High-frequency trading firms are drawing scrutiny from U.S. regulators seeking evidence that they may be distorting market prices by conducting transactions with themselves, said two people with knowledge of the matter.
Thomas Priore was about to play the biggest football game of his life. The Harvard University quarterback, who’d lost his starting job earlier in the season, was given a second chance and would take the field against rival Yale University.
ICP Asset Management LLC founder Thomas Priore was accused by the U.S. Securities and Exchange Commission of illegally selling two homes into trusts controlled by himself, his wife and a friend after he was told the agency planned to sue him for fraud.
A New Orleans federal judge lifted the six-month moratorium on deepwater drilling imposed by President Barack Obama following the largest oil spill in U.S. history. Drilling services shares jumped on the news.
The Federal Reserve Bank of New York is seeking bids for parts of two collateralized debt obligations tied to real-estate debt, after acquiring the securities in the government rescue of American International Group Inc. in 2008.
ICP Asset Management LLC and its founder were sued by U.S. regulators for their role in overseeing mortgage-linked investments insured by American International Group Inc. as the housing market declined.
ICP Asset Management LLC and founder Thomas Priore were sued in New York, accused by fund liquidators of misusing $36.5 million in assets to satisfy margin calls made on a collateralized debt obligation.
A U.S. lawsuit against ICP Asset Management LLC opens a new front in the government’s probe of collateralized debt obligations, focusing on managers of instruments that in some cases wiped out investors in less than a year.
ICP Asset Management LLC and its founder Thomas Priore were sued for fraud by the U.S. Securities and Exchange Commission for their role in trading mortgage- backed securities at inflated prices as the housing market declined starting in 2007.