Listen

U.S. Securities and Exchange Commission

puco.ohio.gov

Akron-based FirstEnergy reported Thursday that some former executives improperly paid a firm tied to a future Ohio utility regulator 4 million dollars early last year to terminate “a purported consulting agreement” in place since 2013.

The government agency responsible for policing Wall Street brought the fewest number of insider trading cases in decades, according to the most recent available data.

That decline came just before the COVID-19 pandemic hit. The Securities and Exchange Commission now warns that the pandemic has created wild swings in the market and more opportunities for insider trading.

NPR reviewed data from the 1980s through last year and found that under the Trump administration, the SEC brought just 32 insider trading enforcement actions in 2019, the lowest number since 1996.

twitter.com

The U.S. Securities and Exchange Commission is fining a Cleveland-area investment firm 100 thousand dollars over recent campaign contributions that federal officials say violated pay-to-play rules.