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Category: Regulatory

Day Pitney launches venture capital law blog

It surely won’t be as goofy as the “Bob Loblaw Law Blog” portrayed on TV show Arrested Development, but law firm Day Pitney on Monday launched a new online resource for entrepreneurs and investors in

Shelton High grad turned Citigroup CEO garnering praise

He was brought in, in part, to get Citgroup out from under the regulators’ microscope. He was brought in, perhaps, to be a little boring. Today, former Shelton High football star Michael L. Corbat —
Categories: Banking , Economy , General , Main Street , Regulatory

Attorney thinks SAC trader looking safe in trial

Today begins the latest step in the government’s probe of Stamford-based hedge fund SAC Capital Advisors — money manager Michael Steinberg goes on trial at Manhattan federal courthouse for insider

Steve Cohen gets big backing on CNBC

With rumors swirling that SAC Capital’s Steve Cohen and the government could finalize a billion-dollar settlement to insider-trading allegations any day now, the embattled Greenwich hedge fund magnate

Apple all alone in eBook conspiracy allegations

Consumers might sympathize with Apple over the tax thing, but this eBook business is a different story. Connecticut Attorney General George Jepsen announced Wednesday Penguin Group got cold feet in
Categories: General, Regulatory

Conn. gets piece of $500 million generic drug settlement from India

Connecticut Attorney General George Jepsen said Tuesday the state will get about $1.5 million from Ranbaxy, the India-based generic drug maker, who settled allegations this week that it was selling

Harrisburg a cautionary tale for bond investors and mayors

The SEC slapped Harrisburg, PA, with a cease and desist order Monday, saying the city’s government for allegedly violating securities law. Regulators found that city officials failed to come clean

NY AG says Wells and Bank of America need to be sued

New York Attorney General Eric T. Schneiderman announced Monday he intends to sue Bank of America and Wells Fargo for violating the $25 billion national mortgage settlement with the states. As part of

SEC requires investor ID theft prevention

The problem of identity theft has sparked the SEC to require brokers, dealers, advisers and other investment pros to put in place prevention programs. Investment pros will have to create programs that
Categories: Regulatory, Wall Street
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Cohen’s hedge funds and advisories settle SEC allegations for $616 million

The U.S. Securities and Exchange Commission said advisories and hedge funds affiliated with SAC Capital have settled allegations of insider trading in two separate cases, agreeing to pay a total of