Regulatory & Compliance | 09.20.23
Wall Street Faces Rising Fines From SEC
by: Dave Michaels
Big banks and brokerage firms are facing stiffer penalties to settle regulatory investigations, including those that don’t result in losses for investors. The U.S. Securities and Exchange Commission (SEC) settles most of its enforcement cases, and Wall Street firms prefer to pay fines and avoid litigation that would put more heat on executives. But SEC officials under Chair Gary Gensler are seeking higher fines to settle, even if prior offenders paid less.
Read the full article on Wall Street Journal