(CN) - The D.C. Circuit affirmed the Securities and Exchange Commission's decision not to restrict investment in small businesses under JOBS Act exemptions to investors with a certain amount of wealth or sophistication.
(CN) - Former Qwest CEO Joseph Nacchio cannot claim an $18 million credit for the taxes he paid on $44 million in profits earned through insider trading, the U.S. Court of Appeals for the Federal Circuit ruled.
(CN) - In deciding the venue for the Securities and Exchange Commission's case against private equity boss Lynn Tilton, the Second Circuit towed the line of federal courts, which have shown reluctance to let defendants use unconstitutional-appointment claims to sidestep administrative judges.
(CN) - Five real estate executives accused of running a $300 million Ponzi scheme cannot be forced to disgorge their ill-gotten gains due to the Securities and Exchange Commission's delay in bringing charges, a federal appeals court ruled.
CHICAGO (CN) - A precious-metals trading business cannot ask a court to determine whether it is in compliance with federal regulations before the CommodityFutures Trading Commission completes an investigation, the Seventh Circuit ruled.
(CN) - Shareholders joined the fray in the struggle for Viacom, claiming that both incumbent and ousted directors appeased Sumner Redstone to maintain their lucrative positions, even as he descended into dementia and drooled at the table.
(CN) - Billionaire investor Nicholas Schorsch, his company officers and financial auditor conspired to cook financial statements in the wake of several high-profile company acquisitions that netted them "hundreds of millions of dollars in fees," shareholders claim in a derivative action.
(CN) Despite steadily increasing quarterly earnings, investors in cloud-based customer service provider inContact Inc. say the company is being sold to NICE-Systems Ltd. for an unfair $940 million.
(CN) - A $170 million buyout of United Online Inc. by B. Riley Financial Inc. fails to adequately compensate stockholders by undervaluing the company, shareholders claim in federal court.
(CN) - An investigation by Brazilian Federal Police into the tax dealings of one of Brazil's largest banks has spurred a lawsuit from investors who claim the bank violated U.S. federal securities laws by downplaying the severity of allegations against it.
(CN) - Ruckus Wireless Inc. shareholders claim in court that a buyout completed in late May 2016 by Brocade Communications System Inc. undervalues the company's stock, while netting company insiders $70 million in unfair incentives.
(CN) - Ingram Micro Inc. investors say a $6 billion buyout by Chinese aviation and shipping conglomerate HNA Group undercuts stock values at shareholders' expense to serve the agenda of top company executives.
. (CN) - Merrill Lynch and Bank of America owe at least $420 million stemming from a series of bad mortgage loans made by Countrywide Home Loans, HSBC Bank USA claims in a summons as trustee for a Merrill Lynch asset trust.
(CN) - With the implementation of new crowdfunding rules this week, the head of the Securities and Exchange Commission told an international financial regulators' conference that improving startup companies' access to capital must be balanced with strong investor protections given the high failure rate of start-ups.
(CN) - The North American Securities Administrators Association has "serious concerns" about new legislative proposals that could limit the authority of the Securities and Exchange Commission and open up "safe harbors" that could be used by fraudsters.
(CN) - Global stock markets lost more than $2 trillion in value on Friday after Briton's voted to leave the European Union, setting the stage for an uncertain and volatile week ahead in politics and finance.
BROOKLYN, N.Y. (CN) - A fresh count in the indictment charging Martin Shkreli with an $11 million securities fraud could not wipe the smirk from his mug as the so-called pharma bro entered a new not-guilty plea.
DALLAS (CN) - Texas Attorney General Ken Paxton professed his innocence of felony securities charges, in his most detailed comments yet on criminal and civil cases that he blames on President Barack Obama and political opponents.
(CN) - Recidivist securities fraudster Gregg Mulholland pleaded guilty to money laundering and securities fraud charges for his part in a massive offshore investment fraud using a network of crooked shell companies in Belize and Panama, federal prosecutors announced.