The NY Fed ordered MF Global to pay $1.21 billion in restitution fees and $100 million penalty, the Commodity Futures Trading Commission.» Read More
There oughta be a law, says Sen. Charles "Chuck" Grassley (R-Iowa), that requires hedge funds to register with the Securities and Exchange Commission. Would the so-called Grassley Amendment produce healthy accountability -- or stifle investment? Ex-SEC Chairman Harvey Pitt and a Wharton professor debated the question on "Morning Call."
Congress is considering a bill that would give shareholders the right to cast non-binding votes on executive pay and "golden parachutes" if the enterprise is sold. Opponents say the measure, HR 1257, would force CEOs to devote more time to meeting with advocacy groups and less time on planning and product development. Supporters say that unless pay is tied to performance, executives have incentive to cook the books.
The U.S. Securities and Exchange Commission suspended trading today in the stocks of 35 small companies linked to spam e-mail campaigns urging small investors to buy shares.
This afternoon-- Sirius Satellite Radio CEO Mel Karmazin will be on Capitol Hill pushing for a merger with rival XM. Should the government approve the proposed merger between Sirius and XM or would it kill any competition? Skeptics say it is unlikely to benefit consumers or investors but the biggest obstacle will be antitrust regulations.
Counterfeiting money and knocking off handbags are familiar crimes; now, the latest scam is faking rare wines. Ray Isle, senior editor at Food & Wine magazine, joined "Street Signs" to talk about the threat to the high-end market.
The composition of the board of directors at major companies is changing and becoming less clubby. On "Squawk Box" CNBC's Mary Thompson says there’s no shortage of candidates to serve on corporate boards, but they’re now drawn from a different talent pool. In 2001, about half board members were active CEOs. Last year, the figure declined to 29%.
NYSE Group has requested the U.S. Securities and Exchange Commission grant it relief from securities regulations that would oblige the New York Stock Exchange to route orders to certain markets, according to a public filing.
Death and taxes are the two universal fates, right? Well, the latter may not hold true for certain executives, whose tax bills are footed by shareholders. On "Morning Call," two compensation experts debated the appropriateness of such supposed free rides.
Look below the surface of the $45b takeout of TXU and what do you see? A long list of concessions to help the deal sail through. But to find who really wins from these concessions, look a little deeper.
The President's Working Group (PWG) on Financial Markets has not pushed for new hedge fund regulations -- except for a rule that would raise the minimum net worth of investors to $2.5 million from $1 million. Even some PWG critics agreed with the suggested floor -- but Magnum Funds' David Friedland decried the "discrimination." The debate raged, on "Morning Call."
The President's Working Group put forward a set of guidelines they said would enhance information about the largely secretive investment pools.
Some in the U.S. Congress are discussing a so-called Passenger "Bill of Rights," which would legally bind airlines when their craft are delayed. Is this a good idea? Or merely an example of unnecessary and potentially stifling regulation? Read what some viewers had to say.
History shows that outraged citizens tend to drive reforms -- fast. It's no different with publicly traded companies -- like JetBlue Airways. David Neeleman, CEO of the beleaguered carrier, returned to CNBC to explain how his "Bill of Rights" may prevent last week's nightmare from recurring.
The "Bill of Rights" Kate Hanni supports doesn't concern free speech or search-and-seizure: it's more about breathable air and sanitary rest rooms -- and being released from a grounded airplane in no more than three hours. Hanni is the chairwoman of the Coalition for Airline Passengers, and she joined "Closing Bell" to talk about the aftermath of last night's grueling JetBlue faux pas -- and what she hopes will come of it.
There are preperation meetings over the weekend for the G8 Summit taking place this summer--and members are discussing proposals to make hedge funds more transparent. In the wake of last year’s big-name losses in private equity – Amaranth’s $6 billion loss grabbed the most headlines – the pressure is mounting for some type of hedge fund regulation.
History was made today at the New York Stock Exchange, when Fortress Investment Group made its Wall Street Debut, becoming the first major hedge fund to stage an initial public offering in the U.S. In the first minutes of trading, share price nearly doubled, with investors eager to grab a piece of the pie.
A protest in Washington may underscore public concerns about cloning, but the food industry is in no rush to bring cloned food to market. The FDA says cloning produces no health hazards and doesn't plan to require special labels for food derived from cloned animals.
The Tundra truck -- Toyota Motor’s postmodern combo of blue-collar ruggedness and advanced electronics -- goes on sale this week. How will top automakers confront the competition? That’s one question that drew CNBC’s Phil LeBeau to the Chicago Auto Show.
It's been a year since the Dubai Ports World (DPW) imbroglio. Tomorrow, Rep. Barney Frank, D-Mass., chairman of the House Committee on Financial Services, will convene the HCFS to ask the question: Have we learned anything? That's also what Rob Nichols and Gary Hufbauer are asking.
We’ve been telling you of the huge run-up in the Chinese stock market lately. It has had some froth let out in the past weeks, but the bubble still seems like it could burst for good any time now. Reporting for CNBC, Cheng Lei looked at the day-to-day trading environment in China.