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Crowdfunding is popular among musicians, filmmakers and artists looking for a way to finance their next project. Now the Securities and Exchange Commission is considering rules that would allow small companies to solicit investments over the Internet and sell shares to the public.
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Traders in JPMorgan's London offices racked up huge losses last year and then tried to cover up what happened. Now, the bank is admitting the violations and agreeing to pay nearly $1 billion to regulators in the U.S. and U.K.
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The regulation, part of the 2010 Dodd-Frank Wall Street reform law, is one of two measures of the act that the SEC has yet to implement.
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The fine is reportedly said to be at least $700 million for what authorities say were massive derivative bets made without adequate risk controls in place. The case became known as the "London Whale" owing to the size of the trades made.
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The Securities and Exchange Commission has launched an investigation of JPMorgan Chase's operations in China, reportedly looking into whether the investment bank hired the children of high-ranking Chinese government officials in an effort to secure business.
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The government says it has "voluminous" evidence to prove the firm knowingly participated in insider trading over a 10-year period.
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But billionaire hedge fund owner Steven Cohen was not hit with criminal charges. SAC is charged with one count of wire fraud and four counts of securities fraud in connection with alleged insider trading by "numerous employees."
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The 57-year-old founder and head of SAC Capital Advisors is accused of allowing senior employees to make trades based on inside information.
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The news that federal regulators have repealed an 80-year ban on advertising of private stock offerings has gotten a lot of attention in Boulder business…
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The social media giant's debut on Wall Street one year ago ran into problems. Trades were delayed and some investors lost money. The Securities and Exchange Commission blames NASDAQ's "poor systems and decision-making."