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By Marlene Y. Satter, AdvisorOne |
December 30, 2011
Federal Judge Jed S. Rakoff is not pleased with the Securities and Exchange Commission again. Nor is he happy with Citigroup, as he accused both the agency and the financial institution late Thursday of making an end run around his decision not to delay the court case against Citi by...
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By Marlene Y. Satter, AdvisorOne |
December 28, 2011
The Securities and Exchange Commission on Tuesday was granted a two-week delay in its securities fraud case against Citigroup as it seeks to have a judge's decision to toss its settlement with the bank reversed.
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By Marlene Y. Satter, AdvisorOne |
December 2, 2011
Controversial Federal judge orders that deposition can be taken before Rajat Gupta insider trading trial.
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By Marlene Y. Satter, AdvisorOne |
November 29, 2011
Judge Jed S. Rakoff on Monday rejected a settlement negotiated between the SEC and Citigroup over a $1 billion mortgage fund and said that he could not determine whether the $285 million settlement was “fair, reasonable, adequate and in the public interest.”
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By Marlene Y. Satter, AdvisorOne |
November 10, 2011
Judge Jed S. Rakoff assessed a $98.2 million fine against hedge fund billionaire Raj Rajaratnam of Galleon Group while criticizing the SEC's settlements in insider trading cases
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By Knut A. Rostad |
March 18, 2010
The battle for the fiduciary standard in financial reform legislation took an unexpected turn a couple weeks ago. The National Association of Insurance and Financial...
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By Knut A. Rostad |
October 16, 2009
As the rhetoric heats up over regulatory reform one is reminded how much political life has not changed all that much since Abraham Lincoln was quoted noting the following: "How many legs does a dog have if you call the tail a leg? Four..."
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By Knut A. Rostad |
September 28, 2009
SEC Chairman Mary L. Schapiro's September 24th speech, before the Financial Services Roundtable, included her most recent public remarks on the fiduciary standard. The Chairman's remarks are important.
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By Knut A. Rostad |
September 16, 2009
In September 2013 when we look back on Lehman Bothers' demise, will we also see a "reformed" financial system and regulatory structure? One that may be hard to recognize compared to today's structure? If "yes," look to Judge Jed S. Rakoff's opinion.
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By Kathleen McBride, AdvisorOne |
September 15, 2009
Judge Jed S. Rakoff of the United States District Court of the Southern District of New York has thrown out a proposed settlement between the SEC and Bank of America.