Securities Regulation
Brokers and Hedge Fund Lose Bankruptcy Claim Against Lehman
Co-underwriters with Lehman Brothers Inc. don't have so-called contribution claims against the liquidated investment bank related to offerings in which it was the lead underwriter in the sale of its ...
Hedge Funds Shut Out Nonprofits in FHA Sale of Distressed Loans
The U.S. Federal Housing Administration started selling distressed loans in 2012 to help communities hit hard by foreclosures while also reducing losses to its taxpayer-backed insurance fund. Two ...
SEC Launches Tower Group Investigation
Tower Group International's situation has taken another turn for the worse, with news that the U.S. Securities and Exchange Commission is now investigating the struggling Bermuda insurer and ...
Which Nonbank Financial Firms Will Face More Regulatory Oversight?
The U.S. systemic risk council will meet on Sept. 4 to discuss naming nonbank financial firms for tougher regulatory oversight, the U.S. Treasury Department said on Thursday. The Financial Stability ...
Goldman Sachs Puts U.S. Government Mortgage Bond Dispute Behind It
Goldman Sachs Group Inc has agreed to a settlement worth $1.2 billion to resolve a U.S.regulator's claims the bank sold Fannie Mae and Freddie Mac faulty mortgage bonds, the regulator announced ...
Berkshire Hathaway to Pay Tiny Fine Over M&A Antitrust Snafu
Warren Buffett's Berkshire Hathaway Inc. agreed to pay $896,000 to settle U.S. claims that it violated antitrust laws when it acquired USG Corp. stock without reporting the transaction, after getting ...
Derivatives Are Returning, With a Makeover
Derivatives that helped inflate the 2007 credit bubble are being remade for a new generation. JPMorgan Chase & Co. is offering a swap contract tied to a speculative-grade loan index that makes it ...
More U.S. Securities Class Actions Involve High-Frequency Trading
Investors have wasted no time making high-frequency trading, the subject of Michael Lewis' recent best-selling book "Flash Boys: A Wall Street Revolt," a focus of securities class-action litigation, ...