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.
High-Speed Trading Rules Coming From SEC, White Says
The SEC chief unveiled the regulator’s most sweeping plan yet for reining in high-frequency trading and monitoring secretive trading practices.
Top 25 Best Cities for Millennials to Live
For financial advisors looking for hotbeds of up-and-coming clients, check out these rankings from Niche Local.
Citigroup Shares Rise as Profit, Revenue Beat Estimates
Citigroup Inc. rose as much as 4.6%, the most in more than 15 months, after the bank posted a surprise increase in first-quarter profit and revenue.
Former NAPFA Chairman Mark Spangler Sentenced to 16 Years in Prison
Spangler was convicted of fraud and money laundering; the long sentence reflects his lack of remorse, the judge reportedly said.
Ex-SAC Fund Manager Martoma Found Guilty in Insider Trading Case
Former SAC Capital Advisors LP fund manager Mathew Martoma was found guilty in the most lucrative insider-trading scheme ever
Budget Bill Nears Senate Passage
The Senate advanced the measure over a filibuster threshold on a 67-33 vote, ensuring it will pass the chamber no later than Wednesday.
401(k) Trustee Matthew Hutcheson Sentenced to 17 ½ Years
The Idaho-based trustee and fiduciary was also ordered to pay his victims $5.3 million in restitution.
Beware ZeuS, RATs, Keyloggers and DirtJumpers
Some banks and credit unions have become victims of cyber criminals who target financial institution employees.