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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: Securities, Justice System, Organized Crime, Prosecution, Lawyers
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PRESS DIGEST - Wall Street Journal - May 23
ReutersMay 23 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. * Hundreds of JPMorgan Chase & Co employees have been redeployed to help the bank resolve...Tags: The Wall Street Journal, Passenger Cars, Ford Motor Co., General Electric Company, Economy, Business and Finance
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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: Economy, Business and Finance, Finance, T. Rowe Price
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Pointing to threat, pulling in profit
Tribune Washington BureauWASHINGTON -- Over the last decade, former Navy Secretary Richard J. Danzig, a prominent lawyer, presidential advisor and biowarfare consultant to the Pentagon and the Department of Homeland Security, has urged the government to counter what he called a...Tags: George W. Bush, Economy, Business and Finance, U.S. Congress, Lobbying, GlaxoSmithKline PLC
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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: Economy, Business and Finance, New Products, Morningstar Incorporated, United Kingdom, Finance
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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: Fraud, Mutual Funds, Manhattan (New York City), Economy, Business and Finance, Judges
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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: Harrisburg (Dauphin, Pennsylvania), Economy, Business and Finance, Elections, Bankruptcy, 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: Manhattan (New York City), Justice System, Criminals, Elan Corporation Plc, Trials
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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: Securities, Economy, Business and Finance, Financial Markets, Media Industry, Computing and Information Technology Industry
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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: Securities, Financial Markets, Economy, Business and Finance, Media Industry, Computing and Information Technology Industry
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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: Mutual Funds, Manhattan (New York City), Justice System, Criminals, Judges
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Dimon clings to JPMorgan chairman title, after fight
ReutersTAMPA, Florida (Reuters) - Jamie Dimon, chairman and chief executive of JPMorgan Chase & Co took an unusual step to fight off investors seeking more oversight of his activities - he hinted he might quit. And it worked. At the bank's annual meeting on...Tags: Economy, Business and Finance, Financial Markets, Companies and Corporations, Elections, Shareholders
May 21, 2013
|Story| South Florida Sun-Sentinel
May 22, 2013
|Story| Reuters
May 22, 2013
|Story| Reuters
May 19, 2013
|Story| Los Angeles Times
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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May 21, 2013
|Story| Reuters
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