Security and Exchange Commission (SEC)

Record $614 Million In Penalties Levied As Insider Trading Cases Are Settled

Mark Memmott — Fri, 15 Mar 2013 19:31:00 +0000

Connecticut-based hedge fund CR Intrinsic Investors "has agreed to pay more than $600 million to settle SEC charges that it participated in an insider trading scheme involving a clinical trial for an Alzheimer's drug," the Securities and Exchange Commission announced Friday.

Also Friday, the SEC announced that another hedge fund firm — Sigma Capital — "has agreed to pay nearly $14 million to settle charges that the firm engaged in insider t

Heinz CEO Entitled To Hefty Exit Package

Tue, 05 Mar 2013 10:18:00 +0000

Filings with the Securities and Exchange Commission show if William Johnson is fired when the new owners take over, he'll walk away with a golden parachute worth $56 million. When you tack on stock payouts and deferred compensation benefits, he could get more than $200 million.

Can An Ex-Prosecutor Make The SEC Tougher On Wall Street?

Scott Horsley — Thu, 24 Jan 2013 19:40:00 +0000

President Obama's choice to head the Securities and Exchange Commission has prosecuted terrorists and mobsters. If she's confirmed, Mary Jo White's next challenge will be tackling reckless behavior on Wall Street.

White, who spent nearly a decade as U.S. Attorney in New York City, would be the first former prosecutor to lead the SEC.

Obama Chooses Former U.S. Attorney Mary Jo White To Head SEC

Mark Memmott — Thu, 24 Jan 2013 14:23:00 +0000

Mary Jo White, a former U.S. attorney in New York who prosecuted terrorists responsible for the bombings of the World Trade Center and U.S. embassies in Africa, will be nominated by President Obama to head the Securities and Exchange Commission.

NPR's Scott Horsley gets that word from a senior White House official. Other news outlets are being told the same thing. The president is expected to make the announcement this afternoon.

SEC Chief Schapiro Is Leaving

Mark Memmott — Mon, 26 Nov 2012 16:03:00 +0000

Update at 11:50 a.m. ET. Successor Chosen:

Moving quickly after the announcement that Securities and Exchange Commission Chairman Mary Schapiro is leaving on Dec. 14, the White House just said that President Obama has designated SEC Commissioner Elisse Walter to be her replacement.

In a statement, the president says:

"I want to express my deep gratitude to Mary Schapiro for her steadfast leadership at the Securities and Exchange Commission.