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View Full Version : Promises Made, Then Broken, by Firms in SEC Fraud Cases - New York Times



FraudNews
11-08-2011, 02:47 AM
table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNFGdYkBLtAS3WILRPnTEz FIfO_9vQamp;url=http://www.nytimes.com/2011/11/08/business/in-sec-fraud-cases-banks-make-and-break-promises.htmlimg src=http://nt2.ggpht.com/news/tbn/1lQQK5q8YOc8pM/0.jpg alt= border=1 width=80 height=51 /br /font size=-2New York Times/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNFGdYkBLtAS3WILRPnTEz FIfO_9vQamp;url=http://www.nytimes.com/2011/11/08/business/in-sec-fraud-cases-banks-make-and-break-promises.htmlbPromises Made, Then Broken, by Firms in SEC bFraud/b Cases/b/abr /font size=-1bfont color=#6f6f6fNew York Times/font/b/fontbr /font size=-1Senator Carl Levin, left, a Michigan Democrat, said the SEC#39;s method of settling bfraud/b cases, is “a symbol of weak enforcement.quot; Robert Khuzami, the SEC#39;s enforcement director, said never-do-it again promises were a deterrent, especially when there b.../b/fontbr /font size=-1a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNHlSGnpc1AEahMiwEcMk4 GRCeUWxQamp;url=http://online.wsj.com/article/SB10001424052970204190704577024070780201362.htmlSE C Defends Citi Settlement/afont size=-1 color=#6f6f6fnobrWall Street Journal/nobr/font/fontbr /font size=-1a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNEc_n3-3-KOJ_Knwe0J8zzpA2yW9Aamp;url=http://www.canadianbusiness.com/article/55838--sec-tells-judge-that-285m-settlement-with-citigroup-is-fair-penalty-to-settle-fraud-chargesSEC tells judge that $285M settlement with Citigroup is fair penalty to settle b.../b/afont size=-1 color=#6f6f6fnobrCanadianBusiness.com/nobr/font/fontbr /font size=-1a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNEbMHYqNhS-0HbLOZGwi7hGrRdYPgamp;url=http://www.businessweek.com/news/2011-11-07/citigroup-sec-defend-285-million-cdo-settlement-as-fair.htmlCitigroup, SEC Defend $285 Million CDO Settlement as Fair/afont size=-1 color=#6f6f6fnobrBusinessWeek/nobr/font/fontbr /font size=-1 class=pa href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNFdWVYH00Wu5SPPZrFtLr 7Eg3FcYwamp;url=http://www.washingtonpost.com/business/sec-tells-judge-that-285m-settlement-with-citigroup-is-fair-penalty-to-settle-fraud-charges/2011/11/07/gIQArnGmvM_story.htmlnobrWashington Post/nobr/anbsp;-a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNGfeOMEANpPuokWJghedM PVmNXs_gamp;url=http://www.moneycontrol.com/news/world-news/sec-citigroup-seek-ok-for-36285-million-accord_612855.htmlnobrMoneycontrol.com/nobr/anbsp;-a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNFLBOZRLzCyKWncIUPliG AJeIAJsQamp;url=http://www.reuters.com/article/2011/11/07/us-sec-citigroup-idUSTRE7A64AW20111107nobrReuters/nobr/a/fontbr /font class=p size=-1a class=p href=http://news.google.co.za/news/more?pz=1amp;ned=en_zaamp;ncl=d-CylNO8o4CFSkMYqNCpH-VCExXXMnobrball 109 news articlesnbsp;raquo;/b/nobr/a/font/div/font/td/tr/table

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