An official at the US Securities and Exchange Commission broke ranks with other commissioners and voted against granting BNP Paribas a waiver to continue operating several investment advisory units in the United States. Kara Stein, a Democratic SEC commissioner who has recently demanded more accountability for big banks who break the law, was the sole dissenting vote on Monday on the temporary waiver, according to a document made public this week. BNP's application was granted the same day that BNP, France's largest bank, pleaded guilty to criminal charges it violated US ...
US SEC official dissented on BNP Paribas waiver
BNP's application was granted same day that BNP, France's largest bank, pleaded guilty to criminal charges it violated US sanctions