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Tag Archives: SEC

Robert Morgan settles SEC case


Rochester real estate developer Robert C. Morgan and the federal Securities and Exchange Commission have reached a settlement in the SEC’s lawsuit accusing Morgan of fraud. Morgan was charged in May 2019 with securities fraud for the way investor funds ...

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When Trump’s SEC punishes Wall Street, it’s often done quietly

Under President Donald Trump, a top financial regulator isn’t embarrassing Wall Street as much as it used to. Take TPG Capital — the private-equity behemoth co-founded by billionaire David Bonderman. For years, the Securities and Exchange Commission had been investigating ...

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Supreme Court skeptical about SEC’s powers of ‘disgorgement’

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 ...

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Wells Fargo discloses SEC investigation into sales practices

The highest court in Massachusetts ruled against U.S. Bancorp and Wells Fargo & Co. Friday in a pivotal mortgage foreclosure case that could impact nation’s largest banks. AP Images.

  The San Francisco-based bank has been under fire since it was discovered that in order to meet extremely lofty sales goals, employees opened as many as 2 million bank and credit card accounts without customer authorization. Wells Fargo has ...

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SEC opens door to startup investing for all


A new form of crowdfunding is coming soon that will allow startups to raise money by selling stock to Main Street investors. The Securities and Exchange Commission on Friday adopted rules implementing a 2012 law that opened the door to ...

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SEC examining ‘alternative’ mutual funds

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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SEC rejects fund’s request for bank disclosure

ALBANY — The Securities and Exchange Commission has rejected shareholder proposals from New York’s comptroller that would have asked two major banks to disclose which employees are capable of exposing them to major losses because of their portfolios and bonus ...

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SEC lifts ban on hedge fund advertising

WASHINGTON — For the first time, hedge funds will be allowed to advertise to the general public under a rule adopted Wednesday by federal regulators. The Securities and Exchange Commission voted 4-1 to lift a decades-old ban that prevents hedge ...

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White pledges ‘unrelenting’ enforcement at SEC

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 ...

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Ruling against SEC a win for defense bar

The five-year discovery clock starts ticking when fraud occurs, not when the government finds out about it, the U.S. Supreme Court has ruled for cases where the Securities and Exchange Commission seeks civil penalties, Gabelli v. Securities and Exchange Commission, ...

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