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American Crystal Sugar Co. continues to advertise for local replacement workers, including in the Grand Forks Herald, in the sixth month of the lockout of its union employees.
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NEWARK - Prudential Financial has agreed to improve its practices for identifying deceased life insurance policyholders and pay beneficiaries as part of a settlement reached last week with 20 state governments.
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It\’s been a bad couple of weeks for New Jersey-based drug maker Johnson and Johnson , as the pharmaceutical giant quietly settled a multibillion-dollar lawsuit and is reportedly bracing for an onslaught of others from thousands of recipients of a popular antibiotic that may have caused irreparable nerve damage and other serious injuries to … (more)
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Securities and Exchange Commission Chairman Mary Schapiro and SEC Inspector General David Kotz confer at a joint hearing of the House Oversight and Government Reform Committee\’s TARP, Financial Services and Bailouts of Public and Private Programs Subcommittee on Capitol Hill in Washington in this September 22, 2011 file photo.
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Manhattan federal judge Jed Rakoff is certainly not shy about speaking for himself.
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The SEC has charged an investment advisory arm of UBS with overstating the prices of securities in three mutual funds, some times by more than 100%. The federal regulator that that the failure \”to properly price securities\” in three mutual funds that it managed resulted in the mismarking of the net asset values of those funds.
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The inspector general for the Securities and Exchange Commission is leaving his position after four years, during which he put the agency under harsh scrutiny and exposed serious lapses in detecting or pursuing major fraud schemes.
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Love him or hate him, there\’s no denying David Kotz\’s four-plus years as inspector general of the Securities and Exchange Commission helped restore some much needed accountability at Wall Street\’s main regulator.
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If the dozen bank and mortgage executives most responsible for nearly killing the American economy were making license plates inside a federal prison right now, one judge\’s recent attempt to force the Securities and Exchange Commission to take a tougher stand against the banks would probably have attracted much less attention.
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The firm, which named Jay Biancamano as executive chairman in November, said it would focus solely on three products: AlphaPro, a product which recommends trade execution strategies based on past experience; its Algorithm Switching Engine, which attempts to predict market moves and allows traders to switch strategies in anticipation; and the Block … (more)
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