Marcy Gordon

June 13, 2002 | Law.com

Moving closer to accepting a Bush administration initiative inspired by Enron's collapse, federal regulators tentatively approved a rule Wednesday that would require chief executives to personally vouch for their companies' financial reports. Companies also would have to make public important changes in their operations much faster and report a wider group of changes under the new rules of the SEC.

By Marcy Gordon

4 minute read

August 27, 2009 | Daily Report Online

WASHINGTON AP - Federal regulators have eased restrictions for private investors seeking to buy failed banks, as the tally of collapsed institutions mounts and well-funded buyers are scarce.The Federal Deposit Insurance Corp.'s board voted 4-1 in a public meeting Wednesday to revise the rules it proposed last month in a way that lessens the amount of cash that private equity funds must maintain in the banks they acquire.

By MARCY GORDON

5 minute read

September 19, 2008 | Daily Report Online

WASHINGTON AP-The government's unprecedented move Friday to ban people from betting against financial stocks might be a salve for the market's turmoil but could also carry serious unintended consequences.In a bid to shore up investor confidence in the face of the spiraling market crisis, the Securities and Exchange Commission temporarily banned all short-selling in the shares of 799 financial companies.

By MARCY GORDON and STEVENSON JACOBS

7 minute read

November 04, 2009 | Daily Report Online

WASHINGTON AP - JPMorgan Chase Co. has agreed to pay $75 million in fines and forfeit $647 million in fees to settle federal regulators' charges that it made unlawful payments to friends of public officials to win municipal bond business in Jefferson County, Ala.The Securities and Exchange Commission on Wednesday announced the settlement with JPMorgan.

By MARCY GORDON

4 minute read

August 25, 2009 | Daily Report Online

WASHINGTON AP - The Securities and Exchange Commission and Bank of America Corp. on Monday defended the fairness of their proposed $33 million settlement over executive bonuses paid out by Merrill Lynch, and the bank maintained it didn't mislead investors in the affair.In a court filing, Bank of America suggested that shareholders should have already known about the $3.

By IEVA M. AUGSTUMS and MARCY GORDON

4 minute read

January 27, 2009 | Daily Report Online

By MARCY GORDON

4 minute read

November 02, 2009 | Daily Report Online

WASHINGTON AP - As Bernard Madoff sat in jail a few months after pleading guilty to fraud, he sounded faintly boastful.The only problem with officials at the Securities and Exchange Commission's Washington headquarters, he said, is that he had "too much credibility with them and they dismissed" the idea that he was scheming people out of billions of dollars.

By MARCY GORDON

4 minute read

April 28, 2010 | Daily Report Online

WASHINGTON AP - A Senate showdown has put Goldman Sachs' defense of its conduct in the run-up to the financial crisis on display before indignant lawmakers and a national audience. Democrats hope it also builds momentum for legislation, now before the Senate, to tighten regulation of the nation's financial system.

By MARCY GORDON and TOM RAUM

6 minute read

January 12, 2010 | Daily Report Online

WASHINGTON AP - Federal regulators have expanded their charges against Bank of America Corp. over billions in bonuses paid at Merrill Lynch, accusing the bank of failing to disclose mounting losses at Merrill before a shareholder vote approving the combination of the two firms.The Securities and Exchange Commission announced Monday it had asked a federal judge in Manhattan to allow it to file the new civil charges against the biggest U.

By MARCY GORDON

5 minute read

May 12, 2009 | Daily Report Online

By MARCY GORDON

4 minute read