SEC Will Get Tougher On Wrongdoing At Big Banks

SEC Will Get Tougher On Wrongdoing At Big Banks: In a break from past practice, the Securities and Exchange Commission (SEC) will begin seeking more admissions of wrongdoing when it settles enforcement cases with banks, Chairman Mary Jo White announced. Agency staff was alerted to the decision in a letter sent on June 17. The change won’t apply to all cases, but will depend [...]/p