A former Celgene Corp. director of financial reporting was sentenced to 16 months in prison for insider trading after his lawyer said he was a nerd who wasn’t motivated by typical drives like sex, drugs, gambling or greed.
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.
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, 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.
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. 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.