Frauds & Scandals

Analysis: SEC plans to take more cases to trial despite losses

Securities and Exchange Commission Chair Mary Jo White says her team will not shy away from high-stakes trials, and not just strike settlements with wrongdoers, but a string of recent court setbacks shows she has her work cut out for her. On Tuesday, a federal judge in California rejected a […]

Criminal action expected for JPMorgan in Madoff case: NYT

  JPMorgan Chase & Co (JPM.N) and federal authorities are nearing settlements over the bank’s relationship with convicted Ponzi schemer Bernard Madoff, striking tentative deals that would involve about $2 billion in penalties and a rare criminal action, the New York Times reported. The settlements would fault the bank for […]