securities and exchange commission

A federal judge has nixed a $285 million settlement between Citigroup and the Securities and Exchange Commission.

He said the deal was "neither fair, nor adequate nor in the public interest." The settlement dealt with Citigroup's handling of subprime mortgage debt prior to the financial crisis.

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The Securities and Exchange Commission's fight against Goldman Sachs is about more than just money. It's a test of whether the SEC's revamped enforcement team can keep up with the complexities of modern finance.

Many people are watching to see whether the SEC can really get tough on Wall Street.

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Federal regulators charged the Wall Street megabank Goldman Sachs with civil fraud Friday. The Securities and Exchange Commission announced the charges in connection with subprime mortgage securities.

Within minutes of the charges being announced, Goldman Sachs' shares fell more than 10 percent.

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Professor Henry T. C. Hu testified on behalf of the U.S. Securities and Exchange Commission before the U.S. House Committee on Financial Services at its Oct. 7 hearing, "Reform of the Over-the-Counter (OTC) Derivatives Market." Hu, who holds the Allan Shivers Chair in the Law of Banking and Finance at The University of Texas School of [...]

School of Law Professor Henry T. C. Hu has been named director of the newly established Division of Risk, Strategy, and Financial Innovation at the Securities and Exchange Commission (SEC), Mary L.

Schapiro, chairwoman of the SEC, announced on Sept. 16. According to the SEC announcement, the new division "combines the Office of Economic Analysis, the [...]

A federal judge has rejected an SEC settlement with Bank of America, writing that the government's justification is "at war with common sense." The Securities and Exchange Commission had charged Bank of America executives with misleading its shareholders over the acquisition of Merrill Lynch.

Now that the settlement has been thrown out, the case will go to trial.

Former Countrywide Financial head Angelo Mozilo has been charged with civil fraud and illegal insider trading.

The Securities and Exchange Commission also accuses Mozilo and two other former Countrywide executives of "deliberately" misleading investors about the risks the firm took in the mortgage market.

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