Technology analyst John Kinnucan was arrested Friday on allegations of trading on information about many of the nation's leading tech companies, resulting in illicit gains of nearly $110 million.
In a case stemming from the housing meltdown that led to the financial crisis, a former executive at Credit Suisse and two associates have been charged with deliberately inflating the price of mortgage-backed securities held on their books.
A federal appeals court has delayed proceedings in a mortgage securities fraud case brought by the Securities and Exchange Commission against Citigroup.
The Securities and Exchange Commission is appealing a federal judge's decision last month to toss out a proposed $285 million mortgage securities fraud settlement between the agency and Citigroup.
A judge rejected a proposed $285 million mortgage securities fraud settlement between Citigroup and the Securities and Exchange Commission on Monday, saying the deal was "neither fair, nor reasonable, nor adequate, nor in the public interest."
Citigroup has agreed to pay $285 million to settle Securities and Exchange Commission charges that the bank misled investors about the strength of a security tied to the struggling U.S. housing market.
JPMorgan Chase will pay $228 million in a setttlement of charges that the bank's securities division rigged the market for municipal bond derivatives, state and federal regulators announced Thursday.
JPMorgan has agreed to pay $153.6 million to settle charges it misled investors in the sale of a complex mortgage-backed security, the Securities and Exchange Commission announced Tuesday.
The Securities and Exchange Commission may relax its rules to make it easier for companies to issue shares without making their financial details public.
The owner of the Gulf of Mexico oil rig that exploded last year, killing 11 workers and leading to what has been called the worst oil spill ever, said Monday that calling 2010 its "best year" in safety "may have been insensitive."
Ford Motor has rewarded the executives responsible for its turnaround, granting CEO Alan Mulally $33.4 million in stock after taxes, according to filings with the Securities and Exchange Commission.
The Securities and Exchange Commission charged three former senior-level executives of IndyMac Bancorp with securities fraud on Friday.
Last week the inspector general of the Securities and Exchange Commission released a 77-page report that is, in itself, an epitome of precisely what the IG is supposed to be trying to prevent: waste and abuse at the SEC.
Angelo Mozilo, the former co-founder of Countrywide Financial, agreed Friday to pay $67.5 million to the SEC to settle fraud charges.
One of the actors in "CHiPS," a hit TV show from 1970s and early '80s, is accused of being part of a stock fraud scheme, authorities said Thursday.
The chairman of the Securities and Exchange Commission says the ability to conduct confidential investigations into securities activity trumps the media's need to know.
Two billionaire brothers face federal fraud charges for selling stock in companies which they helped oversee and then trying to conceal some $550 million in gains.
Though last week's settlement between the U.S. Securities and Exchange Commission and Dell was anticipated -- the computer maker admitted no wrongdoing and agreed to pay about $100 million in fines -- it was nevertheless a stunning event both in terms of the charges it leveled against Dell and those it reinforced against semiconductor giant Intel.
Goldman Sachs paid $550 million to settle charges of defrauding investors in a sale of securities tied to subprime mortgages, the Securities and Exchange Commission said Thursday.
In a 22-page complaint filed April 16, the Securities and Exchange Commission charged Goldman Sachs with defrauding investors on real estate securities likely to go bust.
Until the Securities and Exchange Commission gets its act together, the public might very well be better off with no top financial regulator at all. A friend and fellow parent provided the perfect metaphor for why: Having an ineffective regulator that the public counts on for protection is like being at a swimming pool where little kids wear water wings, parents bury their noses in trashy novels, and the lifeguards are too busy flirting to do their jobs. It sounds great to relax while Jimmy flails away, but having a false sense of security in swimming pools and financial markets can only lead to disaster.
The government unveiled two high-profile cases of financial fraud Thursday as federal regulators look to crack down on Wall Street shenanigans.
The Securities and Exchange Commission proposed new rules Tuesday that would pause trading in certain stocks that experience extreme swings.
The U.S. Securities and Exchange Commission warned investors Thursday to beware of a group calling itself "U.S. Securities and Equities Administration."
Last week's brief-but-historic stock market plunge was triggered by a combination of unusual factors, but its ultimate cause remains a mystery, executives from the nation's leading stock exchanges and market regulators told Congress on Tuesday.
An investment giant is back in the black after the federal bailout, but Goldman Sachs has some explaining to do.
The self-proclaimed "fabulous" Fabrice Tourre, the Goldman Sachs executive charged with fraud, and the investment bank's chief executive, Lloyd Blankfein, will both testify before a Senate panel next week.
The SEC's enforcement action against Goldman Sachs highlights the widening fissures that underlie Wall Street and raises important issues on three levels:
This, friends, is the Goldman Sachs story we've all been waiting for, the accusation that just might stick. The Securities and Exchange Commission has charged Goldman and a senior employee with deliberate deception of some customers in order to benefit others.
CNN's Richard Quest sits down with the former head of AIG and current CEO of C.V. Starr, Hank Greenberg.
Goldman Sachs has to be asking itself if it was all worth it.
The Securities and Exchange Commission's civil fraud charges against Wall Street giant Goldman Sachs includes information that could damage another titan of finance: John Paulson.
The Securities and Exchange Commission on Friday charged Wall Street's most gilded firm, Goldman Sachs, with defrauding investors in a sale of securities tied to subprime mortgages.
The private equity firm founded by former "car czar" Steven Rattner agreed Thursday to pay a total of $12 million to settle charges it was involved in a "widespread kickback scheme" with New York's largest pension fund.
Triton Financial, an Austin, Texas-based investment firm which boasts prominent ties to the sports world -- including a sponsorship deal with the Heisman Trophy Trust; a three-year contract for a PGA Champions Tour event, the Triton Financial Classic; and a roster of former Heisman Trophy winners and NFL players that were employees of the company -- has been sued in a civil action by the U.S. Securities and Exchange Commission for defrauding investors in a multimillion-dollar insurance scam, according to documents filed yesterday at Austin federal court. In connection with the complaint, Triton and its CEO, Kurt Barton, consented to an injunction to put the company into receivership.
Federal regulators on Friday charged two computer programmers for helping convicted swindler Bernard Madoff perpetrate one of the largest frauds in U.S. history.
The Securities and Exchange Commission overlooked "more than ample" evidence, including six complaints, that red-flagged the Bernard Madoff Ponzi scheme, an internal watchdog said Wednesday.
The Securities and Exchange Commission on Tuesday filed a suit against General Electric claiming that it reported false results in its financial statements.
The Securities and Exchange Commission on Monday charged a brokerage firm and several individuals with raising money from investors to feed Bernard Madoff's Ponzi scheme.
Allen Stanford, the man behind cricket's multi-million dollar riches, is charged with fraud. CNN's Justin Armsden reports.
Texas billionaire Allen Stanford was taken into custody Thursday night on a fraud-related charge in Stafford, Virginia, the FBI said.
The Securities and Exchange Commission has filed fraud charges against the operators of the Reserve Primary Fund for failing to provide important information to investors and trustees about the fund's exposure to Lehman Brothers.
The life of Sir Allen Stanford, the cricket and polo-loving financier who is being investigated for a potential Ponzi scheme, is a case study in how to buy respectability and influence.
If successful businesses share certain "best practices," do scam artists have their own favored techniques? The banker R. Allen Stanford, while accused of a smaller scheme than Bernie Madoff's, conducted his business in ways that make it appear they were using a similar playbook.
Federal agents have located financier Robert Allen Stanford and served him with papers accusing him and three of his companies of orchestrating a $9.2 billion investment fraud scheme, the FBI said Thursday.
The Securities and Exchange Commission said Tuesday that it has charged financier R. Allen Stanford and three of his companies with orchestrating a $9.2 billion investment and sales fraud.
The U.S. Securities and Exchange Commission has charged businessman Robert Allen Stanford with orchestrating an $8 billion fraudulent investment program.
A former Lehman Brothers employee has been charged with illegal insider trading in a plot that accrued over $4.8 million in profits in a four-year span, according to a complaint filed by the Securities and Exchange Commission on Thursday.
Electronic equipment maker Siemens AG has agreed to pay $1.4 billion Monday to U.S. and German authorities after the company allegedly engaged in bribery, the SEC said in a release.
Republican presidential candidate John McCain caused some waves last month when he said that if he is elected to the White House, he'd fire SEC chairman Christopher Cox.
Third Point Management, a New York hedge fund run by one of the country's most outspoken and controversial investors, has come under investigation from the Securities and Exchange Commission.
Government documents supporting the charges filed last week against two former Bear Stearns hedge fund stars paint a picture of an organization that had a hard time tackling problems head-on - a flaw that ultimately would prove fatal to the firm.
Securities regulators on Wednesday charged Broadcom Corp. co-founders Henry T. Nicholas III and Henry Samueli with falsifying the company's reported income
Yahoo settles a lawsuit with the families of journalists jailed in China. CNN's Jaime FlorCruz reports
Apple CEO Steve Jobs has been subpoenaed by the Securities and Exchange Commission to give a deposition in a stock-options backdating case against Apple's former general counsel, a person familiar with the case told The Associated Press Thursday.
The Securities and Exchange Commission filed civil fraud charges on Monday against Sentinel Management Group, the cash management firm serving the U.S. futures industry that filed for Chapter 11 bankruptcy protection late on Friday.
ConAgra Foods Inc. agreed to pay $45 million to settle civil charges of financial fraud and improper accounting practices, the U.S. Securities and Exchange Commission said Wednesday.
New Century Financial Corp., a collapsed subprime lender that is liquidating in bankruptcy, said on Thursday the U.S. Securities and Exchange Commission has elevated its investigation of the company to formal status.
Two former executives at CVS/Caremark Corp. have settled charges with the U.S. Securities and Exchange Commission that they helped inflate earnings, despite an inventory of overvalued stuffed animals, the SEC said Friday.
The Securities and Exchange Commission has scheduled a public meeting for Monday, Dec. 4, to consider two measures dealing with hedge funds.
Dell Inc. late Wednesday clarified that the company's decision to delay its earnings report was due to to issues it's facing in preparing the results and not linked to an ongoing Securities and Exchange Commission probe into the computer maker's accounting.
IBM said Thursday that the U.S. Securities and Exchange Commission is launching a formal investigation into the way IBM disclosed last year's first-quarter earnings and into changes in the way that it would expense for stock options.
An Atlanta hedge fund operator has been accused of using fake returns to lure investors and misappropriating the funds, according to the Securities and Exchange Commission.
The Securities and Exchange Commission filed civil charges against former Kmart CEO Charles Conaway and ex-financial chief John McDonald on Tuesday for allegedly misleading investors about the retailer's financial strength before the company declared bankruptcy, the SEC said in a statement.
The NASD Wednesday said it fined units of American Express Inc., Citigroup Inc. and J.P. Morgan Chase & Co. a total of $21.25 million for steering customers to mutual funds that were not the most cost-effective.
A former clerk for a New York Stock Exchange floor broker was charged with securities fraud today by the SEC for his role in a trading scheme.
The Securities and Exchange Commission is expanding a probe into whether anyone profited from news that popular shock jock Howard Stern will move to Sirius Satellite Radio, according to some published reports Wednesday.
The U.S. Securities and Exchange Commission said Monday it settled with two insurance companies on charges of allowing market timing in mutual funds through the sale of variable annuities, which are typically used as people near retirement.
Democratic presidential candidate John Kerry's campaign Wednesday called on the White House to release details of Vice President Dick Cheney's testimony in federal regulators' probe of the accounting practices of the company he once headed.
The Securities and Exchange Commission and the New York Stock Exchange announced a $5.2 million settlement Monday with two Wall Street specialist firms that were under joint investigation for violating both federal securities laws and Exchange rules.
Goldman, Sachs & Co., the New York investment banking powerhouse, has been slapped with a $2 million fine for prematurely hyping and offering to sell shares in certain initial public offerings it underwrote, the Securities and Exchange Commission announced Thursday.
Warnaco Group Inc., its former auditor PricewaterhouseCoopers LLP, ex-CEO Linda Wachner and others have agreed to pay $4 million to settle charges related to the company's financial disclosures, federal regulators said Tuesday.
Securities regulators said Tuesday that they've found widespread abuses at 13 out of 15 Wall Street brokerages probed in the sale of mutual fund shares.
If the sec seems as if it's been on the warpath lately, well, it has. "It's been a busy year," says Bob Herdman, the SEC's chief accountant. CEO Joe Nacchio, whose company, Qwest, is under SEC inve...
Money Magazine: Say It Ain't So, Joeupdated: Sat May 01 1999 00:01:00
Early in March, online stock tipster Tokyo Joe Park ("Smokin' Joe," April) and some of his followers received subpoenas from the Securities and Exchange Commission. It seems SEC investigators want ...
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