SEC closes Swedbank probe - here's what this means for your investments
Key Points
- The SEC closed its six-year investigation into Swedbank with...
The SEC just wrapped up a six-year investigation into Swedbank faster than most people change their investment strategies. After poking around the Swedish bank's money laundering mishaps since 2019, regulators decided to close the case without any enforcement action - which is basically the financial equivalent of getting pulled over for speeding and being told to "drive safely."
When One Door Closes, Two More Investigations Open
Before Swedbank investors start celebrating with Swedish meatballs, there's a small catch: the Department of Justice and New York's Department of Financial Serv...
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