He calls himself “America’s Prophet,” a psychic, trained by Nepalese monks in the art of time travel, who can foretell the future of the stock market. But to the authorities, Sean David Morton is simply a fraud — and a really, really bad psychic.
The Justice Department is looking into whether hedge funds worked together to drive down the value of the euro, according to a report Wednesday in The Wall Street Journal.
An inability to keep short sellers in check may mean a higher authority is needed to instill discipline in the markets. Cramer interviews Sen. Ted Kaufman for more on the issue.
Plus, get calls on drugs stocks, ethanol, oil and gas and more.
Delaware's short-selling senator thinks the practice is fine so long as predators don't step in and create another Bear Stearns or Lehman Brothers-type crisis.
Congress could have passed a more sweeping jobs bill with larger bipartisan support if Democrats had been more willing to work with Republicans, Sen. Charles Grassley told CNBC.
House Ways and Means Committee Chairman Charles Rangel says he can't turn over political contributions linked to indicted billionaire Allen Stanford, because the money has already been donated to charity.
The Securities and Exchange Commission's case against accused fraudster Allen Stanford should be dismissed, according to his attorneys, in part because the certificates of deposit at the heart of the alleged scheme were not securities.
While the younger generation, very visibly led by Lloyd C. Blankfein, chief executive of Goldman Sachs, lobbies Congress against such regulation, their spiritual elders support the reform proposed by Paul A. Volcker and, surprisingly, even more restrictions. The New York Times reports.
One year after the Securities and Exchange Commission accused Texas billionaire Allen Stanford of running a massive fraud through his offshore bank in Antigua, a group of Stanford investors is suing the region's central bank, calling it Stanford's "partner in crime."
While most of the debate about financial overhaul legislation has focused on the impact on how big banks do business, one piece that would affect consumers directly has received little public notice: a requirement that stock and insurance brokers act in their customers’ best interest.
Since arriving at the S.E.C. a year ago this month, just as the Madoff scandal was grabbing headlines, Mr. Khuzami has cut red tape, created specialized teams to plumb hedge funds and other worrisome areas and tried to make the S.E.C. quicker and more nimble.
The New York Attorney General's office is filing civil charges against Bank of America and its former CEO Ken Lewis, saying the bank misled investors about Merrill Lynch when it acquired the Wall Street bank in late 2008.
The Securities and Exchange Commission's new rule requiring publicly held companies to disclose their exposure to potential losses from climate change helps not hurts Corporate America.
I consider myself a semi-intelligent person. However, I've been reading and re-reading the press release from the Securities and Exchange Commission about plans to advise companies on making disclosures related to their carbon footprints. I expended a lot of my own personal greenhouse gases trying to figure the point.
The lead attorney for indicted billionaire Allen Stanford said Tuesday that he can now start working on his client's defense, after a federal judge ordered Lloyd's of London to pay Stanford's legal bills.
The court-appointed attorney who is rounding up assets in the alleged Allen Stanford Ponzi scheme says he has reached settlements with more than 30 investors over so-called "clawback" claims.
Cramer and the junior senator from Delaware discuss ways to restore Americans’ lost faith in the markets.
A year after its controversial takeover of Merrill Lynch, Bank of America is discussing settling a troublesome state inquiry into the star-crossed deal and the billions of dollars in bonuses that Merrill hurriedly paid its employees, the New York Times reported.
Federal prosecutors said they intend to file a new indictment against hedge fund mogul Raj Rajaratnam, charged last year in a sweeping insider trading case.