Congress should bring greater transparency to equity markets by investigating the roles of high-frequency traders and broker-run trading venues known as dark pools, a group of state securities regulators said today.
Former SAC Capital Advisors LP junior portfolio managers Noah Freeman and Donald Longueuil were charged with insider trading while working at the $12 billion hedge fund, the latest round of charges in a nationwide crackdown by federal prosecutors.
Raymond James Financial Inc. will pay $300 million to clients who bought auction-rate securities, moving to resolve regulators’ claims that the firm misled investors about risk before the market froze three years ago.
In a dusty, Wichita, Kansas, re- creation of a frontier town last week, while state securities regulators slapped at mosquitoes and swapped stories about cagey financial crooks over cocktails, a spurs-and-boots-clad sheriff drew his weapon and staged a faux gunfight in the town square.
North American Securities Administrators Association Photos