Iron Mountain Inc. and Equinix Inc., two technology companies planning to convert to real estate investment trusts, plunged after saying that the U.S. Internal Revenue Service is scrutinizing their eligibility.
Sam Wyly, the former Michaels Stores Inc. chairman sued by the U.S. Securities and Exchange Commission for alleged insider trading and securities fraud, won a ruling limiting the civil penalties the agency can seek.
Three large U.S. stock exchanges are lobbying for new limits on dark pools and other competitors, arguing that too much trading has become hidden on private venues that create more cost and volatility in public markets.
Former Goldman Sachs Group Inc. trader Fabrice Tourre lost a bid for a ruling that he wasn’t liable under U.S securities laws for foreign transactions while the U.S. Securities and Exchange Commission won a ruling that Tourre violated a provision of U.S. securities law.
Former Goldman Sachs Group Inc. executive Fabrice Tourre asked a judge to block the U.S. Securities and Exchange Commission from arguing at his fraud trial set for July that he contributed to the financial crisis.
George Canellos, 48, has one of the Securities and Exchange Commission’s top jobs. The SEC’s new chairman, Mary Jo White, appointed him as co-director of the enforcement division, along with Andrew Ceresney, a former partner of White’s at Debevoise & Plimpton. Their job is to oversee 1,200 investigators, accountants and lawyers who try to root out corruption on Wall Street. Canellos should be above reproach.