SEC Enforcement: 23 Firms Nailed in Short Selling Crackdown
The SEC brought charges against 23 firms for short selling prior to stock offerings and against a fake advisor for bilking clients.
JPMorgan to Pay $920 Million Penalty for London Whale Losses
JPMorgan Chase has agreed to pay $920 million to settle charges brought in a coordinated global settlement.
SEC Names Jarcho Associate Exam Director for Advisors
She will oversee a staff of 450 lawyers, accountants and examiners responsible for inspections of U.S.-registered advisors
Hedge Fund Manager Falcone Agrees to Pay $18M to SEC, Admits Wrongdoing
Hedge fund manager Philip Falcone and his advisory firm, Harbinger Capital Partners, settled their fraud case with the SEC on Monday...
SEC, DOJ Sue BofA Over Mortgage-Backed Securities
The two lawsuits entail about $850 million of RMBS sales in 2008 that led to losses of some $120 million, regulators estimate.
UBS to Pay SEC $50M for Misrepresenting CDO
The SEC said that the head of the U.S. CDO group at UBS stated, “Let’s see how much money we can draw out of the deal.”
SEC Charges SAC Capital’s Cohen
The SEC on Friday charged hedge fund advisor Steven Cohen, founder of SAC Capital Advisors, with failing to prevent two portfolio managers from insider trading.
SEC’s Structured Products Chief to Exit
The SEC announced Tuesday that Kenneth Lench, chief of the Enforcement Division’s Structured and New Products Unit, will leave the agency for the private sector at the end of July.
SEC Names Asset Management Enforcement Co-Chiefs, Legislative Director
Julie Riewe, Marshall Sprung to jointly run unit in enforcement division, while Timothy Henseler will direct Office of Legislative and Intergovernmental Affairs.
Former SEC Compliance Chief Tells White: Stop Suing Compliance Officers
John Walsh gave new SEC Chairwoman Mary Jo White some blunt advice: stop suing compliance officers “or the future of the profession may be at risk.”