SEC Would Rather Fight Judge Than Try To Win A Real Victory Over Citigroup

SEC Would Rather Fight Judge Than Try To Win A Real Victory Over Citigroup

Back in November, a U.S. District Court judge in Manhattan rained all over the Securities and Exchange Commission’s Thanksgiving parade when he refused to sign off on the regulator’s $285 million settlement with Citigroup because — as is usual in these sorts of deals — the bank neither admitted guilt nor defended itself. But rather than take the judge’s decision as an impetus to push harder on Citi, the SEC reportedly just wants the court to stop being such a wet blanket and let it have its settlement already. [More]