Facebook Inc.’s initial public offering demonstrated flaws in U.S. securities laws that must be fixed, according to House Oversight and Government Reform Committee Chairman Darrell Issa.
Barry Silbert was born to trade.
Investors who sued over $351 billion in downgraded Countrywide Financial Corp. mortgage-backed securities after the 2007 subprime market collapse may have to settle for less than 1 percent of what they initially sought.
Life Partners Holdings Inc. and its Life Partners unit won a ruling by a Texas judge that the interests it sells in life insurance policy settlements aren’t securities covered by state law.
Emaar Malls Group LLC, owner of one of the world’s biggest shopping malls, plans a debut sale of Islamic bonds after raising $1.5 billion from a loan last month.
JPMorgan Chase & Co. and credit- ratings companies lost a bid to throw out lawsuits over the sale of $2.8 billion of mortgage-backed securities to the Federal Home Loan Bank of Pittsburgh.