Roundtable-Securities
Feb. 1, 2012
Securities
Berman DeValerio Keker & Van Nest Morrison & Foerster Orrick Herrington & Sutcliffe Scott + Scott
Judge Jed S. Rakoff of the Southern District of New York made headlines last December when he rejected a $285 million settlement between the SEC and Citigroup, stating that the commission's failure to require the bank to admit or deny the charges left him unable to determine if the settlement was fair. The decision comes amidst accusations that the SEC needs to be tougher on financial institutions. Our panel of experts discusses the impact of Rakoff's decision, Chinese...
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