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Madoff Guilty Plea Cheats Public Bernard Madoff pleaded guilty in federal district court in New York to all 11 coutns against him, waiving his right to an indictment, avoiding the humiliation of a trial, and depriving his victims and the public of what might have been a public course in how Ponzi schemes work, and how even sophisticated investors can be played for dupes. 03/13/09
Missing billionaire found in Virginia The FBI locates and officially serves papers to financier Robert Allen Stanford, who is accused of running a $9.2 billion investment fraud scheme. 02/19/09
Ketchum to Take Over for Schapiro at Finra The Financial Industry Regulatory Authority plans to name veteran regulator Richard Ketchum as its new chief executive, succeeding Mary Schapiro, who just became chairman of the Securities and Exchange Commission, according to people familiar with Finra. 02/19/09
Fed should know that nothing's 'shocking' The new economic forecast for 2010 is downright rosy -- but that's partly because it excludes the possibility of 'further shocks.' Is that really realistic? 02/19/09
US files new lawsuit in UBS bank secrets case Federal authorities have fined a lawsuit against Swiss-based bank UBS AG seeking the identities of tens of thousands of U.S. customers. 02/19/09
Dow stumbles to 6-year low Bank stocks lead the retreat, pushing the blue-chip indicator to levels not seen since October 2002. 02/19/09
Stanford: Signs That Should Have Worried Investors The Stanford scandal also raises questions as to whether the SEC, which had been investigating the firm for three years, should have acted sooner. 02/18/09
Fed downgrades economic forecast for this year The Federal Reserve on Wednesday sharply downgraded its projections for the country's economic performance this year, predicting the economy will actually shrink and unemployment will rise higher. 02/18/09
Texas billionaire accused of $8-billion investment scam The SEC charges R. Allen Stanford and two other principals of his investment and banking empire in a complaint alleging massive fraud. 02/17/09
Alleged Investment Scams: A Scorecard
When markets collapse, so do investment scams. Here's a look at some recent high-profile cases brought by authorities. 02/17/09
UK's Serious Fraud Office to Probe AIG Financial Products Unit Britain's Seriouse Fraud Office (SFO) has launched a preliminary inquiry into suspected irregularities at a British subsidiary of American International Group Inc., the SFO said on Thursay. 02/12/09
John Thain's $1,400 wastebasket
For a week, John Thain's face was plastered all over the nightly news. The Merrill Lynch chief executive officer was held up as a symbol of post-TARP Wall Street evil and excess, practically a thief of the people's money. 02/10/09
Venture Capitalist Pleads Guilty to Securities Fraud
Silicon Valley financier 'Boots' Del Biaggio pleaded guilty Wednesday to one count of securities fraud. A federal investigation into his reputed Ponzi scheme is continuing.
02/05/09
Jeffrey Skilling's Latest Lesson For Us All Regulators and investors have assailed corporate insiders at companies such as Enron Corp. and Global Crossing Ltd. for bailing out of their company's shares during the market bubble, while less-informed shareholders were left holding the bag.
02/04/09
Seven Firms Set to Pay
WASHINGTON -- Securities regulators said seven brokerage firms agreed to pay a total of $3.65 million to settle charges they violated federal laws by failing to disclose they were paid for providing research coverage of certain public companies.
8/26/2004
SEC Sues JB Oxford, Clearing Arm
The Securities and Exchange Commission filed civil fraud charges against JB Oxford Holdings Inc., its clearing arm, and three executives for allegedly helping customers improperly trade mutual-fund shares.
8/26/2004
NASD is Granted More Power Over Delinquent Ex-Brokers
NEW YORK -- The National Association of Securities Dealers was granted additional powers that would strengthen the brokerage-firm regulator's hand over former stockbrokers who don't pay arbitration awards.
8/24/2004
SEC Considers Charging Wachovia
The Securities and Exchange Commission is considering charges against Wachovia Corp.'s mutual-fund subsidiary related to trading by a former portfolio manager in his own fund as well as allegations that another former employee allowed improper short-term trading.
8/4/2004
Investors Are Using ETF Options To Cut Down Risk
As exchange-traded funds, or ETFs, have grown in popularity, individual investors are starting to employ more sophisticated techniques -- namely, using ETF options -- to manage the risk within their investment portfolios.
8/3/2004
SEC Investigates Bank
WASHINGTON Securities regulators are examining whether investment banks have been pressuring affiliated mutual funds to buy shares of initial public offerings and stock in companies with which the bank has a relationship, according to people familiar with the matter.
5/12/2004
Frank Quattrone found Guilty
Frank Quattrone, the most prominent Wall Street figure to face a criminal trial in years, was found guilty yesterday after a two-week retrial on three charges that he interfered with a federal investigation in December 2000.
5/5/2004
Enron Executive to Settle Charges
WASHINGTON -- Federal investigators are preparing to bring civil and criminal charges, along with a settlement, against the former corporate secretary of Enron Corp. as the government continues to look for ways to bolster its case against other former executives of the fallen energy company, according to people familiar with the matter.
5/5/2004
Why the Market Can't Police Itself
Now that 10 Wall Street firms have agreed to settle charges of biased research, Congress and the Securities & Exchange Commission are facing a new question: Does self-regulation by Wall Street work?
6/10/2003
Martha's lawyers hint at defense
Stewart's attorneys post statement on Web site that may preview defense strategy.
6/10/2003
Waksal Faces Jail Time: Former ImClone CEO to be sentenced after pleading guilty to insider trading charges. Former ImClone CEO Samuel Waksal appeared in court for sentencing Tuesday, eight months after he pled guilty to insider trading charges in a scandal that led to last week's indictment of his friend Martha Stewart.
6/10/2003
Pump and Dump: Analyst Bias and Corporate Financing
Earlier this year, the Securities and Exchange Commission fined Henry Blodget, an Internet analyst at Merrill Lynch, and Jack Grubman, a telecommunications analyst at Citigroup’s former Salomon Smith Barney division, for internally disparaging stocks they
6/10/2003
In a win for Quattrone, NASD Clarifies Charges
Former investment banker Frank Quattrone obtained a favorable clarification in his battle with securities regulators. As Mr. Quattrone contests the first set of civil charges against a senior Wall Street executive from regulatory probes of market-bubble
6/9/2003
A Company Man, Spurned, Fights for his Name
IT'S a cold, rainy day in June at the Huntsville Golf Club in the countryside outside this small Pennsylvania city, and Robert J. Ostrowski is trying to explain why he is suing his former employer, Prudential Securities, for $30 million. "I want my repu
6/8/2003
How to Clean Up Wall Street's IPO Machine
Will initial public offerings ever be the same again? Not if regulators do their job right. For months, they have been beating up on Wall Street in a bid to restore integrity to the way bankers raise capital for Corporate America. On May 29, a Securities
6/6/2003
SEC to eye Regulation Policy
Chairman Donaldson says agency will examine market structure amid conflict-of-interest probe.
6/6/2003
Busted Brokers
Claims against stockbrokers are expected to rise 50% this year as investors try to recoup some of their losses.
6/3/2003
Variable Annuities Inquiry Is Looking at Prudential
ASD, a securities industry regulator, and the New York State Insurance Department are investigating the sale of variable annuities by Prudential Financial Services, one of the nation's largest insurance companies.
5/31/2003
The Dark Side of Wall Street, Where Scandals Often Erupt
Why do Wall Street scandals recur with the grim regularity of earthquakes and forest fires? The obvious answer, of course, is that Wall Street is where the money is...
12/23/2002
Year of the Scandal
Financial scandals at Enron, WorldCom and other companies forced a disturbing conclusion this year: the late '90s bull market was built partially on fraud.
12/17/2002
Can This Bull Run Again?
Yes, but the new Wall Street will likely be a very different animal, not the rampaging bull of the bubble years. What the big firms do to adapt will determine which of them survive and prosper, and which merge or disappear altogether.
12/16/2002
Banks Face Fines for Discarding Emails
The top US markets watchdog is seeking to fine six large investment banks for allegedly failing to keep electronic-mail communications as required by federal law.
8/2/2002
Brokers Caught in Cross-Fire in Client Suits Against Merrill
As Merrill Lynch & Company prepares to defend itself in court against angry investors, the firm's 14,000 brokers are caught in the cross-fire.
5/25/2002
NASD Alerts Investors on Terrorism and Anthrax Investment Scams
WASHINGTON, Nov. 15 /PRNewswire/ -- The National Association of Securities Dealers, Inc. (NASD)(R) today issued an Investor Alert cautioning investors of investment scams that cropped up around recent Anthrax scares and other terrorist-related events...
12/4/2001
In the News
Fed Survey: economy deteriorated in Jan., Feb. After a dismal start to 2009, business people see more pain ahead, expecting no improvement in economic conditions till late this year at the earliest.
03/04/09
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