Claims that the SEC gives special treatment to connected individuals continue to dog the US markets regulator. Susan Beck reports
Call it reverse accountability. In the wake of the financial crisis, the US Securities and Exchange Commission (SEC) has often been criticised for failing to charge any top executives when it sues a big institution. But one case stands out as an exception. In February, the SEC announced it would settle fraud charges against Ralph Cioffi (pictured left) and Matthew Tannin (pictured right), the former Bear Stearns hedge fund managers who oversaw a 2008 implosion of their funds that led to $1.6bn (£1bn) in investor losses.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
