By STEPHEN LABATON
WASHINGTON — The Securities and Exchange Commission, a once-proud agency with an impressive history as Wall Street’s top cop, finds itself increasingly conducting autopsies of leading financial institutions after failing, in the first instance, to perform adequate biopsies.
The latest black eye for the commission came when inspectors and agency lawyers missed a series [...]
WASHINGTON (MarketWatch) — The U.S. Securities and Exchange Commission intends to temporarily ban short-selling, The Wall Street Journal reported Thursday night. It’s unclear if the commission has approved the move, the Journal reported. SEC Chairman Christopher Cox, Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson were briefing congressional leaders Thursday night. The U.S. [...]
Washington, D.C., Sept. 17, 2008 — Securities and Exchange Commission Chairman Christopher Cox and SEC Enforcement Division Director Linda Chatman Thomsen issued the following statements today concerning ongoing and forthcoming Commission actions to investigate fraud and manipulation in the nation’s securities markets:
“Millions of investors entrust their savings to our securities markets because they can be [...]
UPDATE: Senator Seeks Higher Fines For Banks In ARS Cases
Last Update: 8/15/2008 6:35:44 PM
(Updates with Citigroup’s no comment, and hypothetical example from Grassley
about a potential fine and tax effect.)
By Martin Vaughan
Of DOW JONES NEWSWIRES
WASHINGTON (Dow Jones)–A senior Republican senator wants the Securities and
Exchange Commission to ensure that banks [...]
SEC Extends Emergency Short-Sale Order Thru August 12
Last Update: 7/30/2008 7:40:20 AM
(This article was originally published Tuesday)
By Judith Burns
Of DOW JONES NEWSWIRES
WASHINGTON (Dow Jones)–Emergency restrictions on short-sales in 17 Wall Street
firms and housing-finance giants Fannie Mae (FNM) and Freddie Mac (FRE), due to
expire just before midnight Tuesday, have [...]
SEC’s Cox: Wall Street’s Capital-Raising Is ‘Healthy Trend’
Last Update: 6/10/2008 1:03:48 PM
By Judith Burns
Of DOW JONES NEWSWIRES
WASHINGTON (Dow Jones)–Wall Street’s regulator said Tuesday he welcomed efforts
by investment banks to raise capital, calling it “a healthy trend.”
“We have been encouraging each of the major investment banks to strengthen their
balance [...]
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