Enron fraud agreement
Mark Koenig, former executive vice-president of Enron, has agreed to pay $1.49 million (£831,000) to settle fraud charges related to the bankrupt energy company, according to the US Securities and Exchange Commission (SEC). Mr Koenig settled with the SEC without admitting or denying the charges.
Wachovia to sell branches
Wachovia, the US banking group, has been forced to sell 18 bank branches to gain approval from US competition authorities for its $14.3 billion (£8 billion) takeover of SouthTrust. The Justice Department said Wachovia would have to make the disposals in Florida and Georgia to preserve competition.
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SEC settles broker actions
The US Securities and Exchange Commission revealed that it had settled enforcement actions against seven broker-dealers, after they failed to disclose that they had received payments for providing research coverage of some public companies.