Trillions of dollars of financial assets are at risk of losses related to the climate. The Biden administration is moving to require public companies to disclose their climate risk to investors.
In an investigation by The New York Times, reporters discovered that the SEC is regularly declaring that the strictest penalties for fraud, penalties it regularly imposes on other businesses, often are not imposed on Wall Street investment banks.
Did the SEC have a conflict of interest in dealing with Bernie Madoff? Louise Story, Wall Street and finance reporter for The New York Times, has the details.
Following news on big earnings and a fraud suit filed against them, Goldman Sachs is claiming that they would never knowingly attempt to defraud clients. Will this help restore confidence in the company?
On Friday the Securities and Exchange Commission announced a civil suit against Wall Street giant Goldman Sachs, after uncovering what the SEC calls significant evidence of fraud during the run-up to the current financial crisis.
On the first anniversary of the Lehman Brothers bankruptcy, President Obama visited New York City to make a case for expanding federal regulation of Wall Street. The Takeaway parses the President's speech and the impediments to regulatory reform.
S.E.C. Inspector General David Kotz released a report stating that the agency had missed numerous opportunities to bust Bernie Madoff and his 16-year Ponzi scheme. The Takeaway talks to David Scheer, S.E.C. reporter for Bloomberg News.
Two strange bedfellows will face a judge in federal court today: Bank of America and the Securities and Exchange Commission. The Takeaway talks to Louise Story, finance reporter for The New York Times.
Author Michael Lewis, who chronicled the excesses of Wall Street in his book 'Liar's Poker,' talks to The Takeaway about the SEC.
The House Financial Services committee met yesterday to hear testimony to determine whether regulators could have caught on to Bernard Madoff's Ponzi scheme before it caused so much damage. Guest: Stephen Harbeck, Security Investor Protection Corporation