2014-06-13 US: The courts continue to support the criminality of the banking system

Revisiting SEC Consent Decrees in the Wake of SEC v. Citigroup By Mik Shin-Li on Jun 12, 2014 01:19 pm With the Second Circuit’s recent reaffirmation of the SEC’s substantial discretion in negotiating the terms of settlement—notably vacating Judge Jed Rakoff’s rejection of the proposed $285 million settlement in SEC v. Citigroup Global Markets, Inc.—eyes are turning to the decision’s immediate impact on at least one other high-stakes case:  a $602 million insider trading settlement... Continue Reading http://whitecollarbriefly.us6.list-manage.com/track/click?u=1684e2d964bfa9b5d101ab1dc&id=2497b05efb&e=f0c0c7a10a