Articles by Nicola M. White

Macy’s to Claw Back Executive Bonuses Due to Accounting Scandal

Macy’s Inc. is clawing back more than $600,000 in cash bonuses from executives after an accounting scandal led to inflated pay. The department-store operator tied executives’ cash bonuses to an earnings metric that turned out to be overstated by around …

SEC’s Uyeda Expects Slowdown in Rulemaking After ‘Ambitious’ Biden Era

The interim chief of the US Securities and Exchange Commission says he expects a slowdown in the Wall Street regulator’s rulemaking after three-and-half “overly ambitious” years of pursuing market reforms. “The way I look at financial regulation is, we’re not …

Trump Picks Atkins, Ex-SEC Commissioner, to Succeed Gensler

Paul Atkins is President-elect Donald Trump’s choice to lead the US Securities and Exchange Commission, suggesting four years of relaxed policy and enforcement for crypto firms to hedge funds. Trump selected Atkins to replace outgoing Chair Gary Gensler, whose ambitious …

SEC’s Penalties, Relief Hit All-Time Record of $8.2 Billion

The US Securities and Exchange Commission’s fines and investor relief hit an all-time record in fiscal 2024. The agency’s enforcement actions led to $8.2 billion in penalties and reimbursement to investors, though the number of cases declined 26% compared with …

SEC Accuses Four Firms of Downplaying SolarWinds-Related Hacks

Four hacked companies will pay a total of almost $7 million to settle US Securities and Exchange Commission allegations that they downplayed the significance of the cyberattacks, the latest fallout from the massive SolarWinds Corp. breach. Unisys Corp., Avaya Holdings …

SEC to Increase Scrutiny of AI Tools Used by Financial Brokers, Advisers

The US Securities and Exchange Commission’s examiners will step up scrutiny of financial firms’ use of artificial intelligence next year, the latest sign of regulators’ growing concerns about the emerging technologies. Investment advisers, brokers, clearing agencies and others can expect …