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 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 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.
A former Deloitte LLP executive will be suspended from practising as an accountant for two years after settling U.S. regulatory claims that he took thousands of dollars in markers while serving as an adviser on the firm’s audit of a casino gaming corporation.
Private-equity firms, after decades of operating with limited regulatory scrutiny, are facing possible sanctions and tighter oversight after the Securities and Exchange Commission uncovered improprieties at most firms.
The New York Stock Exchange and several affiliates will pay a $4.5 million penalty to settle civil charges over what the SEC says were repeated failures to comply with exchange rules and federal laws.