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The Senate confirmed a cluster of President Barack Obama's nominees to government posts on Thursday, including his secretaries of housing and transportation and members of his economic and environmental teams. But his picks for attorney general and deputy defense secretary remained mired by questions over interrogation methods and ethics. ...more
January 22, 2009
The Securities and Exchange Commission filed suit in federal court against missing Sarasota hedge fund manager Arthur Nadel and his business entities, accusing Nadel of deceiving investors and funneling their money into secret bank accounts. ...more
January 22, 2009
The Securities and Exchange Commission filed suit in federal court against missing Sarasota hedge fund manager Arthur Nadel and his business entities, accusing Nadel of committing fraud by deceiving investors and funneling their money into secret bank accounts. ...more
January 21, 2009
Investors in a Sarasota-based hedge fund could be out $350 million, and the man behind it has vanished. Managers of the fund are telling clients that their money is gone, and they do not know if any will be recovered. ...more
January 16, 2009
GMAC LLC will no longer have exclusive rights to provide no- or low-interest loans to people who take advantage of General Motors financing incentives, as part of the complex deal that gave the troubled lender billions in federal aid. ...more
January 3, 2009
A list of Bernard Madoff's assets filed Wednesday with the U.S. Securities and Exchange Commission will not be made public, said the regulator, which accused him in a lawsuit this month of directing a $50 billion fraud. ...more
January 1, 2009
SEC Accountant Exiting The top accountant in the Securities and Exchange Commission's enforcement branch is leaving for a private sector job next month, in what could herald a wave of departures from the embattled agency. ...more
December 31, 2008
Banks that are getting taxpayer bailouts awarded their top executives nearly $1.6 billion in salaries, bonuses and other benefits last year, an Associated Press analysis reveals. ...more
December 22, 2008
Banks that are getting taxpayer bailouts awarded their top executives nearly $1.6 billion in salaries, bonuses, and other benefits last year, an Associated Press analysis reveals. ...more
December 21, 2008
Madoff Monitored By Feds; Obama Reacts To Scandal NEW YORK (AP) - Bernard Madoff spent his first day under electronic monitoring Thursday as President-elect Barack Obama said the scandal brought on by the disgraced investor "has reminded us yet again of how badly reform is needed." ...more
December 21, 2008
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