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.
Richard Strassberg, the Goodwin Procter LLP lawyer who represented Martha Stewart’s broker Peter Bacanovic in his 2004 criminal trial, will head a legal team defending former SAC Capital Advisors LP portfolio manager Mathew Martoma against insider-trading charges.
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.
U.S. securities regulators settled an insider-trading case with a Texas man who allegedly bought National Semiconductor Corp. shares based on a tip about its acquisition gleaned from his wife, a lawyer whose firm consulted on the deal.
SharesPost Inc. and its president will pay $100,000 to resolve claims that the online marketplace for private-company shares acted as an unregistered broker, as U.S. regulators took their first action in a probe of trades involving non-public startups.
Jon S. Corzine, MF Global Holding Ltd.’s former chief executive officer, may face potential legal liability if investigators show he knew customer money might be used when he ordered $200 million transferred to a U.K. account as his brokerage neared collapse, Bloomberg News’ Linda Sandler and Phil Mattingly report that former prosecutors said.
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.
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.