SEC extracts fines, but not confessions

Federal judge scolds SEC for routinely letting businesses and executives settle civil lawsuits without admitting any guilt....

Excerpts from this story referencing "Jed Rakoff":

"… ithout admitting or denying charges.Earlier this week, U.S. District Judge Jed Rakoff in New York slammed the SEC for not being more muscular with defendants, i …"

Brokerage regulator’s portfolio, practices remain secret

By Laurel Adams

Watchdog groups have long called for more oversight of the Financial Industry Regulatory Authority (FINRA), a quasi-governmental, self-regul

Excerpts from this story referencing "Jed Rakoff":

"… of the New York Stock Exchange. The lawsuits were thrown out by U.S. Judge Jed Rakoff in New York earlier this year on the grounds that the organizations were e …"

Judge in Citigroup case has bucked trend of rubber stamping SEC settlements

SEC has long history of settling cases without requiring companies to admit guilt

Excerpts from this story referencing "Jed Rakoff":

"… ant would be a mere formality. But not in the court of U.S. District Judge Jed Rakoff, who, much to the chagrin of SEC lawyers, was randomly assigned the case. …"