Victims of the alleged $7 billion Allen Stanford Ponzi scheme may get a greater voice in how what's left of their investments will be divvied up.
Stocks advanced Tuesday after a jump in consumer confidence and encouraging read on housing. Tech and telecom were the big trading story amid news that Apple's working on an iPhone that works on the Verizon network.
U.S. stock index futures poionted to a modest gain at the open on big news in the smartphone industry and ahead of reports on housing and consumer confidence.
The SEC now has more staff with experience with complex financial products in the agency and has more financial crisis-related cases in the works, Mary Schapiro, chairman of SEC, told CNBC Monday.
SEC and Fed officials were warned by a leading Wall Street rival that Lehman Brothers was incorrectly calculating a key measure of its financial health months before its collapse, the FT reports.
Family members of admitted fraudster Bernard Madoff have insisted that they, too, are victims of the historic Ponzi scheme, and moved late Monday to dismiss a civil complaint alleging that they helped facilitate the fraud.
The Senate is already down to its final two hurdles before passing a comprehensive financial reform bill, Sen. Christopher Dodd told CNBC.
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.