Fri Nov 20, 2009 3:57 PM EST
A new development related to the government's investigation of possible insider trading at a major hedge fund has raised questions in the case and caught the attention of two key senators.
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Thu Nov 19, 2009 6:42 PM EST
The Securities and Exchange Commission must tighten its process for deciding which investment advisers to inspect if it is to avoid colossal breakdowns like the one that allowed Bernard Madoff's multibillion-dollar fraud to go undetected for 16 years, the agency's inspector general says.
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Mon Nov 16, 2009 9:45 PM EST
A senior House Democrat says the government didn't force Bank of America to take over Merrill Lynch, but a bank board member said much pressure was applied and Republicans charged that a committee inquiry was covering up the role of an Obama administration official.
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Thu Nov 12, 2009 10:29 AM EST
U.S. banks will prepay about $45 billion in premiums to replenish a federal deposit insurance fund now in the red, under a plan adopted Thursday by federal regulators.
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Wed Nov 11, 2009 5:37 PM EST
The swift acquittal of two Bear Stearns executives in the government's criminal case tied to the financial meltdown likely will force prosecutors to rethink the evidence they planned to present in a raft of cases that have yet to go to trial, legal experts say.
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Tue Nov 10, 2009 4:08 PM EST
The Federal Deposit Insurance Corp. has sometimes failed to complete background checks for contractors hired to help with its mounting workload of failed banks, the agency watchdog has found.
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Mon Nov 9, 2009 6:48 PM EST
Measures that would significantly boost funding for the Securities and Exchange Commission as well as give shareholders a say on executive pay are included in draft financial overhaul legislation in the Senate, a person familiar with the matter said Monday.
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Tue Nov 3, 2009 3:07 PM EST
Tax relief for thousands of small, indirect investors in Bernard Madoff's swindle and other fraudulent schemes appears close to Senate adoption as part of a broader bill to extend unemployment benefits.
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Mon Nov 2, 2009 4:02 PM EST
The government's "pay czar" expects compensation plans for additional employees at the seven companies getting the biggest bailouts to be in place by year's end, while the Federal Reserve will soon start its own work on banks' pay practices.
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Fri Oct 30, 2009 6:57 PM EDT
As Bernard Madoff sat in jail a few months after pleading guilty to fraud, he sounded faintly boastful.
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Wed Oct 28, 2009 1:20 PM EDT
Federal regulators may establish a consolidated surveillance system for all markets as trading platforms rapidly proliferate and often cater to selected wealthy investors.
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Fri Oct 23, 2009 5:27 PM EDT
A cascade of bank failures has magnified the role of the Federal Deposit Insurance Corp., which guarantees around $4 trillion in deposits in U.S. banks and thrifts.
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Fri Oct 23, 2009 4:02 PM EDT
A House panel is investigating the role of mortgage lenders in the financial crisis and is seeking information from some of the biggest U.S. companies to determine if they used deceptive practices to lure borrowers into the housing boom.
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Thu Oct 22, 2009 4:37 PM EDT
Federal regulators on Thursday accused a real estate funds promoter and former brokerage executive with bilking mostly elderly investors of about $12 million by using "free lunch" seminars to lure them to invest.
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Wed Oct 21, 2009 5:06 PM EDT
Legislation to regulate for the first time globally traded derivatives, the complex instruments that helped touch off the financial crisis, moved closer to House enactment Wednesday.
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Tue Oct 20, 2009 6:54 PM EDT
As Congress intensified its work rewriting the nation's financial rule book over the last three months, some big recipients of the government's $700 billion bailout spent a bit less trying to influence legislators.
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Tue Oct 20, 2009 3:31 PM EDT
Federal regulators are proposing tighter oversight for so-called "dark pools," trading systems that don't publicly provide price quotes and compete with major stock exchanges.
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Tue Oct 20, 2009 10:05 AM EDT
Federal regulators on Tuesday offered a limited emergency extension of a rescue program that guarantees hundreds of billions of dollars in U.S. banks' debt.
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Fri Oct 16, 2009 12:44 PM EDT
A Goldman Sachs executive has been named the first chief operating officer of the Securities and Exchange Commission's enforcement division.
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Fri Oct 16, 2009 12:17 PM EDT
Two agencies with oversight of the financial markets on Friday proposed changes to eliminate their differences in regulating similar securities and futures investments.
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Wed Oct 14, 2009 2:35 PM EDT
With regulators warning that rising losses on commercial real estate loans pose risks for U.S. banks, senators asked Wednesday for greater attention to be focused on vulnerable smaller banks.
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Wed Oct 7, 2009 11:39 AM EDT
Federal regulators on Wednesday asked a House panel to strengthen proposed legislation that would impose new oversight on derivatives, complex financial instruments blamed by regulators for hastening the financial crisis. Republican lawmakers contend the measure already could eliminate jobs and stifle companies' ability to manage risks.
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Tue Oct 6, 2009 12:05 PM EDT
Regulators and investor advocates voiced support Tuesday for a proposal that addresses consumer protection and would bring investment funds under government supervision as part of Congress' efforts to revamp the U.S. financial rule book.
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Fri Oct 2, 2009 11:07 AM EDT
The brokerage industry's self-policing body must make reforms to protect investors after its inspections failed to uncover the massive Ponzi scheme run by Bernard Madoff and the alleged fraud by R. Allen Stanford, according to a special review.
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Tue Sep 29, 2009 10:18 PM EDT
A key House lawmaker wants to make credit rating agencies — widely criticized for failing to give investors adequate warning of the risks in subprime mortgage securities that triggered the financial crisis — collectively liable for inaccuracies.
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