The Securities and Exchange Commission has charged a Citigroup business unit operating an alternative trading system (ATS) with failing to protect the confidential trading data of its subscribers.
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.
The U.S. Securities and Exchange Commission said on Thursday it had charged Morgan Stanley with misleading investors about two mortgage-backed securities it issued before the 2008 financial crisis, and that the bank would pay $275m to settle the case, according to a press release.
The Securities and Exchange Commission has charged Ernst & Young LLP with violations of auditor independence rules that require firms to maintain their objectivity and impartiality with clients.
Royal Bank of Scotland was asked by investors suing over losses from a 2008 share sale to disclose details of probes by U.K. and U.S. regulators into its near-collapse and $78bn bailout.
The Securities and Exchange Commission have announced that James McNamara has been selected as the deputy chief human capital officer in its Office of Human Resources.
BlackRock, the world’s biggest money manager, said regulators are considering filing action against the firm over a former money manager who used BlackRock funds to invest in a company with which he had financial ties.
A day before he is scheduled to begin serving a two-year prison sentence for insider trading, former Goldman Sachs director Rajat Gupta asked a federal appeals court to reduce a $13.9m civil penalty and shorten his lifetime ban from serving as an officer of a public company.
The Securities and Exchange Commission has sounded a warning to Wall Street and corporate America, taking aim at a hedge fund not only for improper trading - but for punishing the employee who blew the whistle on the wrongdoing.
A federal appeals court has thrown out a controversial 2011 ruling by a judge who refused to approve a $285bn settlement between Citigroup and the Securities and Exchange Commission, saying the deal 'failed to address the public interest'.
Fabrice Tourre, the former Goldman Sachs vice president found liable for his part in selling a pre-crisis mortgage security that lost value, said he won’t file an appeal in the civil case.