Five Guilty Banks Said Granted SEC Waivers After FX Pleas

The five banks that agreed to plead guilty to charges tied to foreign-exchange rigging received the permission they needed from the U.S. Securities and Exchange Commission to keep their businesses running unimpeded, a person familiar with the matter said.

The waivers were approved in a vote by the five-member commission in a closed meeting late Tuesday, said the person, who asked not to be named because the matter isn’t public. Banks pleading guilty need waivers from the SEC to continue managing mutual funds and raising capital quickly.