Occupy the SEC is a group of concerned citizens, activists, and financial professionals with decades of collective experience working at many of the largest financial firms in the industry. This is our roundup of juicy press about Wall Street and financial regulation, for this week.
- SAC Capital will pay a record fine of $616 Million for insider trading with more possible charges to come. Could very well get filed under bad since, they don’t have to admit wrongdoing. Peter Lattman at The New York Times. March 15, 2013
- Regulators agree with the nation's four biggest banks that they need not conduct shareholder votes on over whether or not they are too big. David Henry at Reuters. March 22, 2013
- Wow. Less than a week after Carl Levin delivers a scathing report on the “London Whale” derivative trades, the House Agriculture Committee holds a mark-up session on new bills that would gut the few Dodd-Frank regulations regarding derivatives. (And, yes, the Agriculture Committee has the jurisdiction) David Dayen at Salon. March 20, 2013
This was originally posted at Occupy the SEC.