Two cases in recent months have peered into the SEC’s normally opaque charging and settlement processes and raised disturbing questions. Bank of America, resolved earlier this year took repeated hearings to secure approval of the SEC’s settlement with the Bank. …

COURT APPROVES SEC SETTLEMENT IN CITGROUP – BUT QUESTIONS REMAIN Read More »

On Capital Hill, hearings were held on the state of SEC Enforcement. A bill passed a Senate Committee to repeal Section 9291 of Dodd-Frank which gives the SEC authority to withhold certain documents from FOIA requests. In addition, legislation passed …

THIS WEEK IN SECURITIES LITIGATION (September 24, 2010) Read More »