Government
SEC Charges Illinois With Securities Fraud For Misleading Muni-Bond Investors About Pension Woes
On Monday, the Securities and Exchange Commission charged the State of Illinois with securities fraud for misleading municipal bond investors about the state's approach to funding its pension ...Illinois Deal On Fracking Could Be National Model
After years of clashing over the drilling method known as hydraulic fracturing, or "fracking," the oil industry and environmentalists have achieved something extraordinary in Illinois: They sat down ...Trend Emerging? 3rd VC Firm Targeted In Harassment, Discrimination Suit
Three executive assistants are suing venture firm CMEA and one of its former partners for harassment and retaliation, marking the third lawsuit in less than a year alleging unfair treatment of women ...
U.S. SEC ‘Sweeps’ Scrutinizing Fund Fees, Alternative Fund Risks
The top U.S. securities regulator plans to examine how the advisory industry pays mutual fund distributors, as well as broader trends and risks involving alternative funds. U.S. Securities and ...
Aviation Insurers Among Critics Of New TSA Policy On Knives
Flight attendants, pilots, federal air marshals and even insurance companies are part of a growing backlash to the Transportation Security Administration's new policy allowing passengers to carry ...SEC Says Goldman Can’t Leave Chair/CEO Split Proposal Off Proxy
Goldman Sachs Group Inc. lost its battle to ignore an investor proposal to strip Chief Executive Lloyd Blankfein of his chairman role, according to correspondence posted on the U.S. Securities and ...India Ready To Stop Iran Oil Imports As Insurers Drop Coverage, Refiner Says
India is set to halt all crude imports from Iran because insurance companies in the country have said refineries processing the oil will no longer be covered due to Western sanctions, the head of ...Fidelity Faces ERISA Class-Action Over Float Income; Mass. Insurer Plan Participants Part Of Class
Fidelity Investments, the largest U.S. provider of workplace retirement plans, is facing more accusations it improperly uses customer money earned in overnight accounts to pay its own operating ...