Insider trading by federal lawmakers is unlawful, but "distinct legal and factual issues" may arise and make the investigation or prosecutions difficult to proceed. However, any statutory changes on insider trading should be "carefully calibrated" to ensure they do not narrow current law, a top Securities and Exchange Commission official warned Tuesday.
Raj Rajaratnam, 54, the founder of the Galleon Group and a hedge fund multimillionaire, began his 11-year prison sentence at a former military base, near the town of Ayer, Massachusetts.
The Big 12 will send eight of its teams to bowl games this season. Conference leaders Kansas State and Oklahoma State will play in the Cotton Bowl and Fiesta Bowl, respectively.
10 out of 12 Big Ten teams will compete in bowl games, and two schools will compete in BCS bowl games, battling leaders from the Pac 12 and ACC in the Rose Bowl and Sugar Bowl.
Nine SEC schools will go bowling in the NCAA's BCS postseason, including six teams from the AP Top 25. Two SEC teams, LSU and Alabama, will also battle for the national championship title.
Here is the complete BCS bowl games schedule for the 2011-2012 season, including the match-ups and where you can watch the games.
The BCS National Championship game is set with a rematch of Alabama and LSU, but that doesn't mean the upcoming bowl game in New Orleans is without controversy.
Tim Tebow and Percy Harvin met once again on the sidelines on Sunday, but Tebow rallied the Broncos over the Vikings with another fourth quarter win thanks to two Matt Prater field goals in 93 seconds.
Texas A&M football coach Mike Sherman was dismissed Thursday night, despite athletic director Bill Byrne telling reporters that Sherman would likely return next season.
Republican lawmakers blasted the chairman of the U.S. futures regulator on Thursday for his agency's role in the collapse of MF Global and called his recusal from the investigation a way to "avoid the heat."
Insider trading by members of Congress is a clear problem, but fixing it may prove difficult.
Senators plan to press regulators on Thursday on whether they were asleep at the switch as now-bankrupt MF Global took on massive risky bets, and why hundreds millions of dollars in customer funds are still missing.
Goldman Sachs Group Inc. Chief Executive Officer Lloyd Blankfein may be asked to testify in a market regulator's insider-trading case against a former director of the Wall Street bank, a judge ruled.
Judge Jed Rakoff's refusal to accept a settlement between Citigroup and the U.S. Securities and Exchange Commission is most significant not as a rebuke of Citigroup but as a resounding statement of frustration with the Securities and Exchange Commission's perceived ineffectiveness.
Facebook, the world's largest Internet social network, is preparing for an initial public stock offering next year, according to a source familiar with the matter.
Facebook, the world's largest Internet social network, is preparing for a initial public stock offering next year, according to a source familiar with the matter.
