Tagged: Securities and Exchange Commission

Dell settling Intel claims

Dell is in settlement talks with the Securities and Exchange Commission to resolve allegations that its founder/CEO Michael Dell engaged in financial irregularities related to Dell’s dealings with chip-maker Intel — with no admission of guilt or bar of Dell from service as an officer or a public company.  Visiting law Professor Elizabeth Nowicki, a […]

Congress eyes credit-rating agencies

The Congressionally sponsored bipartisan Financial Crisis Inquiry Commission now has cast its eyes on the credit-rating agencies and the impact they may have had on the Great Crash of 2008.  Law Professor Elizabeth Nowicki, a veteran attorney from both Wall Street and the Securities and Exchange Commission, says the agencies are both hopelessly plagued by […]

SEC moves to avoid “flash crash”

In an effort to avoid a repeat of the May 6th “flash crash” when computerized trading markets tumbled out of control, the Securities and Exchange Commission has voted unanimously to require audit trails to cover all trading orders from start to finish.  Visiting Law Professor Elizabeth Nowicki, a former SEC and Wall Street attorney, says the […]

Morgan Stanley new Fed target

Wall Street investment bank Morgan Stanley reportedly is being investigated by federal authorities to see if it misled investors about mortage-derivatives deals it helped design and sometimes bet against.  This is on the heels of the Securities and Exchange Commission charging Goldman Sachs with securities fraud involving similar collateralized debt obligations or CDOs.  Law Professor […]

SEC probes stock-market plunge

Heads of the major stock exchanges were summoned to Washington by federal regulators to try to help figure out what caused last week’s computerized sell-off the shot the Dow Jones Industrial Average down 1,000 points in a matter of minutes.  Law Professor Elizabeth Nowicki, a former Securities and Exchange Commission attorney and Wall Street lawyer, […]

Goldman faces criminal probe

Beleagured Wall Street giant Goldman Sachs, already sued by the SEC on securites-fraud civil charges, reportedly is now being investigated by the Department of Justice for possible criminal charges.  Law Professor Elizabeth Nowicki, both a former SEC attorney and Wall Street lawyer, called the revelations stunning. “This is not a usual occurrence at all, and it is […]

SEC charges Goldman with fraud

The SEC alleges Goldman Sachs defrauded investors by marketing an investment backed by sub-prime loans without telling them that a big hedge fund was on the other side betting that it would fail — which it did.  Law Professors Cornelius Hurley, a former counsel to the Fed Board of Governors, and Elizabeth Nowicki, a former SEC […]

Protecting asset-backed securities

New rules proposed by the S.E.C. would, among other things, require that the issuers of bonds filled with bundled mortgages — not the ratings agencies — would have to vouch for their soundness and retain 5 percent of each bond.  Law Professor Tamar Frankel, an authority on securities law and author of “Trust and Honesty: American’s […]

SEC trys to bolster enforcement image

For the past year the Securities and Exchange Commission has been trying to toughen up its weakened image.  But it still faces skepticism about its ability to adequately enforce laws against corporate crime.  Law Professor Tamar Frankel, an authority on securities law and author of “Trust and Honesty: America’s Business Culture at a Crossroad,” says […]

SEC revamping enforcement arm

The Securities and Exchange Commission is upgrading itself, creating specialized units within its enforcement arm and offering financial-insider informants immunity from prosecution.  Law Professor Elizabeth Nowicki, a veteran of both the SEC and Wall Street, says the immunity for witnesses can help insure investors that the market is still relative safe. “Offering immunity to a […]