Three Big Banks Subject of "Heavy SEC Investigations"

The U.S. Securities and Exchange Commission has significantly raised the number of previously undisclosed investigations into certain big banks to a new level, labeling them as “voluminous” in official documentation and classifying some as having an ominous “law enforcement exemption” to Freedom of Information Act (FOIA) requests.  Some of the big banks have failed to disclose the existence of these investigations in their mandated 10-K SEC filings, according to excellent research put together by Probes Reporter.

Big banks under increased investigation upon FOIA requests

Recently revealed FOIA requests made public in the Probes Reporter shows a steady increase in investigations...