The Biggest Lie of the New Century
The claim that bank executives did nothing illegal during the financial crisis is simply implausible if not laughable, Barry Ritholtz writes.
Andrew Madoff, Convicted Conman’s Last Surviving Son, Dies at 48
He died Tuesday at Memorial Sloan Kettering Cancer Center in New York after battling mantle cell lymphoma, his attorney told Bloomberg.
15 Worst Cities for Retirees
Looking for a place to retire? Put these cities at the bottom of your list, WalletHub says.
Under the Hood: Protection From Cyber-Crime and Identity Theft—What You Need to Know
Financial advisors are increasingly targeted by identity thieves, so it's more important than ever that advisors protect their clients’ assets and information.
Free Financial Advice? What Could Be Better for Consumers?
Excising the requirement that professionals act in clients’ best interests would make society much more efficient, and save the Treasury billions!
SEC Enforcement: Golf Buddies Charged in Insider Trading Ring
In other actions, a former New Mexico governor was charged in a microcap scheme.
The FBI Ran an Ultimate Fighting Pump-and-Dump Scam
Bloomberg View blogger Matt Levine on how the FBI took over a shell company and busted five stock promoters.
FBI Sting Busts Group of 5 for Microcap Fraud
The SEC and FBI warn that more undercover operations aimed at market manipulation and insider trading could be underway.
Rengan Rajaratnam Cleared of Insider-Trading Conspiracy
Rengan Rajaratnam, the brother of Galleon Group co-founder Raj Rajaratnam, has been found not guilty.
Icahn’s Poker Buddy’s Golf Buddy Never Traded Clorox Stock
This case is not just embarrassing for Phil Mickelson, Billy Walters and Carl Icahn; it's also counterproductive for the purposes of insider-trading enforcement.