Securities Regulation
Greek Investors Sue Cyprus Over Its Solution to 2013 Financial Crisis
Cyprus faces a lawsuit from close to 100 Greek investors who accuse the country of costing both depositors and bondholders of two banks millions of dollars in the wake of its financial crisis and ...
U.S. SEC Set to Examine Alternative Mutual Funds
A surge of investment in alternative mutual funds has caught the attention of the U.S. Securities and Exchange Commission, which will launch examinations of fund companies targeting funds' leverage, ...
Sharing Insider Stock Tips on the Golf Course? The SEC is Listening
On Friday, the Securities and Exchange Commission announced that it charged a group of golfing buddies, who made more than a half-million dollars, with trading on inside information. In a complaint ...
ACE Takes Steps to Expand European Surety Business
ACE Group said it is launching a number of new surety products in the Netherlands, Belgium and Luxembourg, as part of a broader expansion of its surety capabilities in Europe. The new products will ...
Supreme Court Deals Blow to Madoff Victims
Victims of the Ponzi schemes of Bernard Madoff and Allen Stanford, two of the largest in U.S. history, suffered setbacks on Monday as the U.S. Supreme Court refused to hear appeals in two cases ...
Regulators Shining Spotlight on ‘Dark Pools’
Regulators are moving to shine a light on "dark pools", opaque and quasi-anonymous trading venues. New York's attorney general has filed a lawsuit against British bank Barclays relating to its dark ...
U.S. Bond Funds Sue Puerto Rico Over Bankruptcy Law Changes
U.S. mutual funds holding about $1.7 billion in Puerto Rico debt have sued the cash-strapped commonwealth, accusing the Caribbean island of passing an act modeled after the U.S. bankruptcy code in ...
U.S. Supreme Court Halliburton Ruling Will Help ‘Weed Out’ Weaker Cases
The U.S. Supreme Court tightened the limits on class-action lawsuits by shareholders, giving a partial victory to Halliburton Co. while stopping short of abolishing those suits altogether. ...