As has widely been reported, the Justice Department’s joint investigation with the SEC into Goldman Sachs CMO offerings and simultaneous short positions are over; and no charges are being filed. The New York Times Dealbook noted that the Justice Department concluded that there was ...Read More

In the last 48 hours, new details on Facebook’s screwed-up IPO have come to light. A lot of things went wrong, and a lot of investors–and regulators–are not too happy about it. To start with, the SEC would like to know why Facebook CFO ...Read More

Richard Schulze has resigned as Best Buy's chairman after an internal audit said that he knew about a former chief executive’s improper relationship with an employee but failed to report it. ...Read More

The Financial Services Authority dished out more than £4m in fines for financial misconduct yesterday. ...Read More

A San Francisco investment banker for Goldman Sachs has been under investigation for two and a half years--but his employer has kept their faith in him. ...Read More

The trustees and foreign authorities overseeing the bankruptcy of MF Global Holdings Ltd. face competing and conflicting duties that are delaying the return of customer and creditor funds, one of the company’s trustees said in testimony prepared for a U.S. Senate hearing today. ...Read More

A preliminary investigation into the night of alleged debauchery involving members of President Obama's advance security team in Colombia has revealed that additional military personnel may have been involved in the prostitution scandal, Pentagon officials said Monday. ...Read More