U.S. judge approves but critiques SEC's 'phantom' deal with bank

NEW YORK (Reuters) - The U.S. Securities and Exchange Commission on Wednesday won approval of a settlement with failed Cayman Islands-based Caledonian Bank Ltd, despite criticism by a federal judge of the regulator's handling of the case and of the accord itself.

from Reuters: U.S. http://ift.tt/2dkL6D4