While insider trading convictions continue to pile up, SEC chairman nominee Mary Jo White needs to focus on improving market surveillance and data analysis in order to really bolster investor confidence.
Former customers of Jon
Corzine's collapsed brokerage MF Global would recover most, and
probably all, of their money under the latest projections by the
trustee liquidating its bankrupt parent company.
Hedge fund manager Doug Whitman was sentenced to two years in prison after he became the first defendant in a broad U.S. crackdown on insider trading to take the stand to convince jurors of his innocence.
A former Credit Suisse Group AG
trader, accused by U.S. authorities over a $3 billion
fraud involving subprime mortgage bonds, said he would fight a
U.S. extradition request when he appeared in a British court on
By Tom Polansek and Ryan Schlader, Reuters | September 18, 2012
Peregrine Financial Group's former Chief
Executive Russell Wasendorf Sr. pleaded guilty on Monday to
embezzling more than $100 million from customers of his futures
brokerage, lying to regulators to cover his tracks, and mail
By Matthew Goldstein and Jennifer Ablan, Reuters | August 13, 2012
A former Barclays trader who was fired by the bank for sending inappropriate emails about Libor "has cooperated" with the federal criminal probe into the alleged rigging of international benchmark interest rates.
After Knight Capital's rescue, there are still concerns about risk controls. A professor from Columbia University told CNBC that regulators need to put in speed bumps so that markets continue to function when the next upheaval occurs.