WASHINGTON (Reuters) - U.S. securities regulators on Wednesday charged a former Morgan Stanley executive with fraud in connection with real estate investments in China. Morgan Stanley's former managing director in its real estate investment and fund advisory business, Garth Peterson, secretly acquired millions of dollars worth of real estate investments for himself and an influential Chinese official, the Securities and Exchange Commission said. The Justice Department filed related criminal charges, the SEC said. (Reporting By Aruna Viswanatha; Editing by Gary Hill)
WASHINGTON — The U.S. Securities and Exchange Commission charged the Pennsylvania city of Harrisburg, the state’s beleaguered capital, with securities fraud on Monday for allegedly releasing misleading public statements and financial information.
Harrisburg, which is under state receivership after its finances became mired by a scheme to upgrade a trash incinerator, agreed to settle the charges without admitting or denying the findings, the SEC said.
(WASHINGTON) — Mary Schapiro will step down as chairman of the Securities and Exchange Commission next month after a tumultuous tenure in which she helped lead the U.S. government’s regulatory response to the 2008 financial crisis. President Barack Obama designated Elisse Walter, an SEC commissioner, to replace Schapiro. Schapiro will leave Dec. 14, the SEC said Monday. She was appointed by Obama in the midst of the worst financial crisis since the Great Depression. She took over after the agency failed to detect the Bernard Madoff Ponzi scheme.
(Reuters) - U.S. securities regulators were united in their decision to file civil charges against billionaire hedge fund owner Steven A. Cohen last week, in a high-stakes case that could result in Cohen being barred from the industry, people familiar with the case told Reuters. The charges by the Securities and Exchange Commission against Cohen still fall short of what the SEC had hoped for.
NEW YORK (Reuters) - The trial of former Goldman Sachs bond trader Fabrice "Fabulous Fab" Tourre next week gives the U.S. Securities and Exchange Commission an opportunity to prove that it can win big cases tied to the financial crisis. The SEC claimed an 85 percent success rate in all trials last year, but its critics have said that, when it comes to the financial crisis, its win rate has been dismal.
Since mid-2010, precisely the time millions of US citizens used up all of their 99 week of unemployment insurance, disability claims have risen by 2.2 million. Those on disability are not counted in the workforce and are not considered unemployed.
Please consider Disabled Americans Shrink Size of U.S. Labor Force