Beazer Homes USA, the homebuilder that last year settled U.S. allegations that it misstated earnings, said its chief executive officer may be sued by regulators to recover incentive pay he collected. The Securities and Exchange Commission sent CEO Ian J. ...

Tagged with: Beazer Homes USA Ian J. McCarthy Sarbanes-Oxley Act Securities and Exchange Commission

Kmart Corp.’s former Chief Executive Officer Charles Conaway misled investors about the company’s cash crisis in the months before its bankruptcy in 2002, a U.S. lawyer said in closing arguments at Conaway’s civil fraud trial. The Securities and Exchange Commission, ...

Tagged with: Alan Lieberman Charles Conaway Kmart Scott Lassar Securities and Exchange Commission Steven Pepe U.S. District Court

Wyeth and Pfizer Inc. should pay more than $27 million in punitive damages to an Arkansas woman over the drugmakers’ mishandling of menopause drugs linked to her breast cancer, a lawyer told an appeals court. A federal judge in Arkansas ...

Tagged with: 8th U.S. Circuit Court of Appeals Donna Scroggin Pharmacia Premarin Prempro Provera Securities and Exchange Commission Upjohn Vioxx Wyeth

What would Ferdinand Pecora do? Thirty-seven years after his death, the name of this former assistant district attorney from New York suddenly is on a lot of politicians’ lips. Starting in 1933, as counsel to the Senate Banking and Currency ...

Tagged with: Ferdinand Pecora Glass-Steagall Act Nancy Pelosi Securities and Exchange Commission Timothy Geithner Treasury Department Wall Street

I’m no hedge fund manager, but this much I know: If someone handling my clients’ wealth coaches me on what to say to federal agents, I’m going to suspect the guy is doing something wrong. Bernard Madoff in 2005 instructed ...

Tagged with: Bernard Madoff hedge fund Ponzi scheme Securities and Exchange Commission

U.S. Sen. Jack Reed has circulated a draft bill that would open the door for investors to seek legal damages from credit-rating companies after the firms drew criticism for giving top grades to asset-backed debt. Investors could sue companies including ...

Tagged with: credit-rating companies Fitch Ratings Moody's Securities and Exchange Commission Sen. Jack Reed Standard & Poor's

For financier con man Robert Vesco, Central America and the Caribbean beckoned when he was charged in the United States with a $224 million mutual fund fraud. Movie director Roman Polanski made do with Paris as his home 30 years ...

Tagged with: Marc Rich mutual fund fraud R. Allen Stanford Robert Vesco Roman Polanski Securities and Exchange Commission

A week after pleading guilty to federal fraud charges, a former president of First Bank Mortgage is facing a civil suit by the U.S. Securities and Exchange Commission. The SEC suit against Mark T. Turkcan was filed Feb. 4 in ...

Tagged with: Bill Margulis civil suit Daniel Ryan First Bank Mortgage First Banks Inc. fraud lawsuit Mark Turkcan Securities and Exchange Commission Sheahan Financial

Want to foster greater responsibility, Mr. President? Give investors a greater say in how their companies are run. That should be a no-brainer and part of any plan to reform the U.S. financial system. Mary Schapiro, the new administration’s pick ...

Tagged with: Barack Obama Mary Schapiro Securities and Exchange Commission

Mary Schapiro, seeking to win Senate confirmation to be chairman of the Securities and Exchange Commission, said she will “reinvigorate” an enforcement unit that has drawn fire from lawmakers for missing Bernard Madoff’s alleged $50 billion Ponzi scheme. “I will ...

Tagged with: Bernard Madoff Christopher Dodd Financial Industry Regulatory Authority Mary Schapiro Securities and Exchange Commission Senate Banking Committee

Thank you, Bernie Madoff. I want to be the first to give you credit for the great service you’ve done for the investing public. Your alleged misdeeds are so over the top, even for these times, that I think Congress ...

Tagged with: Bear Stearns Bernard Madoff Bernie Madoff credit JPMorgan Ponzi scheme Securities and Exchange Commission Wall Street