SECURITIES LAW

JPMorgan Traders Might Face Criminal Charges

Jamie Dimon JP Morgan London Whale Bruno Iksil
JPMorgan receives another blow even as it flounders in the midst of a FERC power market manipulation probe and talks with U.S. regulators for its alleged involvement in rigging key benchmark interest rates.
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Schwab Client-Waiver Spurs FINRA Complaint

Wall Street's own watchdog filed a complaint against Charles Schwab Corp on Wednesday accusing the online brokerage of requiring customers to waive their rights to pursue class actions against the firm, a violation of industry rules.
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Falcone's wireless company running out of cash

The upstart wireless company that is being bankrolled by Philip Falcone's $5 billion Harbinger Capital Partners hedge fund could run out of money during the second quarter of 2012, according to the company's financial statement.
Yahoo headquarters shown in Sunnyvale

Yahoo Buyout May Now Lure Temasek, Bain Capital

The ongoing crisis at Yahoo may now have tempted some new parties including Singapore’s Temasek as well as Bain Capital, joining other parties said to include Facebook, Microsoft, Providence Equity Partners and Alibaba Group.
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SEC sets asset-backed securities disclosure rules

U.S. regulators adopted new rules Thursday that seek to give investors better information before they decide to invest in asset-backed securities, a market that's still struggling to recover from the financial crisis.
Bernard Madoff

Judge approves $7.2 billion Madoff settlement

A U.S. judge approved a $7.2 billion settlement on Thursday to pay former customers of the Madoff firm, the largest yet in the worldwide search for money lost in Bernard Madoff's multibillion-dollar Ponzi scheme.
Goldman Sachs

Goldman to improve disclosure

Goldman Sachs Group Inc , responding to pressure from shareholders, regulators and others, said it will disclose more information about how it makes money.
James Fleishman (R) walks out of the Robert Peckman United States Courthouse with his attorney Stuart Gasner (L) after appearing in federal court on insider trading charges in San Jose, California December 16, 2010

Four arrested in widening insider trading probe

Four people, including an executive from an expert networking firm, have been arrested by the Federal Bureau of Investigation (FBI) agents in an operation seen as part of a widening probe into insider trading.

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