Topic: Corporate Fraud

A former regional enforcement director with the Securities and Exchange Commission who allegedly derailed repeated attempts to investigate convicted Ponzi schemer Allen Stanford and then tried to represent Stanford in private practice has been barred from practicing before the Commission for one year, the SEC said.

The Securities and Exchange Commission has been getting tougher on insider trading on Wall Street, but its potential target may be too wide, The New York Times reports.

JPMorgan Chase’s $2 billion trading loss, which was disclosed on Thursday, could give supporters of tighter industry regulation a huge new piece of ammunition as they fight a last-ditch battle with the banks over new federal rules that may redefine how banks do business. The New York Times reports.

Conrad Black is released from prison after serving nearly half of his original six-year sentence for defrauding investors.

One of the nation’s largest pension plans filed a lawsuit Thursday accusing Wal-Mart’s leadership of breaching its fiduciary duty in connection with a bribery scandal at the retailer’s Mexican subsidiary. The New York Times reports.

A major new rule that has drawn the ire of Wall Street is on track for completion sooner than some bankers had expected, dashing the hopes of financial industry lobbyists, who have pressed for a delay. The NYT reports.

A man who set up accounts for funds from a “boiler room” share scam has been jailed for four-and-a-half years after being convicted of three counts of money laundering, the Financial Times reports.

A former managing director for Morgan Stanley has pleaded guilty to a single count of conspiracy in yet another case highlighting the Foreign Corrupt Practices Act—the federal law that makes it a crime to bribe foreign officials.

Shareholders of Olympus voted in a new board on Friday but the firm's British ex-CEO, whose dismissal six months ago unveiled the biggest scandal in corporate Japan for decades, threatened to have the result annulled.

Sean Egan told CNBC Thursday that the Securities and Exchange Commission had no reason to consider charging his credit-rating firm with intentional misstatements when it applied to be a "nationally recognized'' rating agency.

U.S. securities regulators on Wednesday finalized long-awaited rules that will dictate which companies dealing in derivatives will be subject to costly capital, margin and business conduct requirements.

U.S. prosecutors have added a new insider trading allegation against Rajat Gupta, a former director of Goldman Sachs and Procter & Gamble.

After being rejected by the high court, Jeffery Skilling and his attorney will go back to the original court where he was convicted to file a defense motion for a new trial based on new evidence.

The Supreme Court has rejected another appeal from Jeffrey Skilling, the ex-CEO of disgraced energy giant Enron.

Imprisoned Ex-Tyco CEO Dennis Kozlowski begged for mercy from a parole board last week, before learning later that his plea had been rejected, a newly-released transcript of the proceeding showed Wednesday, USA Today reports.