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US SEC chief Schapiro to step down
Nov 26, 2012 16:11 EST
US Securities and Exchange Commission chief Mary Schapiro announced Monday that she will step down, nearly four years after taking charge of the key markets regulator in the middle of the financial crisis.
Nasdaq hikes payout figure for botched Facebook IPO
Jul 21, 2012 12:02 EDT
Nasdaq raised to $62 million the amount of money it will set aside to cover trading losses due to computer glitches that disrupted the launch of Facebook shares onto the market.
PFG chief arrested for lying to regulators
Jul 13, 2012 16:19 EDT
The head of collapsed US futures broker Peregrine Financial Group was arrested Friday on criminal charges, days after he apparently attempted suicide and confessed to fraud in a signed statement.
NYSE cries foul as Nasdaq sets Facebook payout deal
Jun 06, 2012 17:36 EDT
Nasdaq said Wednesday it is setting aside $40 million to cover brokers' trading losses due to computer glitches that disrupted the launch of Facebook shares onto the market on May 18.
Nasdaq sets aside $40 mn for Facebook compensation
Jun 06, 2012 14:00 EDT
Nasdaq said Wednesday it is setting aside $40 million to cover brokers' trading losses due to computer glitches that disrupted the launch of Facebook shares onto the market on May 18.
Facebook IPO debacle raises investor dander
May 25, 2012 13:19 EDT
The spate of complaints and investigations over the Facebook stock offering suggests big institutions had an edge over small investors, raising questions about the process.
Lawsuits mount over Facebook IPO debacle
May 23, 2012 22:37 EDT
Trial lawyers smelled blood as furious investors began filing suits over losses on Facebook's disastrous $16 billion IPO, with billions of dollars possibly at stake in coming litigation.
Underwriters blasted as Facebook shares sink again
May 22, 2012 19:51 EDT
Facebook shares sank further Tuesday amid new accusations that key underwriters had cut their forecasts for the company just days before Friday's initial public offering.
Goldman fined $22 mn for leaky research
Apr 12, 2012 13:14 EDT
Goldman Sachs will pay a $22 million fine to settle charges that it allowed a select group of investor clients to get tip-offs on equity research, US regulators said Thursday.
Wall St fights back vs expert witness in lawsuits
Feb 14, 2012 08:02 EST
(Reuters) - For years, Craig McCann played a prominent role as a top expert witness, his testimony helping to win millions of dollars for investors who sued financial companies.
Wall Street fights back against expert witness in lawsuits
Feb 14, 2012 08:02 EST
(Reuters) - For years, Craig McCann played a prominent role as a top expert witness, his testimony helping to win millions of dollars for investors who sued financial companies.
Insight: How Allen Stanford kept the SEC at bay
Jan 26, 2012 16:23 EST
(Reuters) - In 2009, federal investigators finally arrested Houston financier R. Allen Stanford. For twenty years, Stanford allegedly had run a $7 billion Ponzi scheme from his offshore bank on the Caribbean island of Antigua. U.S. authorities had been nosing around Stanford's empire for longer than a decade but hesitated to open a full-blown probe.
Merrill fined $1 million for failure to arbitrate
Jan 25, 2012 10:24 EST
(Reuters) - Merrill Lynch agreed to pay a $1 million fine for failing to arbitrate disputes with employees about retention bonuses related to its 2009 merger with Bank of America Corp <BAC.N>, the Financial Industry Regulatory Authority said on Wednesday.
Former Red Sox catcher wins case against Merrill
Jan 23, 2012 16:18 EST
(Reuters) - Former Red Sox catcher Doug Mirabelli has earned another victory, this time off the field.
In MF Global, JPMorgan again at center of a financial failure
Jan 18, 2012 19:28 EST
(Reuters) - In late October, as MF Global Holdings Ltd teetered toward bankruptcy, Jon Corzine phoned his close-knit circle of Wall Street friends for help.
Insight: SEC tightens leash on exchanges post "flash crash"
Jan 12, 2012 14:50 EST
NEW YORK/WASHINGTON (Reuters) - The May 2010 "flash crash" was bad for almost everyone involved in the stock market, but for the Securities and Exchange Commission, it was a disaster.
MF Global's Corzine: I did not intend to break rules
Dec 08, 2011 15:12 EST
WASHINGTON (Reuters) - Jon Corzine said he "never intended to break any rules" while he was chief of MF Global and that he doesn't know what happened to the hundreds of millions of dollars in missing customer money.
Corzine says clueless about missing MF Global money
Dec 08, 2011 13:42 EST
WASHINGTON (Reuters) - Former MF Global chief Jon Corzine apologized to those harmed by the brokerage firm's collapse, but said he didn't directly manage customer funds and doesn't know where the missing money is.
Corzine sorry, puzzled by missing MF Global money
Dec 08, 2011 10:10 EST
WASHINGTON (Reuters) - Former MF Global chief Jon Corzine apologized to customers, employees and investors who have suffered because of the brokerage firm's collapse, but said he does not know where missing customer money is.
Corzine sorry, puzzled by missing MF Global money
Dec 08, 2011 09:15 EST
WASHINGTON (Reuters) - Former MF Global chief Jon Corzine apologized to customers, employees and investors who have suffered because of the brokerage firm's collapse, but said he does not know where missing customer money is.
