Topic: SEC

Babe Ruth's Laundry Fetches $4.4 Million; Phil Jackson Won't Coach the Knicks

Wikimedia Commons

The NFL gets tough on its knee injury problem, Babe Ruth's jersey sells for $4.4 million, and Phil Jackson won't be coaching the Knicks next year.

By Adam Martin

May 11, 2012

The Feds Are Now Looking into JPMorgan Chase

Things just went from bad to worse for JP Morgan Chase. Losing $2 billion is bad enough, but now it turns out the SEC is looking into the bank's trading practices as possible "civil violations" in addition to the "egregious mistakes" CEO Jamie Dimon has already conceded.

Comments | 1,041 Views

By Adam Martin

May 11, 2012

Do You Really Need a Gun to Police the SEC?

It's the SEC's job to police Wall Street, but who will police the SEC? One serious-sounding dude who wants to bring a gun to work would have been your answer until this week, but he's just been banned from the SEC office.

Comments | 1,064 Views

By Eric Randall

Mar 13, 2012

Pro Tip: Don't Trade Stocks on Info You Glean from Your AA Meeting

The SEC is filing charges against five individuals for illegally trading on a tip one man received while at an Alcoholics Anonymous meeting, an odd instance in which the organization's confidentiality rules dovetail nicely with securities law.

Comments | 76 Views

By Adam Clark Estes

Feb 21, 2012

Corporations Want To Know Exactly When and How To Make Bribes Overseas

Corporations that do business overseas—which frequently involves gifts, baksheesh, and other kinds of behind-the-scenes favors—are wondering just how strictly anti-bribery rules will be enforced.

Comments | 962 Views

By John Hudson

Dec 16, 2011

SEC Files Fraud Charges Against Former Freddie and Fannie Chiefs

The Securities and Exchange Commission brought civil fraud charges against six former senior executives at Fannie Mae and Freddie Mac Friday, alleging that the employees understated the amount of subprime loans the mortgage giants held at the peak of the financial crisis.

Comments | 702 Views

By Alexander Abad-Santos

Dec 1, 2011

Cartoon

Trusting the SEC Is a Lot Like Trusting Wall Street

Cartoonist Nick Anderson explains our trust issues.

Comments | 365 Views

By Adam Martin

Nov 28, 2011

Judge Rejects Citigroup's Settlement with SEC

A New York federal court judge has rejected Citigroup's $285 million settlement with the Securities and Exchange Commission, with which the bank had hoped to dispose of a massive lawsuit claiming it misled investors in mortgage-backed securities to the tune of $1 billion.

Comments | 507 Views

By Ray Gustini

Nov 8, 2011

Remembering Smokin' Joe Frazier; the Mets' Fuzzy Ownership Math

NBA owners fight one other as the lockout drags on, the former heavyweight champ dies of liver cancer, and nobody wants to buy a piece of the New York Mets.

Comments | 165 Views

By Ray Gustini

Nov 7, 2011

Joe Paterno and the Sounds of Silence

Today in sports: Joe Paterno's culpability in the Penn State sexual assault scandal, looking back at Magic Johnson's HIV announcement 20 years later, and a Wednesday deadline in the NBA labor talks.

Comments | 21,406 Views

By Ray Gustini

Oct 28, 2011

Savor Tonight's Game Seven

Today in sports: West Virginia's move to the Big 12 looks to be back on, the SEC jumps the gun in announcing the addition of Missouri, and the World Series heads to Game Seven for the first time since 2002.

Comments | 608 Views

By Alexander Abad-Santos

Oct 19, 2011

Citigroup Reaches a $285 Million Settlement with the SEC

Citigroup has agreed to pay $285 million to settle civil charges filed by the Securities and Exchange Commission that it deceived investors in a $1 billion deal by selling securities backed by mortgages that Citigroup bet against. 

Comments | 165 Views

By Ray Gustini

Sep 7, 2011

Plane Carrying Hockey Team Crashes in Russia, Killing 43

Also in sports: Texas A&M's move to the Southeastern Conference has hit another snag

Comments | 1,789 Views

By Connor Simpson

Sep 1, 2011

The SEC is Investigating Electronic Trading

The SEC's new investigations could lead to electronic market reform

Comments | 608 Views

By Connor Simpson

Aug 30, 2011

Bank of America Knew Ahead of Time About AIG Lawsuit

AIG and BoA were working on a settlement in January, but BoA never told anyone

Comments | 678 Views

By Elspeth Reeve

Aug 17, 2011

Wall Street Scandals Go Down the SEC's Memory Hole

Files related to Bernie Madoff and the 2008 crisis were lost in a sanctioned purge

Comments | 1,217 Views

By Ujala Sehgal

Aug 14, 2011

The SEC is Investigating S&P for Insider Trading on the Downgrade

If leaks are found, the credit agency could lose its license

Comments | 8,237 Views

By Elspeth Reeve

Aug 3, 2011

Christie Hefner's Husband Settles Insider Trading Suit

William Marovitz agreed to pay the SEC $168,352 without admitting wrongdoing

Comments | 456 Views

By Adam Clark Estes

Jun 21, 2011

JP Morgan Will Pay $153.6 Million for Mortgage Fraud

The money will go to the SEC; JP Morgan promises to improve their mortgage practices

Comments | 912 Views

By Ray Gustini

May 24, 2011

What the Tweet?

Oil Giants, Badgers and Nice Guys

The tweets that gave us pause today

Comments | 152 Views

By Alex Eichler

May 6, 2011

Markets Not Much Safer a Year After the Flash Crash

The SEC hasn't done a lot in the way of implementing safeguards

Comments | 228 Views

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