Tag Archives: SEC

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SEC Nominee Made $1.21M as Columbia Professor, Consultant

SEC Nominee Made $1.21M as Columbia Professor, Consultant

By Andrew Ramonas, Bloomberg BNA The nominee for a Democratic seat on the SEC pulled in $1.21 million in about 18 months as a consultant and a Columbia Law School professor, new financial disclosure paperwork showed. Robert Jackson, whom President Donald Trump nominated to the Securities and Exchange Commission this month, earned about $685,000 from

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Columbia Law Professor Jackson Tapped for Democratic Seat on SEC

By Phyllis Diamond, Bloomberg BNA Robert J. Jackson Jr., a corporate law professor at Columbia Law School, will be nominated for a Democratic seat on the Securities and Exchange Commission, the White House said today. Jackson is director of the law school’s Program on Corporate Law and Policy, according to his biography on the university’s

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SEC Drops Claims Against Ex-JPM Traders in London Whale Case

By Jef Feeley, Bloomberg News The U.S. Securities and Exchange Commission dropped claims against two former JPMorgan Chase & Co. traders accused of hiding more than $6.2 billion in trading losses as part of the “London Whale’’ case. Securities regulators agreed to dismiss their case against traders Javier Martin-Artajo and Julien Grout after federal prosecutors dropped criminal charges against

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SEC Sues Ex-Bank Employee Over Tipping Friends About Deals

By Erik Larson, Bloomberg News A former employee of a large multinational bank passed nonpublic information on dozens of planned mergers and acquisitions to his girlfriend’s father and several friends who made millions of dollars trading on the tips, the U.S. Securities and Exchange Commission said in a lawsuit. Daniel Rivas, a technology project consultant

A sign hangs outside a Barclays Plc bank branch, opposite the Royal Courts of Justice, in London, U.K., on Tuesday, June 20, 2017. Barclays Plc and four former executives were charged with conspiracy to commit fraud during the bank’s 2008 capital raising from Qatar as it sought to avoid a bailout amid one of the most turbulent periods in financial history. Photographer: Luke MacGregor/Bloomberg

SEC Probes Barclays, Morgan Stanley Bankers Over Puerto Rico

By Martin Z. Braun, Bloomberg News The U.S. Securities and Exchange Commission may take action against bankers from Barclays Plc and Morgan Stanley for their roles in Puerto Rico bond sales before a worsening fiscal crisis sent it hurtling toward bankruptcy. The SEC’s staff made a preliminary recommendation that the agency file an enforcement action

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SEC Staff Moves to Ease IPO Registration Process

By Phyllis Diamond, Bloomberg BNA The Division of Corporation Finance will now permit all companies to submit draft registration statements for initial public offerings for review on a non-public basis, the Securities and Exchange Commission said June 29. The new process, effective July 10, will be available for IPOs as well as most offerings made

Views Of The Capitol As Senate Adopts Budget With Cuts That Don't Privatize Medicare

Ex-SEC Commissioner Atkins Blames IPO Dearth on Regulations

Regulatory costs are a major hindrance to companies going public, former Securities and Exchange Commissioner Paul Atkins said today. Sarbanes–Oxley Act rules and other regulations are contributing to a downward trend in initial public offerings, the Republican said at an Insured Retirement Institute conference in Washington. The availability of private money and the prospect of

Photographer: Paul Morse/Bloomberg News

SEC Power to Recoup Illegal Profits Curbed by Top U.S. Court

The U.S. Supreme Court put sharp new limits on a favorite tool used by securities regulators to recoup money from people found to have violated federal laws. The justices unanimously said the Securities and Exchange Commission is bound by a five-year statute of limitations when it seeks “disgorgement,” or the return of illegal profits. Lower

Wall Street Bull

SEC Said to Consider Naming Wall Street Lawyer Enforcement Chief

By Matt Robinson and Ben Bain, Bloomberg News Steven Peikin, a former colleague of U.S. Securities and Exchange Commission Chairman Jay Clayton, is likely to be named head of the agency’s enforcement division, according to people familiar with the matter. Peikin, 51, who worked with Clayton at law firm Sullivan & Cromwell, is a former

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Mary Jo White Doesn’t Expect Big Regulatory Changes Under Trump Admin

Former Securities and Exchange Commission chair Mary Jo White doesn’t expect to see any big regulatory changes under the Trump Administration, though she does believe there will be a “change in philosophy.” Speaking before an audience of top corporate and Big Law attorneys at Bloomberg Law’s Big Law Business Summit on Wednesday, White said she