A group of investors who lost millions in the collapse of Stanford Financial Group says it is "shocked" by a request by court-appointed receiver Ralph Janvey for nearly $20 million to cover his expenses.
Even if you've lost a bundle, don't be too quick to dump your financial counselor.
Activist investor Carl Icahn has been lobbying for increased shareholder rights. And new reports suggest he might be making some progress.
The chief investment officer for Texas billionaire R. Allen Stanford's companies, Laura Pendergest-Holt, pleads not guilty to two conspiracy counts. She remains free on a $300,000 bond issued after she was arrested in February on an obstruction charge
Former Enron CEO Jeffrey Skilling is appealing his 2006 conviction to the Supreme Court. In a 50-page petition filed Monday afternoon, Skilling's attorneys argue the conviction should be overturned because he did not put his own interest above Enron's as the government claimed, and because the Houston jury that convicted him was prejudiced by "pervasive media coverage."
Attorneys for Texas financier R. Allen Stanford, who is accused by the Securities and Exchange Commission of running a "massive Ponzi scheme," say the agency has "railroaded" their client and now is trying to prevent him from defending himself.
Bernard Madoff's longtime secretary says she believes the disgraced financier is not cooperating with authorities to protect others.
General Motors says it may offer current shareholders a reverse stock split that would give them one share of new stock for every 100 shares they currently own.
The head of the Securities and Exchange Commission said Tuesday she is making the issue of new rules restricting short-selling a priority as the agency hears from an array of interests about ways to limit trades that bet against a stock.
Allen Stanford, the Texas billionaire facing civil fraud charges, attempted to turn himself in at the federal courthouse in Houston on Thursday, but was turned away because there is no warrant for his arrest, his lawyer said.
The SEC could approve the creation of almost 100 of these funds. Isn't one bad enough?
Federal regulators have won a court order freezing the assets of financier Danny Pang, whom they accuse of defrauding investors of hundreds of millions of dollars.
The trustee unraveling Bernard Madoff's Ponzi scheme is threatening legal action to recover $735 million from investors who unwittingly made money off the swindle.
A few key things need to happen before retail investors are playing on the same level field as big money managers, Cramer says.
American International Group has completed a preferred stock sale to the government as part of a previously announced plan to receive additional financial support, according to a regulatory filing.
Accused fraudster Allen Stanford is asking a federal court to lift a freeze on $10 million of his assets to pay for his legal defense.
Accused fraudster R. Allen Stanford "intends to fight" the civil charges against him, and is the victim of "unconstitutional" conduct by the federal government. Those words are in a letter to Stanford's employees—obtained by CNBC—written by Kathy Stoelker, the mother of Stanford's girlfriend.
The court-appointed receiver in the case of Texas financier R. Allen Stanford is suing 66 former employees of the firm, trying to recover $40 million dollars for victims of the alleged scam.
The head of the Securities and Exchange Commission said Wednesday the agency must do more to tighten oversight of Wall Street's credit-rating industry to help bolster investor confidence.
Florida money manager Arthur Nadel, who disappeared for two weeks in January when the six hedge funds he managed went bust, has formally denied allegations by the Securities and Exchange Commission that he engaged in a massive fraud.