CYNK Technology, the OTC stock that once broke a $6 billion market cap, dropped sharply in its first trades after an SEC halt.» Read More
The investigations into Bernard L. Madoff are expanding into offshore tax havens, the New York Times reported.
Not only do they hurt the market, but they're virtually useless to their investors.
Eric Swanson received a startling call last Thursday from his wife, Shana D. Madoff, who said that something was terribly wrong. Officials from the Securities and Exchange Commission and the Justice Department had swooped down on the offices of Madoff Investment Securities, where Ms. Madoff was the compliance lawyer, seizing records and asking pointed questions as they began investigating one of the largest frauds in Wall Street history.
As the Securities and Exchange Commission begins an internal examination into how it missed the red flags of one of the largest frauds in history, it will inevitably discover that Bernard L. Madoff was a Wall Street pioneer who over the last 20 years alternately impressed and infuriated the agency’s top policy makers, the New York Times reports.
Cramer's giving out an award for the market's top decision-maker.
Securities and Exchange Commission Chairman Christopher Cox has asked the agency's inspector general to investigate the SEC's conduct with regard to the alleged Ponzi-scheme linked to money manager Bernard Madoff, CNBC has learned.
Cramer offers hard proof that bear raiders operated unchecked in their effort to profit from the American financial system's near collapse.
Many of those who say they were victimized by long-time investor Bernard Madoff's alleged "Ponzi" scam are up in arms that the Securities and Exchange Commission, Wall Street's top cop, didn't crack down on his activities sooner.
The list of investors who say they were duped in one of Wall Street's biggest Ponzi schemes includes some of the world's biggest banks and hedge funds, the super rich and the famous.
In the wake of the Madoff scandal, former SEC commissioner Laura Unger called for SEC reform.
Bernard Madoff said he only had about 25 clients but the list of potential victims of what prosecutors say was a $50 billion Ponzi scheme may actually be in the hundreds—or thousands.
Cramer says just such an opportunity is coming.
Big money is manipulating the market, forcing the little guy to cash out. Here's how you survive.
Documents in a divorce case show that Pequot Capital Management or its C.E.O., Arthur Samberg, is paying millions to a figure in a notorious S.E.C. probe. But why?
There's a net roots campaign to send the Mad Money host to Washington.
Plus, Cramer makes the call on Yahoo! and Freeport-McMoRan.
We need a Financial Intelligence Agency to do the work the SEC's Christopher Cox and Fed Chairman Ben Bernanke should have.
Now that's change we can believe in.
Do you want to know why the stock market was up 396 points today (this on top of Friday's 494 point rally)? Cramer says it's simple.
There's one specific decision, Cramer believes, that President-elect Obama can make that would have immediate positive effects and "restore stability and credibility to our stock market" -- without costing a dime! It could even stop the "endless incredible pummeling of stocks." What's this miracle move, you ask? Simple: he should replace SEC Chairman Chris Cox.