A federal judge has ordered the Office of Federal Housing Enterprise Oversight to cough up documents related to two former Fannie Mae executives who directed the company amid accounting misdeeds totaling $10.6 billion.
Three subsidiaries of Hartford Financial Services Group Inc. have resolved allegations of directed brokerage practices by agreeing to shell out $55 million.
Following through on an order signed last week by the federal judge in charge of Refco Inc.’s Chapter 11 case, U.S. Trustee Diana G. Adams has appointed a consumer privacy ombudsman in connection with the proposed sale of customer and marketing information pertaining to Refco F/X Associates LLC's foreign exchange clients.
The judge in charge of Global Power Equipment Group Inc.’s bankruptcy proceedings has reportedly stalled the debtors’ attempts to hire two firms to provide financial and restructuring advice until a shareholders committee is formed and has a chance to weigh in.
The Bank of New York Co. has reached agreements in principle with the U.S. Securities and Exchange Commission over its alleged involvement in illegal market-timing.
The National Association of Securities Dealers on Tuesday fined Chase Investment Services Corp. of Chicago and MetLife Securities Inc. of New York a combined $1.66 million for failing to adequately supervise sales of 529 college savings plans.
A Bermuda company and its lone trader have agreed to pay $1.6 million to settle civil charges of short-selling 176 public offerings from January 2001 through July 2005, the U.S. Securities and Exchange Commission announced Monday.
The U.S. Securities and Exchange Commission on Tuesday appointed senior special counsel Florence Harmon to the position of deputy secretary.
A racial bias lawsuit against Merrill Lynch & Co. heated up Monday when 16 current and former African-American employees filed a motion to join original plaintiff George McReynolds in the case.
Although Visa International and Morgan Stanley have agreed to settle their long-standing antitrust dispute in Europe, their settlement will not automatically halt the ongoing European Commission probe into Visa’s potentially anti-competitive behavior, Commission regulators said Monday.
A former partner at a Chicago law firm who spent 15 years on the run after being convicted of crimes including securities fraud, tax evasion and mail fraud has had a conviction upheld by an appeals court, but his sentence will be reassessed.
Merrill Lynch’s private equity arm has become the latest target of the U.S. Department of Justice’s informal inquiry into the possible anti-competitive practices of private-equity firms, with the agency reportedly issuing a request for information to the financial giant.
Bisys Group Inc. said on Friday it would fork over $25.1 million to settle an investigation into its financial restatements, just one month after the beleaguered mutual fund administrator shelled out $21.4 million for its role in a fraudulent kickback scheme that allegedly netted hundreds of millions of dollars.
Berkshire Hathaway Inc. revealed Friday that German regulators have begun investigating a General Re subsidiary and one or more of its senior executives who may have violated laws governing nontraditional insurance products.
Citigroup has settled 26 lawsuits brought by individuals who had opted out of the WorldCom securities class action settlement, the company said in its latest filing on Friday with the Securities and Exchange Commission.
The second banking executive to take the fall in China’s crackdown on corruption, the former chairman of state-owned China Construction Bank was sentenced to 15 years in jail today for accepting bribes.
Three executives of American private equity group Lone Star Advisors Korea have escaped prosecution by Korean authorities, but one of the company’s executives was not so lucky.
JPMorgan Chase Bank NA has filed a statement telling the federal bankruptcy court overseeing Adelphia Communications Corp.’s Chapter 11 case that Adelphia’s reorganization plan must be clarified.
As Swiss bank UBS AG faces scrutiny by federal regulators over alleged improper manipulation of Treasury securities prices, two senior bond traders are set to leave the company’s trading desk.
The International Securities Exchange is continuing its fight to compete with the Chicago Board Options Exchange, filing a lawsuit alleging that it should be able to list the Dow Jones Industrial Average and Standard & Poor’s 500 index options without a license.