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washingtonpost.com - Wall Street Probe
Wall Street Probe
- A Run for the Money
New York Attorney General Eliot L. Spitzer, who is running for governor in 2006 on the strength of his high-profile investigations of Wall Street and the financial-services industry, is having no problem raising money for his campaign. - Buffett to Talk to Regulators
Warren E. Buffett has agreed to meet with investigators probing deals between a Berkshire Hathaway Inc. subsidiary and American International Group Inc., but a spokesman for the New York Attorney General said Buffett is not a target of the investigation. - Insurance Broker Will Pay Back Customers
The nation's largest insurance broker, Marsh & McLennan Cos., agreed Monday to repay customers $850 million and revamp its business practices to settle charges that the company had accepted kickbacks and conspired with insurers to rig bids over the past four years. - Brokers' Gifts Investigated
Securities regulators are opening up yet another front in their long-running investigation of the mutual fund industry, examining brokerage firms that allegedly gave mutual fund employees lavish gifts in exchange for business, officials said yesterday. - NASD Bars Ex-Banker Quattrone For Life
Securities industry regulators barred former investment banker Frank P. Quattrone Monday from ever working in the securities industry again. - Wall Street Gender Bias Case Settled
Morgan Stanley agreed Monday to pay $54 million to settle a claim that it systematically underpaid and failed to promote women. - SEC Charges Texas Firm With Fraud
Mutuals.com and three executives helped clients place predatory short-term trades in popular mutual funds, and even open up shop under two other names to help their clients evade detection, the SEC said. - Does NYSE Need a Human Touch?
Many specialists on the floor of the New York Stock Exchange lack college degrees, and some never finished high school. Instead, they rely on steady nerves and fierce loyalty -- critics have called it a code of silence -- to succeed. - NASD Accuses Former Partner at Trading Firm
A former partner of Spear, Leeds & Kellogg engaged in fraudulent trades that created the appearance of market activity in a stock, the industry self-regulatory group NASD said Wednesday. - Charges Expected in Prudential Case
Massachusetts regulators and the SEC plan to bring civil securities fraud charges against two former managers of Prudential Securities' Boston office and three former brokers there for allegedly improper mutual fund trading, sources said. - Lawmakers Lambaste Mutual Funds
Several key members of Congress chastised the mutual fund industry Monday over continuing revelations of its trading abuses, saying the problems demonstrate the need for new laws to toughen rules and oversight. - SEC Finds Mutual Fund Trading Abuses
The Securities and Exchange Commission has found that a quarter of the nation's largest brokerage houses helped clients trade mutual funds after hours. - Scandal Tarnishes Mutual Funds
The scandal over favoritism in the industry has prompted regulators to push for the biggest overhaul of the system in more than 50 years. - $1.4 Billion Wall Street Settlement Approved
Six months after securities regulators and 10 of Wall Street's biggest banks signed a landmark $1.4 billion conflict-of-interest settlement, a federal judge approved the deal Friday, clearing the way for harmed investors to recoup $399 million. - 30 Firms Face NASD Fund-Trading Probe
NASD, the securities industry's main regulator, is investigating more than 30 firms in connection with improper mutual fund trading. - Mutual Fund Probes Not Driving Off Investors
New York state's probe of four mutual fund companies does not appear to have created an industry-wide retreat by investors, although some funds at the center of the investigation have seen outflows. - Mutual Fund Abuses Alleged in Two Cases
NEW YORK, Sept. 16 -- State, federal and industry regulators converged on the mutual fund business today, bringing criminal and administrative charges against a former Bank of America official for allegedly helping a hedge fund illegally trade after hours and fining Morgan Stanley $2 million to settle charges that it offered prizes to brokers for steering investors to specific mutual funds. - Mutual Fund Investors' Confidence Shaken
A series of recent revelations has tarnished the image of the sector. - Wall Street Draws SEC Warning
The Securities and Exchange Commission's top cop warned Wall Street firms yesterday that they must root out conflicts of interest or face increased enforcement in the wake of scandals involving biased research analysts and allegations that mutual funds favored large investors over small buyers. - Two Funds to Reimburse Investors
Bank of America Corp. and Janus Capital Group Inc. officials said Monday that they plan to reimburse any mutual fund investors who lost money because their companies gave special privileges to a hedge fund that is the subject of an illegal-trading probe announced last week.
