SEC lawsuit

The Securities and Exchange Commission announced Friday it has reached a $10 million settlement with IBM, over allegations the company violated accounting and internal control provisions relating to the alleged bribery of Chinese and South Korean government officials.

U.S. District Court Judge Jed Rakoff is famous -- or infamous -- for his zeal in righting Wall Street's wrongs. But the Galleon insider trading civil suit he's presiding over has just earned him a wrist-slap from the Second Circuit Court of Appeals.

Citigroup (C) got hit with a $75 million fine to settle SEC allegations that it mislead its investors about its subprime mortgage asset exposure, the Securities and Exchange Commission announced Thursday. Citigroup's former chief financial officer Gary Crittenden and its former investor relations...