Government
SEC Testing ‘Customized’ Punishments
The U.S. Securities and Exchange Commission is experimenting with punishments that more closely fit the wrongdoing at issue in a bid to give its enforcement cases more bite. Criticized for its ...Ex-JPMorgan Execs Pressed About $6B Trading Loss At Senate Hearing
Two former high-ranking executives at JPMorgan Chase faced tough questions from U.S. senators Friday about why the bank played down risks and hid losses from regulators when it was losing billions of ...
Lawsuit Tests Bloggers’ Freedom Of Speech Rights
A colleague of the late conservative blogger Andrew Breitbart is asking a federal court of appeals to throw out a defamation case brought against him by former government employee Shirley Sherrod, ...BP Sues To Block Gulf Spill Settlement Payouts, Alleges Administrator ‘Rewriting’ Deal
On Friday, BP sued to block what could be billions of dollars in settlement payouts to businesses over the 2010 Gulf of Mexico oil spill, the worst offshore oil spill in U.S. history. The ...Judge Rules Secret FBI Letters To Banks, Other Cos. Unconstitutional
A federal judge has ruled that the FBI's practice of issuing so-called national security letters to banks, phone companies and other businesses is unconstitutional, saying the secretive demands for ...Cohen’s SAC To Pay $616 M In SEC Insider Trade Settlement
Hedge fund titan Steven A. Cohen's firm is paying $615.7 million to settle charges that it improperly traded in two stocks, in what is the largest-ever, insider trading settlement, U.S. securities ...
President-To-President: Obama, China’s Xi Discuss Cyber Security In Phone Call
President Barack Obama took mounting U.S. concerns about computer hacking straight to China's president on Thursday in a sign of how seriously the United States takes the threat of cyber attacks ...