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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.

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

admin — Thu, 01 Dec 2011 23:37:04 +0000

Empire State Building might be part of public firm (AP)

admin — Wed, 30 Nov 2011 00:31:35 +0000

AP - Even King Kong might go ape over this possible business deal: The Empire State Building could become part of a publicly traded real estate investment company.