6 Tips For Avoiding Early Retirement Seminar Scams
The idea of retiring early — putting the workday behind you and living a life of leisure before you’re too old to enjoy it — is incredibly tempting and there is no shortage of not-so-nice people out...
View ArticleJudge Blocks $285 Million Settlement Against Citigroup Because The Bank Won't...
Earlier this fall, the Securities and Exchange Commission announced a whopping $285 million settlement with Citigroup over allegations that the bank misled investors in a 2007 mortgage derivatives...
View ArticleSEC Would Rather Fight Judge Than Try To Win A Real Victory Over Citigroup
Back in November, a U.S. District Court judge in Manhattan rained all over the Securities and Exchange Commission’s Thanksgiving parade when he refused to sign off on the regulator’s $285 million...
View ArticleSEC To Be Slightly Less Wimpy About Letting Violators Get Away Without...
The Securities and Exchange Commission has been taking a lot of heat recently after a federal judge refused to sign off on its $285 million settlement with Citigroup because, as is usual in these types...
View ArticleHow Much Have The Big Banks Been Penalized Over Mortgage Mess And Where Is...
The last few years have seen numerous settlements between the nation’s biggest mortgage lenders and various federal and state authorities. And while we hear numbers like “a total of $25 billion,”...
View ArticleLawmakers Push For Companies To Disclose Ratio Of CEO Pay To That Of Employees
Section 953(b) of the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act requires publicly traded companies to disclose the ratio of CEO pay as a proportion of the median-paid employee at...
View ArticleWells Fargo Prepping For Possible Racial Discrimination Lawsuit
Though it hasn’t been formally accused of anything by the government, Wells Fargo let it be known in a filing with the Securities & Exchange Commission that the Justice Dept. may soon be alleging...
View ArticleSEC Investigates Sprint Over Allegations It Failed To Properly Collect Sales Tax
Back in April, the New York Attorney General’s office filed a lawsuit against Sprint, alleging the wireless provider deliberately under-collected sales tax in an effort to remain competitive. Now,...
View ArticleSEC Warns Netflix CEO: A Facebook Post Does Not A Disclosure To Investors Make
(kimaroo) When it comes to running a big company, there are certain things the Securities and Exchange Commission will be a stickler about. Even if you’re the CEO of Netflix like Reed Hastings, the SEC...
View ArticleSen. Warren Asks Bank Regulators If “Too Big To Fail” Has Become “Too Big For...
Sen. Elizabeth Warren grilled bank regulators on their failure to take banks to trial.In her first hearing as a member of the Senate Banking Committee, Massachusetts Senator and longtime Consumerist...
View ArticleReport: CEOs Earn 345 Times What The Average Worker Takes Home
While big businesses might be balking at performing all the supposedly complicated math it would require to figure out the ratio between what the CEO makes versus the average employee, the folks at...
View ArticleSen. Warren: Why Can Banks Commit Crimes But Get Away Without Admitting Guilt?
On Feb. 14, Sen. Elizabeth Warren grilled bank regulators on their failure to take banks to trial.Back on Valentine’s Day, rookie U.S. Senator — and longtime consumer advocate — Elizabeth Warren of...
View ArticleSEC Settlement Slaps NASDAQ With $10 Million Penalty For Bungling Facebook IPO
(afagen) How many acronyms can you fit in one sentence? Please see the above headline, which pertains to a settlement reached by the Securities and Exchange Commission (SEC) that will see the NASDAQ...
View ArticleAfter 80-Year Ban, SEC Says Hedge Funds Can Now Advertise
(Josh Derr) Isn’t that one huge billboard for that hedge fund just so incredibly annoying? No, it isn’t, because until just about now, hedge funds and other firms that rely on private investments...
View ArticleSEC: U.S. Corporations Have To Reveal How Execs’ Paychecks Compare To Rest Of...
(chickee510) The Securities and Exchange Commission wants big corporations and get out their calculators to do a little math: A new proposal unveiled today says U.S. companies will have to disclose how...
View ArticleSEC Head Wants Companies That Break Laws To Actually Admit They Broke Laws
SEC Chair Mary Jo WhiteBusinesses are in the habit of making amends for their errors without actually admitting they made any errors. Weasel words hide a multitude of sins; “mistakes were made” and...
View ArticleWhat Can A Regulator With A Sense Of Ethics Do After Leaving The Feds? Try...
(afagen) After many years building your career, you’ve reached such a level of good reputation and success that you’ve been tapped to lead a major federal regulatory agency for a few years. Wow! That’s...
View ArticleBank Of America’s Compliance With Federal Mortgage Program Being Investigated
(James Callan)While it’s still settling multibillion-dollar tabs tied to the mortgage meltdown, Bank of America continues to face new legal and regulatory pressure. Yesterday, the bank revealed that it...
View ArticleThe Consumerist 101 Guide To Understanding Your Financial Regulators
Washington, D.C., might as well be called Acronym City. It feels like there are a zillion different, discrete agencies, organizations, bureaus, boards, and commissions within the federal government,...
View ArticleGM Confirms It’s Being Probed On Multiple Fronts Over Ignition Recall
(Theo Curmudgeon)While there have been numerous reports of agencies poking their noses into General Motors’ long-delayed ignition-related recall tied to at least 13 deaths, today the car maker game...
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