuzami Citibank, Banks, Securities Exchange Commission, Sec, Business News

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Why Corporate Counsel Must Implement Stringent Corporate Anti-Corruption Policies in 2011

Ben Kerschberg | Posted 05.25.2011

Read More: Arlen Specter, Corporate Counsel, Bribery, Anti-Corruption, Ben Kerschberg, Foreign Corrupt Practices Act, UK Bribery Act, UK Ministry of Justice, Consero, Department of Justice, Securities Exchange Commission, Business News
Ben Kerschberg

As we turn the corner into the new year, corporate counsel need to identify important legal issues facing their companies in 2011.

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Ex-'Car Czar' Reportedly Close To Settlement On Pay-To-Play Scandal

AP | MARCY GORDON | Posted 05.25.2011

Read More: Quadrangle Group, Car Czar, Securities Exchange Commission, Pay to Play, Sec, Steven Rattner, Rattner SEC Settlement, Business News

WASHINGTON — The Securities and Exchange Commission on Thursday postponed a vote to settle a case with the Obama administration's former auto in...

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SEC Cleared On Timing Of Goldman Lawsuit, But Agency Tried To Maximize Press

AP | MARCY GORDON and DANIEL WAGNER | Posted 05.25.2011

Read More: David Kotz, Sec Goldman Settlement, Goldman SEC Case, Andrew Cuomo, Sec Goldman, Sec Goldman Lawsuit, Securities Exchange Commission, Goldman Fraud Case, Business News

WASHINGTON — The watchdog of the Securities and Exchange Commission has found no hard evidence that the SEC timed the announcement of its fraud case...

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The Crowdfunding Revolution Will Democratize Venture Investing

Kevin Lawton | Posted 05.25.2011

Read More: Investing, Gender Equality, Securities Exchange Commission, Indiegogo, Crowdfunding, Venture Capitalists, Kickstarter, Lending Club, Sec, Zopa, Profounder, Venture Capital, Small Business America, Business News
Kevin Lawton

It's no secret that venture capital and angel investing is 'clubby,' dominated mostly by middle-aged men. According to a 2007 study of angel investo...

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How Former SEC Chairman Levitt "Ducked" on Financial Regulation (videos)

Iris Mack | Posted 05.25.2011

Read More: Regulatory Bodies, Sec, PBS Frontline's Documentary, Regulatory Policy, Larry Summers, Securities Exchange Commission, Congress, Working Group on Financial Markets, The Warning, OTC Derivatives Market, Brooksley Born, Goldman Sachs, Treasury Secretary Robert Rubin, Chairman Arthur Levitt, Dodd-Frank Financial Legislation, The Street, Financial Crisis, Alan Greenspan, Fed Chairman Alan Greenspan, President Clinton, Financial Regulation, Bob Rubin, Business News
Iris Mack

Congress "ducked" on financial regulation, neglecting to solve the problems that caused the financial crisis, former SEC chairman Arthur Levitt said. ...

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SEC Looking Into Possible BP Securities Violations

AP | By PETE YOST | Posted 05.25.2011

Read More: Deepwater Horizon, Securities Exchange Commission, British Petroleum, Bp Security, Gulf Oil Spill, Bp Sec, Mms, Business News

WASHINGTON -- BP says the Securities and Exchange Commission and the Justice Department are conducting informal inquiries into securities matters aris...

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Goldman Sachs Preparing Point-By-Point Defense Of SEC's Charges

CNBC | John Carney | Posted 05.25.2011

Read More: Goldman Sachs, Goldman Sachs Fraud, John Carney, Wall Street, Goldman Sachs Lawsuit, Banks, Goldman Sachs Defense, Securities Exchange Commission, Sec, Business News

Goldman Sachs is preparing to file a full-blown, point-by-point defense against the fraud allegations filed by the Securities and Exchange Commission,...

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After Goldman Give Up, Why Would Wall Street Be Scared of SEC?

Don McNay | Posted 05.25.2011

Read More: Goldman Sachs, Sec, Wall Street, Move Your Money, Main Street, Kentucky, Personal Finance, Don McNay, Securities Exchange Commission, Millon Dollar Round Table, Wall Street Bonuses, Son of a Son of a Gambler, Business News
Don McNay

My father was a professional gambler and used to carry a roll of money that he called "walking around" money. Walking around money is what the SEC settled for in the Goldman Sachs case today.

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Levitt, Breeden, Ex-SEC Chiefs: The Financial Reform Bill WOULDN'T Have Stopped The 2008 Crisis

bloomberg.com | Jesse Westbrook and Otis Bilodeau | Posted 05.25.2011

Read More: Securities Exchange Commission, Sec, Richard Breeden, Arthur Levitt, Business News

une 16 (Bloomberg) -- Congress's proposed overhaul of U.S. bank regulation wouldn't have averted the 2008 financial crisis and does too little to prev...

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The SEC Wants To Know How Hedge Funds Are Using Deriavtives

AP | Posted 05.25.2011

Read More: Mutual Funds, The Financial Fix, Hedge Funds, Derivatives, Mary Schapiro, Sec, Securities Exchange Commission, Etfs, Andrew Donohue, Business News

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SEC's Tougher Financial Regulations Have Been Stalled For More Than A Year

washingtonpost.com | Zachary A. Goldfarb | Posted 05.25.2011

Read More: Wall Street, Financial Reform, Mary Schapiro, Sec, Securities Exchange Commission, Short Selling, Financial Regulation, Short Selling Limits, Business News

But more than a year after Schapiro took office, the SEC has not yet written into the Wall Street rulebook the short-selling limits -- or most of the ...

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Robert Khuzami: SEC Prosecutor Wall Street's Latest Enforcer

Posted 05.25.2011

Read More: Robert Khuzami, Securities Exchange Commission, Sec, Raj Rajaratnam, Business News

Wall Street's wrongdoers may have officially met their match. After less than six months on the job, Robert Khuzami, the newly appointed top prosecuto...

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Bradd Morrice, Patti Dodge And David Kenneally, Ex-New Century Execs, Charged With Misleading Investors By SEC

AP | MARCY GORDON | Posted 05.25.2011

Read More: Subprime Mortgage Fraud, Patti Dodge, New Century, Brad Morice, New Century Fraud, Sec, Securities Exchange Commission, Brad Kenneally, Business News

WASHINGTON — Federal regulators on Monday accused three former top executives of collapsed mortgage lender New Century Financial Corp. of fraud,...

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Goldman Sachs Seizing Homes Subprime Mortgages Bought

McClatchy | Greg Gordon | Posted 05.25.2011

Read More: Mtglq, Cases, Hank Paulson, Lawsuits, Middle Class, Suits, Goldman Sachs Subsidiaries, Housing Crisis, Working Class, Goldman Sachs, Judge Roger Efremsky, Lenders, Home Prices, Foreclosure, Subprime, Repossession, Roger Efremsky, Ge, Mortgage Brokers, Mortgage Crisis, Homeowners, Securities Exchange Commission, WMC Mortgage Corp, Judge William Aslup, Wall Street, GE Money, Wiliam Aslup, Henry Paulson, Banks, Sec, Subsidiaries, Business News

Goldman spent years buying hundreds of thousands of subprime mortgages, many of them from some of the more unsavory lenders in the business, and packa...

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Barry Rithotlz: Giving The SEC Teeth

The Big Picture | Posted 05.25.2011

Read More: Barry Rithholtz, David Kotz, The Big Picture, Wall Street, Financial Reform, Financial Crisis, Securities Exchange Commission, Sec, Business News

By Barry Ritholtz Note: this post also appeared on Ritholtz's blog, The Big Picture. The problems at the SEC were decades in the making. The a...

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In Testimony, Moody's Exec Denies Claims Of Inflated Ratings

AP | MARCY GORDON | Posted 05.25.2011

Read More: Edolphus Towns, Moody's Congressional Hearing, Sec, Eric-Kolchinsky, Securities Exchange Commission, Credti Rating Agencies, Eric Cantor, Moody's, Business News

WASHINGTON — A key House lawmaker wants to make credit rating agencies – widely criticized for failing to give investors adequate warning ...

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FINALLY: SEC Proposed New Rules For Credit Rating Agencies

AP | MARCY GORDON | Posted 05.25.2011

Read More: Sec, Flash Trading, Hedge Funds, Mary Schapiro, Flash Stock Orders, Flash Orders, Securities Exchange Commission, Flash Orders Ban, Business News

WASHINGTON — Regulators on Thursday proposed rules designed to stem conflicts of interest and provide more transparency for credit rating compan...

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Judge Overturns Bank Of America-SEC Settlement Over Merrill Bonuses

AP | STEPHEN BERNARD | Posted 05.25.2011

Read More: Merrill Lynch, Bank of America, Bofa-Merrill-Lynch-Bonuses, Sec, Securities Exchange Commission, Bofa, Jed-S-Rakoff, Business News

NEW YORK — A federal judge on Monday rejected a $33 million settlement between the Securities and Exchange Commission and Bank of America Corp.,...

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