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29 Nov 2011, 12:35 am by Kevin LaCroix
In a strongly worded November 28, 2011 opinion (here), Southern District of New York Judge Jed Rakoff rejected the proposed $285 million settlement of the enforcement action that the SEC brought against Citigroup Capital Markets. [read post]
28 Nov 2011, 11:55 pm
On November 28, 2011, United States District Judge Jed S. [read post]
28 Nov 2011, 8:57 pm by Joe Markowitz
(Wikimedia Commons)Judge Jed Rakoff of the Southern District of New York today rejected a proposed consent judgment and  $285 million settlement of an SEC enforcement action against Citigroup. [read post]
28 Nov 2011, 6:53 pm by eithurburn@getnicklaw.com
In an opinion issued today, Southern District of New York Judge Jed Rakoff rejected the S.E.C. [read post]
28 Nov 2011, 4:50 pm by Colin O'Keefe
The big news of the day comes as Judge Jed Rakoff rejects Citigroup's proposed $285 million settlement with the SEC. [read post]
28 Nov 2011, 2:38 pm by Phillips & Cohen
Judge Jed Rakoff has rejected a settlement between the Securities & Exchange Commission and Citigroup, saying that it "is neither fair, nor reasonable, nor adequate, nor in the public interest. [read post]
28 Nov 2011, 2:20 pm by Joe Palazzolo
Robert Khuzami Robert Khuzami, director of the SEC’s enforcement division, issued this statement Monday afternoon on Judge Jed Rakoffs rejection of the agency’s proposed $285 million settlement with Citigroup over a mortgage-bond deal. [read post]
28 Nov 2011, 12:07 pm
District Judge Jed Rakoff cited the public's need for clarity about the financial markets. [read post]
25 Nov 2011, 8:42 am by William McGrath
A Thursday, November 24, 2011 article from Bob Van Voris on Bloomerg.com states that Citigroup Global Markets, Inc. may have to pay more than the proposed $285 million settlement with the SEC to satisfy Judge Jed Rakoff that the accord is fair. [read post]
15 Nov 2011, 9:56 am by admin
Judge Jed Rakoff commented that SEC civil money penalties in a case like this one are designed to make insider trading a “‘money-losing proposition not just for this defendant, but for all who would consider it, by showing that if you get caught … you are going to pay severely in monetary terms. [read post]