January 6, 2012
S.E.C. Changes Policy on Companies’ Admission of Guilt
By EDWARD WYATT
WASHINGTON — The Securities and Exchange Commission said on Friday that it was making a major change in how it settles some securities fraud cases, telling co…
January 6, 2012
S.E.C. Changes Policy on Companies’ Admission of Guilt
By EDWARD WYATT
WASHINGTON — The Securities and Exchange Commission said on Friday that it was making a major change in how it settles some securities fraud cases, telling co…
Who is leading the charge to change the laws?
Illegal? Or beautifully designed to prevent criminal prosecutions?
Generations of of the best and brightest from the lawa schools made sure criminal prosecutions would fail…..
===========================…
Advisor Network|12/14/2011 @ 12:04PM
Hedge Fund Abuses Hurt All Investor
The reputation of the opaque and rarefied world of Wall Street hedge funds has been severely tarnished of late. .
Now we hear allegations that hedge fund managers have select,…
December 2, 2011
Few Avenues for Justice in the Case Against Citi
By JAMES B. STEWART
Is anyone going to be held legally accountable for the financial crisis? When the Securities and Exchange Commission announced recently that it was settling f…
Citigroup’s $285 Million Settlement Rejected (Update 1)
By Shanthi Bharatwaj 11/29/11 – 09:20 AM EST
(TheStreet) — A federal judge rejected a proposed $285 million settlement between Citigroup(C_) and the Securities and Exchange Commission over …
Bank of America Shareholders May Get Diluted, Again
Dan Freed
11/23/11 – 02:51 PM EST
NEW YORK (TheStreet) — Bank of America(BAC) shareholders can look forward to additional dilution in 2012 as the bank works to satisfy regulatory capital requirem…
October 29, 2011
Did You Hear the One About the Bankers?
By THOMAS L. FRIEDMAN
It doesn’t get any more immoral than this. As the Securities and Exchange Commission civil complaint noted, in 2007, Citigroup exercised “significant influence” ove…
Back when the Financial Crisis Inquiry Commission was doing its work, I would check in periodically with someone who worked there to find out how it was going.
“Good news!” my source would joke. “We got the guy who caused it.”
That is the way I …
Volcker Rule May Mostly ‘Go Up in Smoke,’ Goldman’s Levitt Says
October 13, 2011, 1:02 PM EDT
By Charles Mead and John Tucker
Oct. 13 (Bloomberg) — The Volcker rule, which would bar banks from trading for their own accounts, is likely to be p…