Former ‘King of Biotech’ settles with SEC
NEW YORK (Reuters) – An investor formerly known as the “King of Biotech” has reached a settlement with the U.S. Securities and Exchange Commission over a market manipulation scheme, according to court documents filed on Thursday.
SEC calls for cooling-off period for more staff
WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission is making more of its staff who leave the agency for the private sector subject to a one-year cooling-off period.
Nasdaq market paralyzed by three hour shutdown
NEW YORK (Reuters) – Trading in thousands of U.S. stocks ground to a halt for much of Thursday after an unexplained technological problem shut down trading in Nasdaq securities, the latest prominent disruption to the operations of U.S. markets.
SEC calls for cooling-off period for more staff
WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission is making more of its staff who leave the agency for the private sector subject to a one-year cooling-off period.
American Airlines, US Airways seek November 12 trial date for merger lawsuit
(Reuters) – American Airlines and US Airways are seeking a 10-day trial that would begin November 12 in U.S. federal court to fight the challenge by the U.S. Justice Department to their proposed merger, which would form the world’s biggest carrier.
Nasdaq says connectivity issue caused trading halt
NEW YORK (Reuters) – Nasdaq OMX said a connectivity issue between an exchange participant and the Securities Information Processor, which consolidates stock prices, was the reason behind Thursday’s more than three hour trading halt in all Nasdaq-listed…
SEC chair to convene meeting with exchanges following Nasdaq problems
WASHINGTON (Reuters) – U.S. Securities and Exchange Commission Chair Mary Jo White said late Thursday she plans to convene a meeting with exchange executives and other market players to discuss regulatory practices after a technical problem forced Nasd…
Outgoing FBI chief stands up for record on Wall Street fraud
WASHINGTON (Reuters) – FBI Director Robert Mueller sought on Wednesday to dispel any perception among Americans that the bureau and the Justice Department let bankers go free after they helped bring about the U.S. financial crisis.
New Martoma indictment describes second doctor as insider source
NEW YORK (Reuters) – U.S. prosecutors on Thursday restated their case against a former portfolio manager who worked for Steven A. Cohen’s hedge fund SAC Capital Advisors, adding a new twist to what is considered to be the centerpiece of the multi-prong…
Japan firms standing pat on hiring, brace for tax hit: Reuters survey
TOKYO (Reuters) – Most Japanese companies will not increase hiring in 2014 and more than one in six will take additional cost-cutting steps as a planned sales tax hike next year worsens economic conditions, according to a Reuters poll that underscores …
