SEC Fines NYSE, 2 Affiliates $4.5 Million for Breaking Their Own Rules
“We will hold exchanges accountable if they fail to have rules governing their operations or fail to follow them,” said SEC's Andrew Ceresney.
SEC Charges Ex-BP Crisis Manager With Insider Trades After Deepwater Horizon Oil Spill
The employee, a senior responder during the 2010 Deepwater Horizon oil spill, traded on confidential information about the magnitude of the disaster, the SEC said.
Credit Suisse to Pay $196 Million to SEC Over Cross-Border Infractions
Credit Suisse relationship managers traveled to the U.S. to advise and solicit clients, collecting $82 million in fees, without registering with SEC.
SEC Levied Record $3.4B in Fines in 2013
But brokers and advisors were hit with fewer enforcement actions this year, the SEC says.
Pre-Crisis CDOs Haunt Merrill With $131.8M SEC Fine
Merrill Lynch failed to inform investors that a hedge fund firm shorting the CDOs had significant influence over the selection of their collateral.
SEC Busts Fifth Third Bank, CFO for Hiding Real Estate Loan Losses in 2008
In 2008, Fifth Third sold large pools of troubled real estate loans and improperly classified them, thereby hiding the losses, the SEC states.
SEC Uses First-of-Its-Kind Deferred Prosecution Agreement
Deal signals that "the agency will be pushing harder to proactively encourage people to come forward with evidence," lawyer Steve Crimmins says.
SEC Enforcement: RBS Securities to Pay $150M for Misleading Investors
Among other recent SEC actions was an emergency freeze order in a scheme involving phony investments in New Zealand dialysis clinics.
SEC Slaps 3 Advisors for Custody Violations
The SEC on Monday sanctioned three SEC-registered advisory firms for violating the custody rule.
SEC Crackdown Nabs 3 Advisors for Shoddy Compliance Programs
Sanctions came a day after SEC chief Mary Jo White said that the agency was going after advisors who ignored repeated warnings.