Tag: Penalties

Wall Street Fines Fall During First Year of Trump Administration, Research Shows – WSJ

Penalties levied by the Securities and Exchange Commission dropped to a four-year low during the latest fiscal year, showing how a more friendly tone from regulators and the transition of political power can yield relief for Wall Street. Total penalties ordered through SEC enforcement actions fell 15.5% last year to about $3.5 billion, the lowest total since 2013, according to…

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Wall Street’s Top Cop Takes Harder Line – WSJ

The SEC has stepped up its enforcement activity across the board. The agency levied more civil penalties in the first half of this fiscal year, October through March, than over any comparable period since at least 2005, according to an analysis by The Wall Street Journal of the 4,443 penalties imposed by the SEC since October 2004. via Wall Street’s…

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SAC Capital Judge Urged to Accept $900 Million Penalty – Bloomberg

Manhattan U.S. Attorney Preet Bharara’s office yesterday asked U.S. District Judge Laura Taylor Swain to approve the agreement as part of a record $1.8 billion settlement that also calls for the hedge fund to close its investment advisory business. Swain is set to decide April 10 whether she will accept the guilty plea and sentence the Stamford, Connecticut-based firm founded…

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Tourre Seeks Leniency in S.E.C. Case – NYTimes.com

In a court filing on Tuesday, Mr. Tourre’s lawyers attacked the Securities and Exchange Commission’s pursuit of more than $1 million in penalties, calling it “unwarranted and unjust” and “unreasonably severe.” Mr. Tourre’s lawyers are proposing something far smaller: a maximum penalty of $65,000. via Tourre Seeks Leniency in S.E.C. Case – NYTimes.com

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ASIC chairman Greg Medcraft wants tougher penalties for white collar criminals – ABC News

The corporate watchdog wants tougher penalties for white collar criminals after complaints that recent sentences have been out of step with community expectations.The proposed crackdown comes after the former chief executive of Gunns was fined only $50,000, despite making $3 million from insider trading. via ASIC chairman Greg Medcraft wants tougher penalties for white collar criminals – ABC News

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SEC Practice In Targeting and Penalizing Individual Defendants — Harvard Law School Forum on Corp. Gov. and Fin. Reg.

…. We have recently completed, and intend to maintain, a database of SEC enforcement practices, and in this post, we shed some factual light on what the SEC actually does with respect to prosecuting and penalizing individual and corporate defendants. Specifically, we answer three questions: First, who does the SEC name as defendants—high level executives, lower level employees, the corporation…

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