Milwaukee Federal Judge: SEC Settlements Too Weak (for 12/23/11)

Milwaukee Federal Judge Rudolph Randa ruled that SEC's settlement with headphone manufacturer Koss Corporation, which the agency charged with accounting fraud from 2005 to 2009. Randa asked the SEC to provide additional evidence that it could enforce provisions in the settlement, in which Koss promised to no longer engage in fraduluent accounting. http://www.huffingtonpost.com/2011/12/22/sec-settlement-judge-koss_n_1165792.html http://www.bloomberg.com/news/2011-12-21/sec-s-court-troubles-in-citigroup-settlement-echo-in-wisconsin.html

SEC Regulations Target Lower Ranking Bankers, Not Their Bosses (for 12/4/11)

The SEC has gone after lower ranking bankers in their suits against banks, such as JP Morgan, Goldman Sachs, and Citigroup. It can charge the executives or management team of a bank with "failure to supervise."
http://www.huffingtonpost.com/2011/11/15/sec-regulations-targeting-low-level-bankers-instead-supervisors_n_1095915.html?ref=goldman-sachs

Top Six Executives at J.P. Morgan Chase Each Got Paid $10 Million-Plus in 2010

On page 24 of this report filed with the SEC, banking giant J.P. Morgan Chase reports that it has paid each of its top six executives $11 million-plus each. Each of them received bonuses worth over $3.4 million in 2010. Jamie Dimon, the bank's CEO, took home total pay of over $20.8 million.
http://www.sec.gov/Archives/edgar/data/19617/000119312511091290/ddef14a.htm#toc149447_12