Financial Regulatory Forum

By Jonathan Stempel and Grant McCool
NEW YORK, Sept 14 (Reuters) – A federal judge rejected Bank of America Corp’s $33 million settlement with the U.S. Securities and Exchange Commission over Merrill Lynch & Co bonuses as a contrivance, and New York’s top legal officer prepared to sue senior bank executives.

(more…)

By Jonathan Spicer
NEW YORK, July 20 (Reuters) – New York’s attorney general, probing illegal marketing and sales of auction rate securities, intends to charge Charles Schwab Corp  with civil fraud and has reached a settlement with rival TD Ameritrade Holding Corp, his office said on Monday. (more…)

WASHINGTON/NEW YORK, July 13 (Reuters) – Steven Rattner will leave as head of the U.S. autos task force, which oversaw bankruptcies at General Motors Corp and Chrysler Group, at a time when a probe into how the private equity firm he co-founded gained New York pension business has intensified. (more…)