WASHINGTON, Nov 22- A top U.S. securities regulator on Friday questioned the methods used by his agency to subpoena the targets of investigations, saying he feared they lack oversight and delegate too much power to enforcement attorneys.
The comments mark White's second major enforcement policy shift since she took over the helm of the SEC in April. White, a former federal prosecutor, has already sought to add teeth to SEC settlements by requiring defendants in certain cases to admit to wrongdoing, rather than settle without admitting or denying the charges.
The board of KCG Holdings Inc has approved the amount and the process is in the hands of the SEC, but nothing has been finalized, the sources said. SEC spokesman John Nester declined to comment. The most recent deal failed to happen because of a change in leadership at the SEC, the person said.
WASHINGTON, Sept 13- Twitter's use of a confidential initial public offering filing has reignited a debate about a 2012 U.S. law that critics say denies investors time to digest a company's financial information and erodes the widely-held value of market transparency.
NEW YORK, Aug 23- The vague "connectivity issue" that Nasdaq said triggered the outage that paralyzed a large part of the U.S. stock market on Thursday originated as a problem between Nasdaq and rival NYSE Arca, a source familiar with the matter said Friday.
The reform is being embraced by those who say the SEC's revolving door produces too many conflicts of interest, but former SEC officials say the new policy could deepen the agency's difficulty in recruiting top talent.
That is, until the SEC decided to bring a civil fraud suit against former Goldman Sachs Vice President Fabrice Tourre, the highest profile case to emerge from the agency's investigations into the causes of the 2008 financial crisis. The SEC accused Tourre, 34, of misleading investors in a synthetic collateralized debt obligation called Abacus 2007- AC1.
NEW YORK, Aug 1- A jury found former Goldman Sachs Group Inc vice president Fabrice Tourre liable for fraud for his role in a failed mortgage deal that cost investors $1 billion, in a big victory for the U.S. Securities and Exchange Commission.
WASHINGTON, July 18- The U.S. Senate Banking Committee voted unanimously on Wednesday to confirm President Barack Obama's Democratic and Republican nominees to serve on the Securities and Exchange Commission, the top regulator in charge of policing Wall Street.
WASHINGTON, July 12- A U.S. House of Representatives Republican who oversees an investigative committee said on Friday the new U.S. systemic risk council overstepped its authority with an attempt to push through rules to rein in the $2.6 trillion money market fund industry.
WASHINGTON, June 19- The decision by the U.S. Securities and Exchange Commission to seek admissions of wrongdoing in select enforcement cases is expected to put pressure on other federal financial regulators to get tougher with their own Wall Street settlements.
The Senate Banking Committee is set to hold a hearing on Thursday to examine whether regulators inappropriately "outsource" oversight to consultants that are paid billions of dollars by the banks. The NY Times reports.
President Obama nominated Mary Jo White to lead the Securities and Exchange Commission, tapping an attorney with broad experience in prosecuting white-collar crimes to lead an agency that has a central role in implementing Wall Street reform.
Robert Khuzami, the enforcement director at the U.S. Securities and Exchange Commission who worked to rebuild the SEC's tarnished image after the Madoff scandal and the financial crisis, is departing the agency, the SEC announced on Wednesday.
SEC head Mary Schapiro is stepping down, and CNBC's Eamon Javers has word on her "desinated" successor. And John Harwood reports on movement toward avoiding the fiscal cliff as Congress returns to work following the Thanksgiving holiday.
SEC head Mary Schapiro is stepping down, and Commission Member Elisse Walter has been designated as her replacement, reports CNBC's Eamon Javers. Jeff Kilburg, Killir Kapital Management, weighs in.
Nov 2- The health of the U.S. economy has been central to the campaign for the White House, with both President Barack Obama and Republican challenger Mitt Romney seeking to convince voters they have a plan to usher in faster growth and job creation.
*Bair renews backing for ideas like ending $1 per share. *Fund firms seek compromise for oversight of $2.5 trillion industry.
*Geithner wants FSOC to step in after SEC failed to act.
*Citi fired top Internet analyst and junior analyst. BOSTON/ SAN FRANCISCO, Oct 26- Citigroup fired its top Internet analyst, Mark Mahaney, and paid a $2 million fine to a Massachusetts regulator to settle charges that the bank improperly disclosed research on Facebook IPO and information on other tech companies.