TARP Influence On SEC Fines Eyed

11 Sep 2009

The inspector general monitoring the Securities and Exchange Commission has begun looking into whether bailout funds may have influenced the size of SEC fines imposed on institutions that received government money.

The inspector general monitoring the Securities and Exchange Commission has begun looking into whether bailout funds may have influenced the size of SEC fines imposed on institutions that received government money. Rep. Elijah Cummings (D-Md.) has asked David Kotz, the inspector general, to investigate a $33 million penalty ...

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