Mizuho Financial Group Inc. agreed to pay $128 million to settle U.S. regulatory claims that it used “dummy assets” to inflate the credit ratings of a financial product tied to subprime mortgages as the housing market deteriorated in 2007.
Noah Freeman and Donald Longueuil , former portfolio managers at SAC Capital Advisors LP, were accused of insider trading while working at the $12 billion hedge fund in the latest round of charges stemming from a nationwide crackdown by federal prosecutors.
Three hedge fund portfolio managers and a hedge fund analyst were charged in New York federal court with insider trading, U.S. prosecutors said in a statement announcing a noon press conference today in Manhattan.
A former principal of wealth management firm Anchin, Block & Anchin LLP, Evan Snapper , pleaded guilty to causing the Hillary Clinton for President Committee to “unwittingly” submit false statements to the Federal Election Commission, the U.S. Justice Department said.
Alpha Prime Fund Ltd. and Senator Fund SPC, two funds sued along with HSBC Holdings Plc by the trustee liquidating Bernard Madoff’s firm, filed so-called cross claims against HSBC to try to recoup damages they incurred in the fraud.