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SEC charges South Miami, Fla. with fraud over conduit deals
ReutersWASHINGTON, May 22 (Reuters) - The city of South Miami, Florida, defrauded investors by not disclosing problems with the tax-exempt status of two conduit bond deals that were used to finance a mixed-use retail and parking structure, the U.S. Securities...Tags: South Miami, Miami (Miami-Dade, Florida), Florida Gators
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Phoenix Says Bondholders Consent To Delayed Financial Reports
The Hartford CourantThe Phoenix Cos. said Wednesday it won consent from bondholders, allowing the company to delay providing quarterly reports and a 2012 annual report to the bond trustee until the end of this year. Phoenix is restating financial statements for all of 2009,...Tags: Economy, Business and Finance, Bonds, Finance
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Lawyer convicted in multimillion-dollar stock fraud case
A Boca Raton lawyer was found guilty Monday for his role in a five-year, multimillion-dollar stock market manipulation and fraud scheme, according to acting Assistant U.S. Attorney General Mythili Raman. Attorney Mitchell J. Stein, 53, was convicted...Tags: Lawyers, Organized Crime, Crime, Law and Justice, Justice System, Securities
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T. Rowe's new lineup of target-date funds lighten up on stocks
ReutersBOSTON, May 22 (Reuters) - U.S. money manager T. Rowe Price Group Inc on Wednesday said it plans to launch 11 new target-date funds that will put less emphasis on stocks before retirement and more on bonds. The Baltimore-based company filed a preliminary...Tags: T. Rowe Price, Economy, Business and Finance, Finance
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Special Report: The Rise and Fall of China's Sun King
ReutersHONG KONG (Reuters) - In a 2010 speech before a packed ballroom of university students in Sydney, Shi Zhengrong, founder of Chinese solar-panel maker Suntech Power Holdings Co Ltd, listed the people who had been important in his rise to fame and riches....Tags: Trials, Credit and Debt, NYSE Euronext, Inc., Energy, Economy, Business and Finance
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'Investment calculator' offers UK investors transparency on fees
ReutersLONDON (Reuters) - A new tool launched on Wednesday promises British investors a way to cut through what its authors call the "smoke and mirrors" used by investment firms to charge hidden fees and get a more realistic valuation of their investments....Tags: United Kingdom, Economy, Business and Finance, Morningstar Incorporated, Finance, Investments
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Prosecutors consider using racketeering law against SAC: source
ReutersNEW YORK (Reuters) - Prosecutors are considering charging Steven A. Cohen's SAC Capital Advisors as a criminal enterprise engaged in a long pattern of insider trading in stocks, according to a person familiar with the matter. Prosecutors may use the...Tags: Trials, Manhattan (New York City), Economy, Business and Finance, Criminals, Laws
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Voters oust mayor of Harrisburg, Pennsylvania in primary
Reuters(Reuters) - The embattled mayor of Pennsylvania's financially crippled capital of Harrisburg was ousted on Tuesday when she lost the Democratic primary to the owner of an independent bookstore. Mayor Linda Thompson's loss to Eric Papenfuse comes after...Tags: Bankruptcy, Elections, Harrisburg (Dauphin, Pennsylvania), Economy, Business and Finance, Primaries
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SAC's Martoma says U.S. impedes defense in fraud case
Reuters* Martoma calls U.S. conspiracy allegations vague * Defendant accused of insider trading * SAC, founder Steven Cohen in focus after subpoenas May 21 (Reuters) - Former SAC Capital Advisors portfolio manager Mathew Martoma said the government is...Tags: Elan Corporation Plc, Trials, Lawyers, Manhattan (New York City), Wyeth
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Wall St. watchdog to review broker bonus disclosure plan in July
ReutersBy Suzanne Barlyn WASHINGTON, May 21 (Reuters) - Wall Street's watchdog will present a plan to its board in July that would require brokers to tell certain clients about compensation they receive when they switch firms, the regulator's chief said on...Tags: Economy, Business and Finance, Computing and Information Technology Industry, Financial Markets, Investment Service, Securities
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Wall Street watchdog to review broker bonus disclosure plan in July
ReutersWASHINGTON (Reuters) - Wall Street's watchdog will present a plan to its board in July that would require brokers to tell certain clients about compensation they receive when they switch firms, the regulator's chief said on Tuesday. Richard Ketchum,...Tags: Computing and Information Technology Industry, Economy, Business and Finance, Financial Markets, Investment Service, Securities
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Prosecutors' subpoena of SAC's Cohen puzzles defense lawyers
ReutersNEW YORK (Reuters) - The decision by prosecutors to compel Steven A. Cohen to testify before a federal grand jury about allegations of insider trading at his $15 billion hedge fund is leaving many criminal defense lawyers scratching their heads. In the...Tags: Trials, The New York Times, Lawyers, Manhattan (New York City), Criminals
May 22, 2013
|Story| Reuters
May 22, 2013
|Story| Hartford Courant
May 21, 2013
|Story| South Florida Sun-Sentinel
May 22, 2013
|Story| Reuters
May 20, 2013
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May 22, 2013
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May 21, 2013
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May 21, 2013
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May 21, 2013
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May 21, 2013
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May 21, 2013
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May 21, 2013
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