Chairwoman Mary Schapiro announced her intention to leave the U.S. Security and Exchange Commission (SEC) in December, according to the New York Times.
Democratic Super PACs are drawing big dollar donors, according to a report by the New York Times. However, Times reporter and former staff writer for the liberal American Prospect, Nicholas Confessore, grossly understated the political contributions one of President Barack Obama’s biggest supporters.
The SEC has fined banking giant Goldman Sachs $8 million for a pay-to-play scheme with a former Democratic official in Massachusetts.
The Securities and Exchange Commission is looking into possible insider trading by Wall Street executives following a private 2008 meeting with then Treasury Secretary Hank Paulson.
The New York Times reported Wednesday on previously undisclosed documents showing the breadth of Hollywood mogul Jeffrey Katzenberg’s support for the Obama campaign since 2008.
Prominent hedge-fund manager and Obama donor Alphonse “Buddy” Fletcher is embroiled in a legal battle with three Louisiana-based pension funds seeking to recoup a $100 million investment with his firm.
The Treasury Department is pushing for a new batch of regulations on money market mutual funds to dispel consumer notions that the funds are backed by a government guarantee—a notion created by a bailout forced on the industry against its wishes in 2008.