Daily Archives: November 22, 2013, 4:11 pm

SEC official says staff may have too much power over subpoenas — Reuters

A top U.S. securities regulator on Friday questioned the methods used by his agency to subpoena the targets of investigations, saying he feared they lack oversight and delegate too much power to enforcement attorneys. Speaking before the Los Angeles County Bar Association, Securities and Exchange Commission Republican member Michael Piwowar said he believes it is time for the SEC to…

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JPMorgan’s top lawyer fires back at regulators – The Term Sheet

Apparently, JPMorgan Chase’s top lawyer has some hurt feelings over his bank’s recent $13 billion fine. Stephen Cutler, speaking Friday morning at an industry conference, fired back at the government and said that the regulation of banks is spiraling out of control. He said regulators are wasting taxpayers’ resources by piling on infractions and issuing multiple fines for the same issue. He…

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