The SEC hit U.S. companies accused of wrongdoing with much bigger fines in the past year, signaling the Biden administration's tougher regulatory stance
WASHINGTON—Wall Street’s top watchdog this year collected some of its highest fines ever from firms accused of wrongdoing, underscoring the Biden administration’s tougher regulatory stance.
The Securities and Exchange Commission imposed 13 fines greater than $100 million on public companies during its latest fiscal year that ended Sept. 30, up from the prior year’s three cases at that level. In some other recent years, the SEC didn’t levy any fines that large.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wall Street Shrugs Off Biden and Reaffirms Commitment to Saudi MonarchyAlthough Biden has openly threatened to reconsider the close ties between the United States and Saudi Arabia, the financial industry appears certain he’s not ready to put his money — or theirs — where his mouth is.
Read more »
Biden offers New York rabbi ‘open door’ to boost Sean Patrick Maloney’s re-election bid: reportPresident Biden called a prominent Hudson Valley rabbi to urge him to back the re-election of embattled 5-term Democrat incumbent Rep. Sean Patrick Maloney.
Read more »
Houston and Matagorda ISD granted funding for electric school buses by Biden administrationElectric school buses are expected to hit the streets of Houston in 2024 as part of the Biden administration's 'Clean School Bus Program.'
Read more »
Biden zeroes in on economic message as campaign winds downWASHINGTON (AP) — President Joe Biden is zeroing in on a largely economic-focused message Thursday amid raging inflation and recession risks as he takes his closing argument for the Nov.
Read more »
LIVE: Biden zeroes in on economic message as campaign winds downPresident Joe Biden is zeroing in on a largely economic-focused message amid raging inflation and recession risks as he makes his closing argument for the November midterm elections.
Read more »