Northern Trust said it received a subpoena from the U.S. Securities and Exchange Commission in April related to the bank’s securities lending activities.
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.
That's around $127,000 a day!
JPMorgan CEO Jamie Dimon’s total compensation tumbled 37% to $11.8m in 2013, regulatory filings released on Wednesday reveal, as the largest U.S. bank by assets grappled with a myriad of regulatory headaches.
Computing multinational Hewlett-Packard (HP) is to pay US regulators $108m to settle a corruption scandal involving employees at subsidiaries in three countries, who were charged with bribing government officials to win and retain lucrative public contracts.
A trial attorney from the Securities and Exchange Commission said his bosses were too 'tentative and fearful' to bring many Wall Street leaders to heel after the 2008 credit crisis, echoing the regulator’s outside critics.
A majority of private-equity firms inflate fees and expenses charged to companies in which they hold stakes, according to an internal review by the U.S. Securities and Exchange Commission, raising the prospect of a wave of sanctions by the agency.
Just as Citigroup was putting a troubled past of taxpayer bailouts and risky investments behind it, the bank now finds itself in the government’s cross hairs again.
The U.S. Securities and Exchange Commission will examine the exposure of stock exchanges, brokerages and other Wall Street firms to cyber-attacks that have been called a threat to financial stability.
Steve Cohen is mulling an out-of-court resolution to a parallel SEC case in which he himself is the defendant, according to people familiar with the matter.
Short-sellers and stock promoters have puzzled for years over who operated one of the largest penny-stock websites. A U.S. lawsuit points to a Bugatti-driving 26-year-old from Montreal.
The US financial regulator will attempt to prove it can win high-profile cases related to the credit crunch this week when a former Goldman Sachs trader nicknamed "Fabulous Fab" goes on trial.
Lehman Brothers Holdings is seeking court permission to question the JPMorgan trader known as the 'London Whale' in connection with its $8.6bn lawsuit accusing the largest U.S. bank of driving it into bankruptcy.