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?

Limited partnerships that delegate voting and investment control over their securities portfolios to their general partners’ agents are still considered insiders for purposes of insider trading liability, the 2nd U.S. Circuit Court of Appeals has ruled.

J.P. Morgan Securities’ insurers will not have to cover any of a $250 million settlement with the SEC over alleged deceptive market timing, a unanimous New York appellate panel ruled Tuesday.