Goldman Sachs Agrees to Pay $12 Million for Pay-to-Play Violations
SEC says Goldman fine is the biggest it has levied for MSRB pay-to-play violations, this one involving undisclosed contributions to a political candidate a Goldman banker was soliciting for business.
SEC Fines NYSE for Giving Proprietary Customers Head Start on Market Data
NYSE Euronext agreed to a $5 million penalty for sending market data to proprietary customers' feeds before broadcasting it publicly, becoming the first exchange to pay an SEC fine.
Is SEC Really Too Cozy With Wall Street?
Revelations of the close ties between a former SEC commissioner and key SEC policymakers are reviving questions about a so-called “revolving door” in which the lure of future high-paying jobs may improperly influence government decisions.
SEC Hands Out First Whistleblower Award
The SEC announced Tuesday that it has given its first whistleblower award to an individual who helped the agency stop a multimillion-dollar fraud.
SEC Charges Falcone, Harbinger Capital With Fraud
The charges "read like the final exam in a graduate school course in how to operate a hedge fund unlawfully," the agency says.
SEC Budget Stretched as More Execs Fight Lawsuits
Executives are “calling their bluff,” and the agency is struggling with a surge of companies willing to defend themselves.
SEC Names Canellos Deputy Director of Enforcement
The SEC has appointed George Canellos, the current director of its New York regional office, as deputy director of the Division of Enforcement.
SEC Charges OptionsXpress in Naked Short Selling Scheme
The SEC on Monday charged the Schwab-owned online options firm optionsXpress, as well as four officials at the firm and a customer, in an alleged abusive naked short selling scheme.
New York Appeals Court Gives SEC-Citigroup Deal New Life
A federal appeals court said Judge Rakoff likely overstepped his authority when he blocked the SEC's $285 million settlement with Citi over toxic mortgage securities.
Brookstreet CEO Fined $10 Million for Selling Risky CMOs to Seniors
A federal judge has ordered the former CEO of Brookstreet Securities to pay a $10 million penalty for selling risky and illiquid collateralized mortgage obligations to seniors during the financial crisis.