It’s been two decades since Michael Milken, a.k.a. the junk-bond king, pleaded guilty to securities fraud following a …
Securities and Exchange Commission
Insider-Trading Scandal: Are the Feds Closing In on Billionaire Hedge-Fund Mogul Steven Cohen?
Billionaire hedge-fund titan Steven A. Cohen, one of the most high-profile and controversial Wall Street figures of the past decade, has been implicated in what federal officials are calling “the largest insider-trading case ever …
Are Average Investors Getting Bilked by Wall Street Supercomputers?
While high-frequency trading has propped up volume in the market, the method rewards shortsighted investors looking to make a quick profit
JPMorgan’s ‘London Whale’ Loss Rises to $3 Billion as Lawsuits Fly
Days after disclosing a massive derivatives trading loss, JPMorgan Chase was hit with three shareholder lawsuits accusing company executives — and its CEO Jamie Dimon — of misleading investors about the extent of the blunder. …
‘Whale’ Fail: JPMorgan’s $2 Billion Blunder Tied to London Trader
Almost immediately after the stock market closed yesterday, JPMorgan Chase asked Wall Street analysts to attend a highly unusual, hastily assembled, postmarket conference call. Speculation was rampant: What could be so urgent? A …
How Big a Deal Is Walmart’s Mexico Bribery Scandal?
The Mexican bribery scandal engulfing Walmart rattled investors on Monday, sending shares of the company down nearly 5% and those of its Mexican subsidiary down over 10%. The key question now is how much damage the scandal will …
When a Savings Account is Not a Savings Account
Money market mutual funds are not the same as savings accounts. A lot of people don’t understand that, and now the SEC wants to make it clear.
China’s Hot New Export: Financial Fraud
Stock and accounting fraud are nothing new. And yes, we have plenty of home-grown frauds. (Remember Enron?) But so far this year, the vast majority of stock fraud seems to be coming to American investors by way of China.
