Citigroup Inc. has reached a deal with U.S. regulators to give the purchasers of auction rate securities their money back.The U.S. Securities and Exchange Commission’s Division of Enforcement today announced a preliminary settlement in principle with Citigroup Global Markets, Inc., including proposed charges and a plan that would give individual investors, small businesses, and charities […]
Fraudulent scheme is being perpetrated by a man barred from Ontario’s securities markets
The U.S. Securities Industry and Financial Markets Association Credit Rating Agency Task Force issued its recommendations for credit rating agency reform today.The task force, comprised of 37 individuals from the United States, Europe, and Asia, including asset managers, underwriters, and issuers, focused on identifying the credit-rating-related causal variables that played a significant role in triggering […]
Pax World Management order to pay US$500,000 penalty
Temporary order continues prohibition covering 19 financial stocks until Aug. 12
A proposal to reform the SEC’s “foreign broker” rule is a good first step
Emergency order prevents “naked: short selling in the securities of Fannie Mae and Freddie Mac
Prevention effort augments SEC’s ongoing enforcement investigations
The Securities Industry and Financial Markets Association is calling on the US Securities and Exchange Commission to revise its proposed treatment of market data fees.SIFMA filed a comment letter with the SEC and released a study to support its claim that firms would pay too much if the SEC approves a proposed order allowing NYSE […]
The U.S. Securities and Exchange Commission has released a report detailing weaknesses it uncovered in examinations of the three major credit rating agencies.The SEC examined Fitch Ratings Ltd., Moody’s Investor Services Inc., and Standard & Poor’s Ratings Services to evaluate whether they are adhering to their published methodologies for determining ratings and managing conflicts of […]