Supreme Court allows Federal Reserve data release order to stand
The US Supreme Court on Monday denied certiorari in Clearing House Association LLC v. Bloomberg LP , leaving in place a ruling requiring the Federal Reserve to...
Supreme Court allows Federal Reserve data release order to stand
The US Supreme Court on Monday denied certiorari in Clearing House Association LLC v. Bloomberg LP , leaving in place a ruling requiring the Federal Reserve to...
Key defendant in Galleon insider trading trial pleads guilty
A key defendant in the Galleon Group insider trading case pleaded guilty Wednesday to three counts of conspiracy to commit securities fraud before judge Richard Holwell of the US District Court for the Southern District of New...
Bankruptcy judge approves $7.2 billion settlement with Madoff client
A US bankruptcy judge approved a historic settlement on Thursday with the estate of Jeffry Picower, a friend and investor of fraudulent financier Bernard Madoff . As part of the approved settlement, Picower's widow, Barbara, has agreed...
SEC sues investors for insider trading in acquisition of biosciences corporation
The Securities and Exchange Commission (SEC) has filed an insider trading complaint against unknown investors in Martek Biosciences Corp. , claiming that the investors purchased an unusually large number of call options in Martek...
Madoff trustee files nearly 60 lawsuits to recover money for victims
Irving Picard, the trustee charged with recovering money for the victims of the Bernard Madoff scandal, has filed close to 60 lawsuits in the past three weeks attempting to recover more than $40 billion from numerous...
The US Financial Stability Oversight Council (FSOC) convened for the first time on Friday and approved a number of documents related to its duties under the Dodd-Frank Wall Street Reform and Consumer Protection Act [text,...
US lawmakers seek to ban visas for Russia officials linked to lawyer's death
US lawmakers on Wednesday introduced a bill that would prohibit the US State Department (DOS) from issuing visas to individuals, or their family members, who are connected to the death of Russian lawyer Sergei...
Former IBM executive sentenced to 6 months in Galleon insider trading case
A judge for the US District Court for the Southern District of New York sentenced former IBM senior vice president Robert Moffat to six months in prison Monday and ordered him to pay a $50,000...
Treasury secretary Geithner promises swift implementation of financial reform law
Speaking to a crowd of students and businesspeople at New York University's Stern School of Business on Tuesday, US Treasury Secretary Timothy Geithner promised a rapid rollout of new rules mandated by the Restoring Financial...
US President Barack Obama on Wednesday signed the Restoring Financial Stability Act into law. The legislation, which focuses on increasing regulation in the financial sector following the recent economic crisis ,...