Federal Reserve Board approves restrictive changes to US lending laws
The Federal Reserve Board on Monday approved new rules for home mortgage loans designed to reduce unfair lending practices and increase consumer protection. The new rule amends the Truth in Lending Act to...
The Federal Bureau of Investigation (FBI) Thursday announced that more than 400 people had been indicted in connection to what has been termed the US "sub-prime mortgage collapse." The vast majority of the indictments involved...
Collapsed hedge fund co-founder sentenced to 20 years on fraud charges
A federal judge on Monday sentenced Samuel Israel, III, co-founder of collapsed hedge fund Bayou Group , to 20 years in prison. US District Judge Colleen McMahon also ordered Israel to make $300 million in restitution and forfeit...
JURIST Contributing Editor Ali Khan of Washburn University School of Law says that Pakistan's Supreme Court should resolve the legal dispute between suspended Chief Justice Iftikhar Muhammad Chaudhry and President Pervez Musharraf by delivering a bold ruling in favor of...
US Iraq war vets: abuse of Iraqi civilians common, unreported, and unpunished
A series of interviews with US veterans of the Iraq war shows a pattern of systematic human rights abuses, according to a new report in The Nation . The magazine calls the investigation, which yielded thousands of...
US Securities and Exchange Commission (SEC) chairman Christopher Cox defended the SEC's record from Democratic and Republican criticism before the US House Financial Services Committee Tuesday, testifying that the...
Lawyers plead guilty to conspiracy, fraud in New York insider trading case
Two lawyers pleaded guilty Thursday to participating in a massive insider trading scheme that US federal prosecutors have called the most extensive such fraud uncovered since the 1980s. Former Morgan Stanley lawyer Randi Collotta and her husband...
JURIST Guest Columnist Anthony D'Amato of Northwestern University School of Law says that creating an independent multi-ethnic state in Kosovo would almost certainly be a human rights disaster for the 200,000 Serbs living there... The United States is on the...
Thirteen defendants have been charged "with participating in two massive insider trading schemes and in two separate bribery schemes" that netted more than $8 million dollars in illegal profits for themselves and the hedge funds with...
US Attorney Patrick Meehan filed an indictment Thursday against stockbrokers Anthony Postiglione, Jr. and William Lennon, co-founders of Foutainhead Fund LP, alleging that they defrauded investors out of almost $2 million. Both men...
