Category DOJ

The NASD, the SEC and the DOJ did not disclose critical information

The NASD was a self-regulatory organization of the securities industry responsible for the operation and regulation of the Nasdaq stock market and over-the-counter markets. The NASD watches over the Nasdaq to make sure the market operates correctly. In 2007, the NASD merged with the New York Stock Exchange’s regulation committee to form the Financial Industry […]

DOJ Halted SEC’s Investigation Into Stanford Financial

The Securities and Exchange Commission [SEC] was told to stand down in its investigation of billionaire financier Robert Allen Stanford’s global banking empire by the Department of Justice, according to the chairman of the Domestic Policy Subcommittee of the Oversight and Government Reform Committee. The SEC received numerous reports of the fraud being carried on […]