Two brothers agreed to pay $5 million to resolve U.S. Securities and Exchange Commission claims that they used confidential information to make options trades ahead of an announced deal to buy H.J. Heinz Co.
D.E. Shaw & Co., the $30 billion hedge fund, was among 23 investment firms accused by U.S. regulators of improperly buying shares of companies they had bet against days earlier.
The U.S. Securities and Exchange Commission sued a Texas man over claims he operated a Ponzi scheme involving Bitcoin, the virtual currency that has recently attracted investors including Tyler and Cameron Winklevoss.
Rajat Gupta, the former Goldman Sachs Group Inc. director who was found guilty of passing confidential tips to jailed billionaire hedge-fund manager Raj Rajaratnam, was ordered to pay $13.9 million in a related U.S. regulatory lawsuit.
The U.S. Securities and Exchange Commission sued a Chicago man over claims he fraudulently raised more than $145 million primarily from Chinese investors by promising that their investments would provide a pathway to U.S. citizenship.
Goldman Sachs Group Inc. will pay about $12 million to resolve U.S. regulatory claims that a former banker made improper campaign contributions to the state treasurer of Massachusetts while seeking underwriting business from his office.
U.S. Securities and Exchange Commission investigators have concluded their probe of possible financial fraud at Lehman Brothers Holdings Inc. and determined that they will probably not recommend any enforcement action against the firm or its former executives.
optionsXpress Inc., the Chicago brokerage acquired by Charles Schwab Corp. last year, was accused by U.S. regulators of using sham “reset” transactions as part of an abusive naked short-selling scheme.
