July 2014
S M T W T F S
« Jun    
 12345
6789101112
13141516171819
20212223242526
2728293031  
News for Norther Colorado and the world

Friday, July 25, 2014

Posts Tagged ‘securities’

NY Judge critical of SEC

NY Judge critical of SEC

  Federal Judge Jed S. Rakoff was not pleased with the Security and Exchange Commission (SEC) proposed settlement with Citigroup. Citigroup violated previous agreements, lied to its customer about the mortgage bonds they were selling and bet against the bonds. Citigroup's customers lost $700 million while the bank made a profit of $160 million. The SEC was willing to let Citigroup off with no admission of wrong doing and what the judge considered to be an inadequate fine. The two ... Full Story

Page 1 of 11