SEC
Get the latest news and insights on the Securities and Exchange Commission's' financial regulations (such as Regulation Best Interest), enforcement actions and related activities.
SEC Goes After Deutsche Telekom
By Marlene Y. SatterThe Securities and Exchange Commission sued Deutsche Telekom and its Hungarian telecommunications unit Magyar Telekom in federal court in Manhattan on Wednesday, alleging violations of the Foreign Corrupt Practices Act, which prohibits paying bribes to foreign officials. Three former officials of Magyar were also charged in a separate filing with...
December 28, 2011
SEC Wins Delay in Citigroup CaseThe Securities and Exchange Commission on Tuesday was granted a two-week delay in its securities fraud case against Citigroup as it seeks to have a judge's decision to toss its settlement with the bank reversed.
December 23, 2011
Another Judge Challenges SEC SettlementMilwaukee Judge Randas objections are reminiscent of Judge Rakoffs criticisms of the SECs settlement with Citigroup. Indeed, Randa cited Rakoff in his filing.
December 22, 2011
4 Key Areas SEC Examiners Will Scrutinize in 2012: GiachettiClient privacy, branch supervision and money manager due diligence top Tom Giachetti's compliance list. And make sure your CCO has real power and knowledge.
December 22, 2011
SEC Redefines ‘Accredited Investors’ Under Dodd-FrankValue of primary residence wont count toward net worth calculation required to invest in Reg D securities.
December 16, 2011
SEC to Get $136M Increase Under New Spending Bill for 2012Bipartisan deal to avert government shutdown includes $1.3 billion in funding for the SEC in 2012, but $25 million cut from Dodd-Frank reserve fund; extension of payroll tax cut still up in the air.
December 16, 2011
SEC Charges Ex-Fannie, Freddie CEOs with FraudThe Securities and Exchange Commission has brought civil fraud charges against six former top executives at Fannie Mae and Freddie Mac, saying they misled the government and taxpayers about risky subprime mortgages the mortgage giants held during the housing bust.
December 16, 2011
SEC Charges Ex-Fannie, Freddie CEOs with FraudThe Securities and Exchange Commission has brought civil fraud charges against six former top executives at Fannie Mae and Freddie Mac, saying they misled the government and taxpayers about risky subprime mortgages the mortgage giants held during the housing bust.