Tag Archives: SEC
SEC civil case against Lehman Brothers goes nowhere
The Securities and Exchange Commission’s eight-member Lehman Brothers team, having hit one dead end after another over the previous two years, concluded that suing the bank’s executives would be legally unjustified. The group, noting that prosecutors and F.B.I. agents had already walked away from a parallel criminal case, reached unanimous agreement to close its most […]
Hedge fund king escapes SEC charges
The recent SEC settlements spare SAC’s founder, the billionaire Steven A. Cohen, who hasn’t been charged with wrongdoing. Mr. Cohen, one of the most successful hedge fund managers in the world, has long been considered a target of federal investigators. SAC Capital, the giant hedge fund, settled insider trading charges with the Securities and Exchange […]
Dirty Babylon 