Securities Regulation
Supreme Court to Hear SOX Mutual Fund Whistleblower Case
In a case involving whistleblowers at Fidelity Investments, the U.S. Supreme Court on Monday agreed to consider whether mutual fund employees are subject to the same whistleblower protections as ...
Senator Demands Economic Justification For No-Admission Settlements
An outspoken freshman U.S. senator with a record of taking on Wall Street wants financial regulators and federal prosecutors to provide an economic justification for allowing big banks to settle ...
Senate Duo Wants Quick SEC Action On Credit Raters
A bipartisan pair of U.S. senators urged federal securities regulators to move quickly on fundamental changes to how credit-rating agencies are compensated, a step they said will reduce the type of ...
Social Media & The SEC: New Opportunity and New Risk for Public Companies
It is now over a month since the U.S. Securities and Exchange Commission (SEC) issued guidance in the form of a report of investigation ("April Report") explaining why it decided not to bring an ...SEC Charges Pennsylvania’s Harrisburg With Fraud
Federal regulators on Monday accused Pennsylvania's beleaguered capital, Harrisburg, of committing fraud, in a move that officials said is meant to send a warning to local officials about the ...
Judge Won’t Block SEC Use Of Recording Against Goldman’s Tourre
Three years after Fabrice Tourre became the face of a major U.S. regulatory action against Goldman Sachs Group Inc., a newly uncovered phone recording is giving the Securities and Exchange Commission ...SEC Says Man Used JOBS Act To Lure Investors Into Fraud Scheme
The Securities and Exchange Commission on Thursday filed charges against a man accused of luring investors into a fraudulent investment scheme by promising big returns under a provision of the 2012 ...