Insider trading

Nomura To Slash Executive Pay In Wake of Insider Trading Scandal

Top Japanese securities firm Nomura Holdings, which has been caught in an insider trading scandal, will slash the compensation of its CEO, Kenichi Watanabe, and other top executives by as much as 50 percent for six months and lay off those involved in insider trading, the company said Friday.

Mubarak In Critical Condition, Near Coma

Ex-dictator Hosni Mubarak is slipping in and out of consciousness eight days after he was sent to prison to begin serving a life sentence, an Egyptian security official said Sunday.

Eduardo Saverin: 10 Things To Know About The Facebook Co-Founder

Eduardo Saverin is just one of four co-founders of the social-network powerhouse that is Facebook. But what makes Saverin so unique, among other qualities, is that while he is the only co-founder to have no decision making power in the company, he still owns less than 5 percent of Facebook's shares and has a net worth of $2 billion.

BTG Pactual Raises $1.96B In IPO

Brazilian investment bank BTG Pactual raised 3.65 billion reais ($1.96 billion) in the country's largest initial public offering in more than 2 1/2 years amid strong demand, a local regulator said Tuesday.

Goldman Sachs employee under investigation

Federal prosecutors in California are investigating a Goldman Sachs employee for insider trading, according to prosecutors and defense lawyers who attended a hearing in U.S. federal court in New York on Thursday.

Obama Signs Stock Act, Banning Insider Trading In Congress

Trading on nonpublic information is already illegal for House and Senate members, but the new law bars them and any other federal employee from trading on nonpublic information about upcoming legislation or regulations. It also tightens disclosure requirements on financial transactions.

Ex-Goldman director Gupta loses wiretap ruling

Former Goldman Sachs Group Inc director Rajat Gupta lost his bid to suppress wiretap evidence from his upcoming criminal insider-trading trial on charges that he leaked boardroom secrets to hedge fund founder Raj Rajaratnam.

Ban On CongressionaI Insider Trading Passed

The Senate Thursday voted overwhelmingly to send President Barack Obama legislation imposing new curbs on insider trading by members of Congress, even though the measure was weaker than a version it passed in February.

Goldman person leaked Apple, Intel secrets: lawyer

A person at Goldman Sachs Group Inc, who has not been identified or charged in a broad U.S. insider-trading probe, was caught on a wiretap leaking secrets about Intel Corp and Apple Inc, a lawyer for accused former Goldman board member Rajat Gupta said in court on Friday.

Goldman Sachs Greg Smith Resignation: 4 Other Controversies To Hit The Firm

The resignation letter printed as an op-ed in The New York Times on Wednesday by Greg Smith, a London-based executive director for Goldman Sachs that oversees equity derivatives, has stirred up a lot of trouble for the firm. Smith claimed that the environment now is as toxic and destructive as I have ever seen it. This upset is far from the first for the firm. Goldman Sachs has been involved in a string of controversies ranging from involvement with Greek debt to insider trading.