Securities and Exchange Commission Chair Mary Jo White says her team will not shy away from high-stakes trials, and not just strike settlements with wrongdoers, but a string of recent court setbacks shows she has her work cut out for her. On Tuesday, a federal judge in California rejected a […]
Author: InvestAdvocate
Nigeria’s Jonathan told not to stand in 2015 by mentor Obasanjo
* Obasanjo compares situation with brutal Abacha-rule * Former leader says Jonathan promised not to seek 2nd term * Presidency says claims are reckless and baseless * Letter comes days after $50 bln oil scandal (Adds ages of presidents, Obasanjo quote in par 4) One of Nigerian President Goodluck Jonathan’s […]
Bank of America’s Merrill to pay $132 million in SEC case over mortgages
Bank of America Corp (BAC.N) has agreed to pay $131.8 million to settle U.S. Securities and Exchange Commission charges that its Merrill Lynch unit misled investors about mortgage securities it structured and sold. Thursday’s settlement marks the latest enforcement action against Wall Street banks over the marketing of collateralized debt […]
