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Market Cop Archive: SEC

Grassley calls SEC response on alleged retaliation 'extremely disturbing'

Sen. Charles Grassley is calling into question the Securities and Exchange Commission's response to allegations that top officials in the Fort Worth office retaliated against employees who raised concerns about an agency examination program that was later abandoned. Grassley (Iowa), the ranking Republican on the Senate Finance Committee, has asked for a briefing from top SEC officials about the treatment of two employees in the Fort Worth office.

By Zachary Goldfarb  |  August 30, 2010; 2:59 PM ET  |  Permalink  |  Comments (3)
Categories:  SEC  
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Quick takes: Countrywide, Intel and SEC cooperation deals

Notes on the SEC and Countrywide and the FTC and Intel.

By Zach Goldfarb  |  August 4, 2010; 2:17 PM ET  |  Permalink  |  Comments (0)
Categories:  SEC  
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Quick takes: Insider trading at BP, Citigroup and Maxine Waters

"U.S. securities regulators are investigating whether people may have illegally profited from trading on nonpublic information at BP Plc in the weeks and months following the disastrous Gulf of Mexico oil spill, two sources familiar with the investigation said on Monday. The U.S. Securities and Exchange Commission is also investigating whether BP properly disclosed information on risks related to its deepwater oil operations in the Gulf of Mexico, one of the sources said."

By Zach Goldfarb  |  August 3, 2010; 10:17 AM ET  |  Permalink  |  Comments (2)
Categories:  SEC  
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Citigroup to pay $75 million to settle SEC charges it misled investors over subprime investments

Citigroup, one of the nation's largest banks, agreed Thursday to pay $75 million to settle a Securities and Exchange Commission complaint that it misled investors about $40 billion of its holdings in sub-prime mortgage investments that sent the bank...

By Zachary Goldfarb  |  July 29, 2010; 2:11 PM ET  |  Permalink  |  Comments (27)
Categories:  SEC  
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Does new financial law block FOIA requests at SEC?

Fox is trying to get documents from the SEC related to why the agency failed to catch the Bernard Madoff and R. Allen Stanford frauds. These failures cost thousands of investors billions of dollars, and the agency probably should comply with Fox's request, even if it means the commission would have to vote to override the agency's confidentiality rules.

By Zach Goldfarb  |  July 28, 2010; 2:59 PM ET  |  Permalink  |  Comments (2)
Categories:  SEC  
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SEC pays $1 million to woman who ratted on her ex

With powerful senators watching with a close eye, federal investigators search and search for evidence of insider trading in shares of Microsoft. One of Wall Street's best-known hedge fund managers is targeted, but the feds can't find proof. Years pass and they close the case. Then a nasty, and apparently unrelated, divorce battle ensues in Connecticut. A woman discovers evidence potentially implicating her husband and the hedge fund. Investigators believe they've found a smoking gun, shut down the fund and assess tens of millions of penalties. And then they pay $1 million to the woman for ratting on her ex.

By Zach Goldfarb  |  July 26, 2010; 4:03 PM ET  |  Permalink  |  Comments (3)
Categories:  SEC  
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Older Entries in This Category »

Do we need to send Goldman execs to jail?, zach Goldfarb , July 26, 2010
SEC targets investors who bet on death , Zachary A. Goldfarb , July 22, 2010
The SEC's deregulatory push on mutual funds, Zach Goldfarb , July 22, 2010
SEC wants new way to track trades, Zachary Goldfarb , May 26, 2010
 
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