Federal Bureau

Federal Bureau News

  • BofA, NYSE, Brokerages Sued Over High-Frequency Trading

    Bank of America Corp. and the New York Stock Exchange were among dozens of exchanges, brokerages and traders sued over high-frequency trading by the city of Providence, Rhode Island, over claims they rigged securities markets to divert billions of dollars from buyers and sellers of shares.

  • High-Speed Trader Virtu Said Questioned in N.Y. Inquiry

    Virtu Financial Inc., the high- frequency trader trying to sell shares in an initial public offering, has grabbed the attention of New York’s attorney general as he investigates the industry.

  • Boston Bomb Suspect Loses Bid for Evidence on Brother

    Boston Marathon bombing suspect Dzhokhar Tsarnaev’s lawyers, seeking to spare him from the death penalty, lost a bid to force the U.S. to turn over evidence that may show his older brother radicalized him and led the attack.

  • Rajat Gupta Agrees to Surrender to Prison on June 17

    Rajat Gupta, the former Goldman Sachs Group Inc. director convicted in a 2012 insider trading scheme tied to the Galleon Group LLC hedge fund, agreed to surrender to prison authorities on June 17 to begin a two-year sentence, a federal judge in Manhattan said.

  • Herbalife Consumer Complaints Probed by Illinois Official

    Illinois Attorney General Lisa Madigan joined the growing list of officials and agencies investigating consumer complaints about the nutritional supplement company Herbalife Ltd.

  • High-Frequency Fight Starts in Foreign Exchange

    Foreign-exchange dealers say they have the solution to the high-frequency trades eroding banks’ profits across financial markets.

  • High-Speed Traders Said to Be Subpoenaed in N.Y. Probe

    New York Attorney General Eric Schneiderman sent subpoenas to six high-frequency trading firms seeking information about special arrangements they have with exchanges and dark pools as well as their trading strategies, according to a person familiar with the matter.

  • U.S. Agent Lures Romanian Hackers in Subway Data Heist

    U.S. Secret Service Agent Matt O’Neill was growing nervous. For three months, he’d been surreptitiously monitoring hackers’ communications and watching as they siphoned thousands of credit card numbers from scores of U.S. retailers.

  • Ex-Sanofi Executive Gets 16 Months for Insider Trading

    A former Sanofi executive who cooperated with prosecutors got 16 months in prison after a judge called him a leader of an insider-trading ring that made $1.4 million in profit off pharmaceutical and medical-technology company tips.

  • IRS Among Agencies Using License Plate-Tracking Vendor

    The Internal Revenue Service and other U.S. agencies awarded about $415,000 in contracts to a license plate-tracking company before Homeland Security leaders dropped a plan for similar work amid privacy complaints.

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