Security and Exchange Commission News
Security and Exchange Commission News From AOL News
Billionaire Brothers Charged: 6 Standout Facts About Samuel and Charles Wyly
Jul 30th 2010 – 11:24AM
(July 30) -- A six-year investigation culminated on Thursday when the Securities and Exchange Commission charged Dallas billionaire brothers Samuel and Charles Wyly with securities fraud violations totaling $550 million in hidden gains. According to The New York Times, the Wylys have stated, through a lawyer, that the...
Background on Security and Exchange Commission
The U.S. Securities and Exchange Commission (frequently abbreviated SEC) is a federal agency which holds primary responsibility for enforcing the federal securities laws and regulating the securities industry, the nation's stock and options exchanges, and other electronic securities markets in the United States.
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