The NASDAQ stock exchange has agreed to pay a $10 million penalty for violations that occurred during Facebook's IPO and its aftermath, the SEC said.
Louisiana Corporate Credit Union has emerged victorious from a decade-long suit involving the liquidation of National Century Financial Enterprises. The corporate, in an announcement last week, said it has agreed to a $600,000 settlement with Credit Suisse, the last remaining defendant in the securities fraud case.
Agency posts list of actions against securities firms since financial crisis began.
CEO David Savoie says 98% of losses recovered. Legal fees at 10% sharply lower than NCUA contingent fees.
NCUA inspector general responds to California congressman's concerns about legal fees for Wall Street suits over securities losses.