The Securities and Exchange Commission has charged Jefferies with failing to supervise employees on its mortgage-backed securities desk who were lying to customers about pricing.
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.
Blackstone Group chief Steve Schwarzman received $374.5m last year in pay and cash dividends, an increase of 76% from 2012, as the world’s biggest alternative-asset manager took advantage of rising equity markets to sell shares of companies.
US regulators have begun looking into whether major Wall Street firms, including Goldman Sachs and Citigroup, have favoured top investors over others in the sale of bonds for some of the world’s largest companies.
A study suggests that some SEC employees engaged in insider trading in companies that became subjects of agency scrutiny, The Washington Post reports.
State Street have said the U.S. Securities and Exchange Commission and U.S. Attorney’s offices are conducting separate investigations into claims that it overcharged clients in the U.K.
The Securities and Exchange Commission has announced charges against Credit Suisse Group for violating the federal securities laws by providing cross-border brokerage and investment advisory services to U.S. clients without first registering with the SEC.
The Securities and Exchange Commission has announced an emergency action against a New York City-based investment banker charged with insider trading for nearly $1m in illicit profits.
Citigroup boosted CEO Michael Corbat’s compensation 25% to about $14.4m for 2013, his first full year running the company.
JPMorgan revised its gauge of market gains and losses to incorporate new regulatory requirements, resulting in a jump in the frequency of losses last year.
The Securities and Exchange Commission has announced that Michael F. Maloney has been named the new chief accountant in the SEC’s Division of Enforcement.
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.