| Dec 11, 2013
| 3:00 AM
The Justice Department has just obtained documents showing that JPMorgan Chase, Wall Street's biggest bank, has been hiring the children of China's ruling elite in order to secure "existing and potential business opportunities" from Chinese government-run...
| Jul 9, 2014
| 2:53 PM
WASHINGTON (Reuters) - A congressman is questioning whether the New York Federal Reserve bank is exerting undue influence during closed-door meetings of an oversight council tasked with identifying risks posed by large financial firms.
In a letter to New...
| Jul 8, 2014
| 1:57 PM
WASHINGTON (Reuters) - In a perfect world, stock exchanges would collectively agree to ban order types that critics allege create complexity and may give certain traders unfair advantages, Intercontinental Exchange Group chief executive Jeffrey Sprecher...
| Jun 26, 2014
| 6:44 AM
Last October, managers told an employee in Barclays' trading unit to keep from clients a report showing the bank routed most of their dark pool orders to itself, according to the New York attorney general.
He refused, Eric Schneiderman said, and was...
| Jun 6, 2014
| 1:03 PM
The U.S. Securities and Exchange Commission on Friday accused Wedbush Securities Inc., a Los Angeles investment firm, of illegally allowing thousands of anonymous overseas traders to make billions of dollars' worth of secret trades.
The civil lawsuit...
| Apr 29, 2014
| 1:40 PM
Kara Stein, one of the newest members of the Securities and Exchange Commission, has issued a must-read public statement explaining a dissenting vote she cast that goes to the heart of the debate over how to punish too-big-to-fail financial institutions...
| Jan 14, 2014
| 7:11 AM
WASHINGTON -- The $1-trillion federal spending bill unveiled by congressional negotiators significantly reduces White House requests for funding of two key Wall Street watchdogs.
The Securities and Exchange Commission would get $1.35 billion for the...
| Aug 19, 2013
| 3:44 PM
NEW YORK -- A major Wall Street figure did something unusual in a settlement with the country's top securities regulator: admit he did something wrong.
Philip Falcone, a billionaire who runs the hedge fund Harbinger Capital Partners, must admit...
| Aug 23, 2013
| 10:54 AM
WASHINGTON -- Sen. Mark Warner on Friday called on the Securities and Exchange Commission to conduct a "thorough investigation" of the Nasdaq Stock Market's three-hour trading outage.
Warner (D-Va.), a member of the Senate Banking Committee, said...
| Oct 30, 2013
Anticipating the Securities and Exchange Commission's actions can feel like waiting for Godot. The SEC has been sitting on a petition for a new rule requiring publicly traded companies to disclose to shareholders what corporate funds are spent on...
| Jan 1, 2014
| 4:00 PM
WASHINGTON — The woman who indicted Osama bin Laden wants to strike fear into Wall Street.
Mary Jo White, the former U.S. attorney in Manhattan who wanted to prosecute the terrorist mastermind before the 9/11 attacks, has tried to stiffen the...
| Jan 8, 2014
| 6:30 PM
WASHINGTON — Concerned that targets of federal investigations are getting off lightly, two senators proposed legislation requiring the government to disclose all the details about settlements that allow companies to duck trials on allegations of...