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Letting the Banking Rats Out of the Bag

Robert Scheer | Posted 09.11.2009 | Business

Read More: Tarp, Robert Scheer, Treasury Department, TARP Money, Merrill Lynch Bonuses, Economy, Merrill Lynch Buyout, Bank of America, Obama Administration, BofA Bonuses, Bofa, Judge Jed Rakoff, BofA CEO, Merrill Lynch, Wall Street, Merrill BofA, Merrill Lynch Bank of America, Sec, Securities and Exchange Commission, Wall Street Bonuses, Business News
Robert Scheer

Why has it been left to one stellar judge to sound the alarm on Bank of America and Merrill Lynch, and why is Congress and the Obama administration looking the other way?

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Ex-AIG CEO Greenberg Pays $15 Million To Settle SEC Fraud Charges

AP | Stephen Bernard, AP Business Writer | Posted 09.06.2009 | Business

Read More: Aig, Sec, Hank Greenberg, Business News

NEW YORK (AP) -- The Securities and Exchange Commission said Thursday that former American International Group Inc. CEO Maurice "Hank" Greenberg agree...

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Wall Street Is Right -- This Time

John Standerfer | Posted 09.05.2009 | Business

Read More: High-Frequency Trading, Chuck Schumer, Flash Orders, Stock Market, Short Selling Ban, Paul Krugman, Sec, Short Selling, Charles Schumer, Flash-Orders, Wall Street, Business News
John Standerfer

In this post-Madoff environment, where the SEC needs all the credibility it can muster, it's critical that the agency not provide a knee-jerk response to every whim of the media and politicians.

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Financial Reforms: Is Europe Hypocritical?

Georges Ugeux | Posted 09.05.2009 | Business

Read More: Financial Regulatory Institutions, London, G20 Summit, Regulatory System, European Parliament, G20 CommuniquéS, Hedge Funds, Ratings Agencies, Stimulus Package, President Sarkozy, Prime Minister Gordon Brown, Wall Street, Tax Havens, Short Sales, " Council of Ministers, European Central Bank, Stress Tests, TARP Money, European Union, United States, Credit Cards, Oecd, France, Transparency, European Summit, German Chancellor Angela Merkel, Regulations on Compensation, Regulatory Reform, Sec, “Locusts”, President George W. Bush, Business News
Georges Ugeux

European bank losses were as high as the U.S. They used the same compensation system, and their fragmented and ineffective regulatory system shares responsibility for the crisis.

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SEC Moves Closer To Banning Flash Orders

AP | STEPHEN BERNARD | Posted 09.03.2009 | Business

Read More: High-Frequency Trading, Sec, Flash Orders, Mary Schapiro, Securities and Exchange Commission, Nasdaq, Business News

NEW YORK — The Securities and Exchange Commission is moving toward banning a trading practice that gives some brokerages a split-second advantag...

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Bank Of America Settles With SEC For $33M Over Merrill Deal

AP | Posted 09.03.2009 | Business

Read More: Merrill Lynch, Sec, Bank of America, Ken Lewis, Merrill Lynch Bank of America, Business News

WASHINGTON (AP) -- Bank of America has agreed to pay a $33 million penalty to settle government charges that it misled investors about Merrill Lynch's...

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SEC Acted Properly In Stanford Investigation: Watchdog

AP | MARCY GORDON | Posted 08.29.2009 | Business

Read More: Sec, Stanford Financial, R. Allen Stanford, Inspector General David Kotz, Stanford, Securities and Exchange Commission, Mary Schapiro, Business News

WASHINGTON — The Securities and Exchange Commission had been actively investigating the banking business of billionaire R. Allen Stanford for mo...

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Information Asymmetries Part 1

Leslie Pratch, Ph.D. | Posted 08.25.2009 | Business

Read More: Transparency, Sec, Economic Stimulus Package, Credit Cards, Subprime Mortgages, Accounting, Business News
Leslie Pratch, Ph.D.

If parties are not mutually and equally well informed, those with more information are likely to wind up with all of the wealth and those with less information will wind up with none of the wealth.

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SEC, FDIC Say Council Should Be Supercop, Not Fed

AP | MARCY GORDON | Posted 08.23.2009 | Business

Read More: Fdic, Fed-Supercop, Sec, Barack Obama, Mary Schapiro, Sheila Bair, Federal Reserve, Business News

WASHINGTON — Key regulators on Thursday broke with the Obama administration, reaffirming their belief that some new powers to monitor big instit...

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SEC Orders Ex-CEO To Return Pay

Wall Street Journal | By PHRED DVORAK | Posted 08.22.2009 | Business

Read More: CSK Auto Corp., Sec, Sec Executive Compensation, Maynard L. Jenkins, Ex-CEO Returns Pay, Business News

The Securities and Exchange Commission for the first time Wednesday ordered an executive to return compensation awarded during years the company misst...

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SEC's 'Wish List': 42 Changes The Regulator Wants

foxbusiness.com | Rich Edson | Posted 08.16.2009 | Business

Read More: Mary Schaprio, Sec, Financial Reform, Securities Exchange Comission, Bank Reform, Business News

The Securities and Exchange Commission has sent a "wish list" to Capitol Hill of 42 changes it would like made to federal securities law. This list, ...

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Policymakers Would Be "Wise To Let This Pecora Part 2 Get On With Its Mission"

The New York Times | Rob Cox and Richard Beales | Posted 08.15.2009 | Business

Read More: Sec, Securities and Exchange Commission, New Pecora Commission, SEC Reform, Pecora Commision, Business News

It's too early for a Securities and Exchange Commission Preservation Society. Yet that seems top of the agenda for the Investors' Working Group, an in...

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Ryan Grim

SEC Chair Floats Ratings Agency Crackdown

HuffingtonPost.com | Ryan Grim | Posted 08.14.2009 | Business

Read More: Sec, Rating Shopping, Ratings Agencies, S&P, SEC Chairman, Mary Schapiro, Moody's, Business News

The Securities and Exchange Commission chair Mary Schapiro floated the possibility of cracking down on a particularly egregious Wall Street habit at a...

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SEC Investigating Apple's Disclosures On Steve Jobs' Health

Bloomberg | Connie Guglielmo, David Scheer and Karen Gullo | Posted 08.08.2009 | Business

Read More: Steve Jobs, Sec, Apple, Steve Jobs Health, Apple Steve Jobs, Business News

Apple Inc.'s disclosures about Steve Jobs's health remain under scrutiny by U.S. Securities and Exchange Commission investigators over how his conditi...

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SEC Pushed To Reward Whistleblowers With Cash

ft.com | Joanna Chung in New York | Posted 08.01.2009 | Business

Read More: Whistleblowers, Sec, Cash for Whistleblowers, Madoff, Enron, Business News

Regulators should pay whistleblowers for information about frauds, according to an official investigating the US Securities and Exchange Commission's ...

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Executive Compensation Transparency: SEC Unanimously Votes For New Rules

AP | DANIEL WAGNER | Posted 08.01.2009 | Business

Read More: Sec Executive Pay Rules, Sec, Sec Executive Compensation, Executive Compensation, Business News

WASHINGTON — The Securities and Exchange Commission on Wednesday unanimously approved rules requiring greater transparency for executive compens...

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The Root of Madoff's Evil

Robert Scheer | Posted 08.01.2009 | Business

Read More: Robert Rubin, Wall Street, Hedge Funds, Economy, Economic Crisis, Deregulation, Regulation, Bernard Madoff, Sec, Business News
Robert Scheer

How convenient for the judge and the media to paint Bernard Madoff as Mr. Evil, a uniquely venal blight on an otherwise responsible financial industry in which money is handled honestly and with transparency.

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Losing Bernie

Laura Stein | Posted 07.31.2009 | Business

Read More: Eric Konigsberg, Frank DiPascali Madoff, Bernard Madoff, Clawbacks, Bernie Madoff, Judge Chin, Hurricane Katrina, Sec, Harry Markopolos, Business News
Laura Stein

I've spent surprisingly little time since December 11, 2008, thinking about the man who caused my husband, me, and so many others such pain.

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Navigating Through Madoff-Land

Laura Stein | Posted 07.30.2009 | New York

Read More: Us-Treasuries, Montauk, Hamptons, Avelino and Bienes, Nasdaq, Bernard Madoff, Sec, Bloomingdales Eat Healthy Diet, Sipc, New York News
Laura Stein

Only months before Madoff was arrested, my husband and I moved the last of our investments over to him, having been investors for 21 years. What I couldn't have imagined is how lucky we would turn out to be.

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The Madoff Twelve

Norb Vonnegut | Posted 07.24.2009 | Home

Read More: Ponzi, Sec, Top Producer, Private Wealth Management, Madoff, Financial Scandal, Norb Vonnegut, Acrimoney, Home News
Norb Vonnegut

Ira Sorkin, defense attorney for Bernard Madoff, requested his client's sentence be limited to twelve years. He cited Madoff's age and thirteen-year l...

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Madoff Scandal: SEC Charges Cohmad Securities, Chais With Fraud

AP | MARCY GORDON | Posted 07.23.2009 | Business

Read More: Maurice "Sonny" Cohn, Madoff, Cohmad Securities, Madoff Feeder Funds, Stanley Chais, Bernard Madoff, Sec, Madoff Scandal, Business News

WASHINGTON — Federal regulators filed securities fraud charges Monday against a prominent California investment adviser and a New York brokerage fir...

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Jeff Muskus

Congress Considering Banning Some TARP Execs From Public Companies

HuffingtonPost.com | Jeff Muskus | Posted 07.20.2009 | Business

Read More: Tarp, Jon Cuneo, Countrywide, Nell Minow, Lifetime Ban, Barney Frank, Financial Crisis, Sec, Alan Grayson, Harvey Pitt, Securities and Exchange Commission, John Coffee, Accountability, Business News

The White House unveiled the outlines of its new ground rules for the financial game Wednesday, but seemed resigned to leave the same failed players o...

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Madoff Scald: SEC Inspector-General Meets With Fraudster

Jun. 18, 2009 | Posted 07.19.2009 | Business

Read More: David Kotz, Sec, SEC Inspector-General, Madoff, Ponzi Scheme, Bernard Madoff, Securities Exchange Commission, Madoff Scandal, Business News

NEW YORK (CNN) -- Admitted fraudster Bernard Madoff, the mastermind of history's biggest Ponzi scheme, had a three-hour meeting with the Securities an...

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Madoff: The Three Amigos

Norb Vonnegut | Posted 07.18.2009 | Business

Read More: Ponzi, Sec, Top Producer, Private Wealth Management, Madoff, Norb Vonnegut, Acrimoney, Clawbacks, Business News
Norb Vonnegut

What do Bernie Madoff, Ahmed Ghailani, and a captured Somali pirate have in common? They're all locked in the same New York prison.

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Is the SEC Awake?

Norb Vonnegut | Posted 07.18.2009 | Business

Read More: Ponzi, Sec, Top Producer, Financial Scandals, Madoff, Norb Vonnegut, Acrimoney, Business News
Norb Vonnegut

The Securities and Exchange Commission barred Bernard Madoff from the securities business. We all feel safer now? Yeah, right.

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