Tag Archives: waivers

“Bad Actor” Waivers Getting Harder to Get

After giving an investment adviser that failed to get clients’ consents for 21,000 trades a “bad boy” waiver, the Securities and Exchange Commission is now considering punishing JP Morgan. The Wall Street Journal reports that the Commission is thinking about … Continue reading

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Obama Nominates 2 Women To SEC

President Barack Obama on Tuesday selected Democrat Lisa Fairfax and Republican Hester Peirce to serve on the Securities and Exchange Commission. Ms. Fairfax would replace Luis Aguilar, whose term expired, and Ms. Peirce would replace Daniel Gallagher who left the … Continue reading

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Bringing “Bad Boy” Waivers Into the Light

Rep. Maxine Waters (D-CA) is talking about introducing a bill that would crack down on SEC’s “bad boy” waivers that have been handed out to the money center banks recently. The proposed legislation is apparently going to make waiver requests, … Continue reading

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Too Big For “Bad Boy” Sanctions?

The SEC Commissioners are struggling over whether a big money center bank can be “too big to be a bad actor.” Bloomberg reports that the Democratic-appointed Commissioners are arguing that Bank of America should not get a “bad boy” waiver … Continue reading

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