Update: Well, despite her misgivings, Ellen Segal Huvelle of the Federal District Court in DC has approved the $75 million settlement between Citigroup and the Securities and Exchange Commission, The New York Times reports.
That said, Huvelle made a few stipulations:But Judge Ellen Segal Huvelle of the Federal District Court for the District of Read More
The Securities and Exchange Commission will not misuse its newfound power to reject Freedom of Information Act requests, SEC chairman Mary Schapiro said today at a House of Representatives hearing.
A section of the Dodd-Frank financial reform bill signed by President Obama in July allows the SEC to turn down FOIA requests pertaining to Read More
Loathe to miss out on the chance to dispense some SEC-style justice, the U.K.’s Financial Services Authority today dished out a $27 million fine to Wall Street titan Goldman Sachs. Goldman’s crime? Failure to report this year’s SEC highly publicized if somewhat ineffectual investigation into its 2007 dealings in collateralized debt obligations.
Readers may Read More
