As of Feb. 1, the SEC said, $1.53 billion in penalties have either been ordered or agreed to by 154 firms and individuals involving a number of enforcement actions since the nation's financial crisis started around 2008.
The SEC has posted a comprehensive list of enforcement actions levied including penalty settlement information and year-to-date statistics on penalty amounts charged and the amounts returned to harmed investors.
Some of the nation's biggest banks were involved in concealing from investors the risks, terms and improper pricing and collateralized debt obligations and other complex structured products, including Citigroup, Goldman Sachs, JP Morgan Securities, Wells Fargo and Wachovia Capital Markets, according to the SEC.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
- Educational webcasts, white papers, and ebooks from industry thought leaders.
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
