Regulation & Compliance
SEC Testing ‘Customized’ Punishments
The U.S. Securities and Exchange Commission is experimenting with punishments that more closely fit the wrongdoing at issue in a bid to give its enforcement cases more bite. Criticized for its ...Judge Rules Secret FBI Letters To Banks, Other Cos. Unconstitutional
A federal judge has ruled that the FBI's practice of issuing so-called national security letters to banks, phone companies and other businesses is unconstitutional, saying the secretive demands for ...Cohen’s SAC To Pay $616 M In SEC Insider Trade Settlement
Hedge fund titan Steven A. Cohen's firm is paying $615.7 million to settle charges that it improperly traded in two stocks, in what is the largest-ever, insider trading settlement, U.S. securities ...Court Upholds Florida OIR Position On Sinkhole Coverage
A Florida court has upheld a decision by state insurance regulators that property insurers must offer sinkhole loss coverage in an amount equal to the dwelling coverage limit. Farm Bureau asked the ...