Sec Building

The U.S. Securities and Exchange Commission (SEC) is a federal agency. It holds primary responsibility for enforcing the federal securities laws and regulating the securities industry, the nation's stock and options exchanges, and other electronic securities markets in the United States. The mission of the U.S. Securities and Exchange Commission is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation.

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HSBC fined over Swiss private bank

Money On Hook

HSBC will pay $12.5m to resolve charges that its Swiss private banking unit illegally offered services to U.S. clients without being properly registered, the U.S. Securities and Exchange Commission said on Tuesday.

SEC resolves Bank of America impasse

Bank Of America Corner Signs

The U.S. Securities and Exchange Commission resolved an impasse over punishing Bank of America in a mortgage-bond case, clearing the way for the lender to complete a $16.7bn global settlement, people familiar with the matter said.

FINRA fines Merrill Lynch $6m

Wall Street Bull

The Financial Industry Regulatory Authority (FINRA) has announced that it has censured and fined Merrill Lynch Professional Clearing (Merrill Lynch PRO) $3.5m for violating Regulation SHO, an SEC rule that established a regulatory framework to govern short sales and prevent abusive naked short selling.

SEC whistleblower will receive $30m award

Blowing Whistle

An anonymous tipster living abroad will be receiving more than $30 million, in the largest whistleblower award ever doled out by U.S. securities regulators as part of a program that aims to incentivize insiders to report wrongdoing.

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