WASHINGTON — The Supreme Court indicated Tuesday that the federal government does not have the wide power it claims in pursuing the ill-gotten profits of fraudulent behavior. Justices across the board were at least skeptical of the Securities and Exchange ...Read More »
WASHINGTON — Two major global banks, Barclays and Credit Suisse, are paying a combined $154.3 million to settle government investigations that they misled clients about being able to safely trade on their “dark pool” financial exchanges. The banks left their ...Read More »
Federal regulators are scrutinizing a type of mutual fund that’s potentially riskier than conventional funds and is growing in popularity, prompting concerns over possible harm to ordinary investors. The Securities and Exchange Commission has disclosed that it’s conducting a “national ...
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U.S. Court of Appeals for the Second Circuit SEC Barring Officer or Director of Public Company — Patel Factors SEC v. Bankosky 12-2943-cv Judges Walker, Chin and Restani Background: The SEC accused the defendant of engaging in insider trading in ...Read More »
WASHINGTON — Mary Jo White vowed Tuesday to make “bold and unrelenting” enforcement of Wall Street a high priority if she is confirmed chairman of the Securities and Exchange Commission. White, a former federal prosecutor, says investors need to know ...Read More »
WASHINGTON — The U.S. Supreme Court will decide how long the Securities and Exchange Commission can wait before suing fund executives for securities fraud. The high court on Tuesday agreed to hear an appeal from Gabelli Funds LLC executives Bruce ...Read More »