SEC Lobs Another Soft Admission With Credit Suisse Deal

Law360, New York (October 6, 2016, 11:10 PM EDT) -- The U.S. Securities and Exchange Commission may be justifiably pleased about snagging yet another admission of wrongdoing with Wednesday's Credit Suisse settlement, but experts say the bank's admission to negligence-based fraud shows a cozier side of the agency's enforcement efforts.

In the settlement, Credit Suisse AG agreed to pay an impressive $90 million fine and give the agency a rare admission of wrongdoing by conceding that it veered from its publicly disclosed method for calculating a key metric for assessing its wealth management business — new net assets — in order to meet metric targets. As a result of the misleading...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS