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Government Agencies SEC

  • Bernie Madoff mugshot
    SEC Says It Botched 5 Madoff Probes, Despite Warnings

    The watchdog of the Securities and Exchange Commission has found that three agency exams and two investigations of Bernard Madoff's business were incompetent, despite ample warnings of the multibillion-dollar fraud.

  • Madoff SEC Report Ready, but Public Must Wait

    Securities and Exchange Commission Inspector General David Kotz has issued his long-awaited report on how the agency missed the Bernard Madoff Ponzi scheme.

  • capitol_building_wallst_mainst.jpg
    As More Banks Fail, Private Investors Gaining Favor

    With the toll of bank failures surging, regulators are expected Wednesday to ease rules they proposed only last month for private investors seeking to buy failed institutions.

  • No New Judge in Stanford Case

    Late Tuesday, a federal appeals court, without explanation, denied Allen Stanford's petition to remove U.S. District Judge David Hittner from his criminal case.

  • stanford_allen.jpg
    Stanford Regulators Admit Not Pursuing '03 Fraud Claim

    The industry self-regulatory organization that was supposed to police the brokers at the Stanford Financial Group acknowledges it received a tip from an employee in 2003 that the company was running a Ponzi scheme, but did not follow up on it because of the agency's own policy.

  • stanford_allen.jpg
    Stanford Investigators Turn Sights Toward Banks

    Several banks, including two in the U.S., face new scrutiny as investors and regulators try to sort out the alleged Stanford Ponzi scheme, CNBC has learned. At issue: what the banks and regulators knew about massive deposits and withdrawals from Stanford over the years.

  • Allen Stanford
    Stanford 'Wife' Should Face Contempt Charge: Lawyer

    One of Allen Stanford's mistresses—whom the accused fraudster euphemistically refers to as "outside wives"—should be held in contempt of court, according to the court-appointed Receiver in the case.

  • Bewrkshire Hathaway: What's the Risk?
    Berkshire Hathaway: We Did Not "Goof" on Derivative Risks

    Berkshire Hathaway isn't happy with a Reuters story initially published with the headline, "Buffett's Berkshire: We Goofed On Derivative Risks."  Berkshire CFO Marc Hamburg tells Warren Buffett Watch, "There is no indication whatsoever in my letter to the SEC that we made an error or that we underestimated the risks of falling stock prices."

  • Pequot Capital Suspected of Insider Trading:  SEC

    The SEC has issued a Wells notice to hedge fund Pequot Capital Management and its founder Arthur Samberg for allegedly trading on nonpublic information on Microsoft stock in 2001, CNBC has learned.The notice, which focuses solely on the firm's trading of Microsoft stock in spring 2001, was issued about one month ago. It alleges the firm traded on material nonpublic information.

  • State Street Under Pressure

    State Street is down midday on a headline from the WSJ: "$625M reserve for exposure to sub-prime crisis 'May not be sufficient."

  • ge_logo_chart.jpg
    Inside G.E., a Little Bit of Enron

    This week General Electric agreed to pay $50 million to settle a suit filed by the Securities and Exchange Commission that said the company fiddled with its books repeatedly early in this decade. In at least one case, that allowed it to preserve its reputation for making the numbers. Some of the details are eerily reminiscent of Enron.

  • Maurice "Hank" Greenberg
    Ex-AIG CEO Greenberg Settles Fraud Charges With SEC

    The SEC said Thursday that former American International Group CEO Maurice "Hank" Greenberg agreed to pay a $15 million fine to settle fraud charges.

  • Schapiro_Mary.jpg
    SEC's Schapiro: Ban on Flash Trading Will Take Time

    A regulatory ban on so-called flash trading, which gives some big brokerage firms a split-second advantage in buying and selling stocks, will take time to implement, Securities and Exchange Commission Chairman Mary Schapiro told CNBC.

  • Cramer: BofA’s Lewis Should Pay $33M, Not Shareholders

    Why should they suffer for the CEO’s mistakes?

  • Cramer: Forget BofA’s Lewis Drama – Buy This Stock

    The Mad Money host presents both the technical and fundamental cases for owning Bank of America.

  • Wall Street Crackdown Appears Imminent

    Investors are whispering about the latest government crackdown on Wall Street. With tighter regulations imminent, what happens to profits?

  • Stanford Lawyer Quits over Cash

    Accused fraudster Allen Stanford once claimed a net worth of more than $2 billion. But with all of his assets frozen by a federal judge, he has no funds to pay his high-powered criminal defense lawyer, Dick DeGuerin of Houston.

  • SEC Files Emergency Motion Against Stanford Receiver

    The receiver appointed by the courts to take over the companies run by Texas financier R. Allen Stanford is meeting resistance in his efforts to recover money the government says went missing in a Ponzi scheme.

  • stanford_allen.jpg
    Allen Stanford 'Clawback' Suit Gets Hearing Date

    The court-appointed receiver in the Stanford Financial case—whose job is to locate funds to return to investors—is suing some 400 of them in a controversial "clawback" case.

  • Mad Mail: Cramer Talks Naked Short Selling

    Plus, an updated call on The India Fund and more.