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Ex-SEC top lawyer settles with Madoff trustee (Reuters)

admin — Mon, 27 Feb 2012 23:00:20 +0000

Reuters - A former general counsel at the U.S. Securities and Exchange Commission has settled a lawsuit accusing him and two brothers of receiving money derived improperly from Bernard Madoff's Ponzi scheme.

For Facebook, exchange choice is a matter of image (AP)

admin — Thu, 02 Feb 2012 22:11:58 +0000

AP - When Facebook goes public in a few months, will its stock appear on the New York Stock Exchange or the Nasdaq? Depends what its billionaire founder prefers for a backdrop — a trading floor on Wall Street or towering video screens in Times Square.

SEC charges trader with hijacking accounts (Reuters)

admin — Thu, 26 Jan 2012 21:54:46 +0000

Reuters - Securities regulators charged a Latvian trader with reaping more than $850,000 in illegal profits by hacking into online brokerage accounts and manipulating more than 100 securities.

Government opens case against accused swindler Stanford (Reuters)

admin — Wed, 25 Jan 2012 01:05:54 +0000

Reuters - Texas financier Allen Stanford used lies and bribes to steal the hard-earned savings of his customers, prosecutors said on Tuesday.

7 charged in $78M record-setting inside trade case (AP)

admin — Wed, 18 Jan 2012 23:36:10 +0000

AP - Greed on Wall Street set a new record, federal authorities said Wednesday as they unveiled a massive insider trading case charging a hedge fund co-founder with engineering a trade that earned a staggering $53 million in profits.

Edward Derwinski, 1st veterans affairs sec’y, dies (AP)

admin — Wed, 18 Jan 2012 18:51:33 +0000

AP - Edward Derwinski, who represented Chicago's south side and adjoining suburbs in Congress for nearly a quarter-century before becoming the nation's first secretary of veterans affairs, has died. He was 85.

Occupy DC carries on; rally planned next week (AP)

admin — Wed, 11 Jan 2012 21:15:13 +0000

AP - The Occupy Wall Street movement is flickering across the country.

EU leaning to block NYSE-Deutsche Boerse merger (AP)

admin — Tue, 10 Jan 2012 21:34:56 +0000

AP - European regulators will push to block the planned $10 billion merger of the New York Stock Exchange and its German counterpart, two people close to the merger said Tuesday.

Football underdog "Rudy" sacked for stock fraud (Reuters)

admin — Fri, 16 Dec 2011 22:42:40 +0000

Reuters - Daniel Ruettiger, the legendary Notre Dame football underdog who inspired the 1993 movie "Rudy," couldn't do an end run around the U.S. Securities and Exchange Commission.

Feds filed charges in Mass. in penny stock probe (AP)

admin — Fri, 02 Dec 2011 01:14:21 +0000

AP - Federal authorities suspended trading by seven firms and filed criminal charges Thursday against corporate executives, lawyers and stock promoters who allegedly used fraud to spur investments in small companies known as penny stocks.