As Facebook files its initial public offering paperwork with the Securities and Exchange Commission, regulators and potential investors will examine the company under a fiscal microscope and decide just how much they “like” its operational structure. What are the top three concerns for regulators?

The Securities and Exchange Commission offers no-admit settlements in about 99 percent of its cases. But companies aren’t the only defendants to benefit from these pacts. So do individuals, especially in-house counsel, by avoiding the nasty collateral consequences.

New York federal district court Judge Jed Rakoff’s decision to reject the Securities and Exchange Commission’s $285 million Citigroup settlement inspired a judicial counterpart in Wisconsin to question a proposed SEC deal with another company. Can the SEC avoid a Citi sequel in Milwaukee?

Convicted insider trader Raj Rajaratnam was hit with a $92.8 million penalty Tuesday as New York federal Judge Jed S. Rakoff granted summary judgment for the Securities and Exchange Commission in the parallel civil case against the Galleon Group hedge fund founder.

The U.S.