SEC extracts fines, but not confessions

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

From Bank of America, two different stories about tracking bailout funds

By Ben Protess

Is Bank of America, the nation’s largest bank, tracking how it spends $45 billion in taxpayer funds?

Excerpts from this story referencing "Jed S. Rakoff":

"… bsp;news accounts of the hearing, the bank’s lawyers promised Judge Jed S. Rakoff that the financial giant would not use taxpayer dollars to make a $33 mill …"

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