Kathleen Tarr says AT&T Inc. employees looked to her as “their de facto 401(k) expert.” Visiting their homes and offices, she advised them on their retirement plans as they called up balances on computer screens.
Barclays Plc, the U.K.’s second- largest lender by assets, paid investment bankers bonuses “incapable of justification” as employees focused on revenue at the expense of clients, according to an internal report.
Wells Fargo & Co. and U.S. Securities and Exchange Commission lawyers were told by a federal judge to meet to discuss the agency’s subpoenas for documents about an investigation of mortgage-backed securities.
A California hedge fund manager agreed to pay $14 million to settle claims by the U.S. Securities and Exchange Commission that he secretly diverted cash from investors to entities he owned and controlled.
The U.S. Securities and Exchange Commission ordered a San Francisco hedge fund and three former employees to pay $1.2 million to resolve claims they misused client assets while investing in subprime car loans.
The U.S. Securities and Exchange Commission is investigating whether HRJ Capital LLC., a defunct investment firm run by former members of the San Francisco 49ers football team, misled investors as it struggled to stay solvent in 2008, according to four people with direct knowledge of the probe.