The U.S. Justice Department botched the corruption case against the late Alaska Senator Ted Stevens, leading to a conviction that torpedoed the re-election of the chamber’s longest serving Republican, senators said.
The U.S. Justice Department and the Securities and Exchange Commission are examining leaks to the media about the insider-trading case of Galleon Group LLC co- founder Raj Rajaratnam , his spokesman said.
Two federal prosecutors “engaged in reckless professional misconduct” during the failed public corruption case against deceased Alaska Senator Ted Stevens and should be suspended without pay, the U.S. Justice Department said.
U.S. Attorney General Eric Holder named a career prosecutor to oversee the Justice Department’s ethics office after a U.S. judge earlier this year criticized the department’s handling of charges against the late Senator Ted Stevens of Alaska.
The U.S. Securities and Exchange Commission approved a rule barring financial advisers to state and local governments from engaging in deceptive practices, one of the first steps to regulate the business.