The SEC has charged McDonald’s former CEO

The Securities and Exchange Commission accused Stephen J. Easterbrook, former CEO of McDonald’s Corporation, today of making false and misleading statements to investors regarding the…

Market maker Virtu brings a record-request lawsuit against the U.S. SEC

In an uncommon move, Virtu filed a lawsuit against the U.S. Securities and Exchange Commission on Tuesday, claiming that its chief regulator had failed to reply to a request for public documents. Virtu, a market maker with a sizable equity business, claimed it filed a Freedom of Information Act (FOIA) request in June to ascertain whether the SEC had complied with legal requirements to assess potential investor harm and market risks while taking new rules for the handling and execution of retail stock orders into consideration. “What we’re doing is exercising our rights as citizens … to understand what this Chair is looking at and who he’s meeting…