probes

  • bill ackman

  • the shack

    News

    Like Everyone Else, RadioShack’s Creditors Are Mystified By Its Longevity

    One of the great mysteries of the universe.

    / Feb 19, 2015 at 3:50 PM
  • News

    UBS, Deutsche Bank Could Really Do Without All These Probes-Into-Possibly-Shady-Business Announcements

    Beggars can’t be choosers, etc, but honestly, they really put a damper on earnings day!

    / Jul 29, 2014 at 12:37 PM
  • jp_morgan

    News

    JP Morgan Makes Helpful List Of Legal Woes, For Those Having Trouble Keeping Track

    In its latest corporate confession, the nation’s biggest bank disclosed that it’s facing more than a dozen civil and criminal investigations into its virtually every aspect of its business. Beyond the infamous “London Whale” debacle, the bank is also being investigated over mortgage-bond sales, improper foreclosure practices, interest-rate rigging and power market manipulation, according to […]

    / Nov 1, 2013 at 5:34 PM
  • Hedge Funds

    Someone Other Than Steve Cohen Is Facing An Insider Trading Investigation

    Nobody’s trying to put Paul Singer in jail—yet—but the Elliott Management chief has had to disclose an insider-trading probe to his investors.

    / Jan 7, 2013 at 5:22 PM
  • secbuilding

    News

    SEC Staffers Have Made Remarkable Progress Re: Learning What Constitutes Appropriate Use Of A Work Computer

    If you had asked us two years or two months or two days ago if we thought that there would be a time in the near future when Securities and Exchange employees would not be getting reprimanded for watching porn on their work-issued computers, we would have said absolutely not. No judgment, but in our professional opinion, people do not go from, among other things:

    * Receiving “over 16,000 access denials for Internet websites classified by the Commission’s Internet filter as either “Sex” or “Pornography” in a one-month period”
    * Accessing “Internet pornography and downloading pornographic images to his SEC computer during work hours so frequently that, on some days, he spent eight hours accessing Internet pornography…downloading so much pornography to his government computer that he exhausted the available space on the computer hard drive and downloaded pornography to CDs or DVDs that he accumulated in boxes in his office.”
    * www.ladyboyx.com, www.ladyboyjuice.com, www.trannytit.com, and www.anal-sins.com

    …to living a porn-free existence at l’office. Did we think they’d take baby steps toward that goal sure? But when you’ve tried to log on to your websites of choice, on average, 533 times a day, assuming weekends were worked, baby steps means getting yourself to a place where you can do a solid two hours of work each week without hitting up anal-sins.com. So you can imagine (and probably share in) our surprise to hear that, according to a probe by Interim Inspector General Jon Rymer re: “misuses of government resources,” the worst offenses one office was charged with claiming they needed iPads to do their jobs when really they just wanted to watch movies on them at home and going to hacker conferences without encrypting the data on their computers.

    Granted, it doesn’t look so great that the group that was running around with computers that didn’t even have anti-virus programs on their computers was the one that “is responsible for ensuring exchanges are following a series of voluntary guidelines…concerning computer audits, security, and capacity” but still, no ladyboyjuice while on the job– that’s huge.

    In a 43-page investigative report that probed the misuse of government resources, SEC Interim Inspector General Jon Rymer discovered that an office within the SEC’s Trading and Markets division spent over $1 million on unnecessary technology. The report also found that the staffers failed to protect their computers and devices from hackers, even as they were urging exchanges and clearing agencies to do just that. Although no breaches occurred, the staffers left sensitive stock exchange data exposed to potential cyber attacks because they failed to encrypt the devices or even install basic virus protection programs…On Friday Reuters reviewed a copy of the full report, which details an even broader array of problems, from misleading the SEC about the office’s need to buy Apple Inc products, to cases in which staffers took iPads and laptops home and used them primarily for pursuits such as personal banking, surfing the Web and downloading music and movies. The report says the staff may have brought the unprotected laptops to a Black Hat convention where hacking experts discuss the latest trends. They also used them to tap into public wireless networks and brought the devices along with them during exchange inspections…The report also found that some people who worked in the office had little or no experience with exchange technical matters.

    SEC staffers used govn’t computers for personal use – report [Reuters]
    Earlier: SEC Supervisor Surfed Tranny Porn To Cope With Stress Of The Job; SEC Official Who Surfed Tranny Porn To Deal With Stress Of The Job– Not Alone!;

    / Nov 12, 2012 at 1:53 PM
  • richardfuld

    News

    Dick Fuld’s Weekend Is Looking Up

    U.S. Securities and Exchange Commission investigators have concluded their probe of possible financial fraud at Lehman Brothers Holdings Inc. and determined that they will probably not recommend any enforcement action against the firm or its former executives, according to an excerpt of an internal agency memo. Under a heading reading “Activity in the Last Four Weeks,” […]

    / May 24, 2012 at 3:56 PM
  • Hedge Funds

    SAC Capital Has No Idea What The Wall Street Journal Is Talking About

    Earlier this morning, the Journal reported that certain trades made by SAC Capital’s CR Intrinsic unit were being “examined” by the Securities and Exchange Commission. Specifically, the regulator was said to be “trying to determine whether SAC used inside information to profit from Johnson & Johnson’s 2009 takeover of Cougar Biotechnology Inc.” It was also […]

    / Oct 20, 2011 at 1:54 PM
  • News

    CFTC To Take A Look-See At Goldman Sachs’ Clearing And Execution Division

    Goldman said that it’s been notified of the probe via “oral advisement,” or the action known as “words exiting a human’s mouth,” to the layman.

    / May 10, 2011 at 3:47 PM
  • News

    Charlie Gasparino: 50 Companies Have Been Subpoenaed By The Feds

    Watch the latest video at video.foxbusiness.com Also, Chaz thinks all of this has gone too far, and just because something “smells bad” doesn’t mean it’s illegal.

    / Dec 13, 2010 at 2:25 PM
  • News

    Justice Department Probing Jeffrey Gundlach’s TWC Breakup

    According to an updated federal filing on Monday, the Justice Department has taken an interest in the split between investment firm TCW Group and its former CIO, Jeffrey Gundlach. While DoubleLine has confirmed that “some employees and former employees have been interviewed by the office of the U.S. attorney in Manhattan” and TCW has confirmed […]

    / Dec 8, 2010 at 12:09 PM
  • News

    Maxine Waters: The Probed Becomes The Prober!

    As you may have heard, Congresswoman Maxine Waters is currently being investigated on charges she arranged stimulus funds for a minority-owned bank in which Mr. Waters owned stock. Max maintains her innocence and wants a public trial to be held “as quickly as possible so she can clear her name.” In the meantime Ms. Waters […]

    / Dec 7, 2010 at 1:11 PM
  • News

    Weidner: Crisis Commission Needs a Swift Kick in the Ass

    Wall Street Journal columnist David Weidner has some choice words for Phil Angelides and the Financial Crisis Inquiry Commission this morning. In short, he thinks the commission is just spinning its wheels, issuing worthless subpoenas and basically sputtering out. Perhaps they should take up Debrahlee’s cause.

    / Jun 10, 2010 at 11:49 AM
  • News

    Justice Department Probes Leaks in Galleon Case

    Looks like Raj Rajaratnam’s complaints about leaks coming out the Justice Department on the Galleon case have not fallen on deaf ears. Raj’s attorney’s announced today that they have been informed by The DOJ’s Office of Professional Responsibility that it has opened an investigation into alleged leaks by the FBI and the U.S. Attorney’s office to the Wall Street Journal and other news outlets.

    / May 25, 2010 at 2:57 PM
  • News

    Bachus to Call for Investigation into Shorebank Rescue

    We knew this was coming. Charlie Gasparino is reporting that Spencer Bachus is ready to call for a Congressional investigation into political pressure on big banks to rescue the failing lender Shorebank Corp.

    / May 19, 2010 at 12:29 PM
  • News

    Morgan Stanley’s Gorman: What Investigation?

    James Gorman, aka “Jimmy G,” is sick and tired of all these reporters suggesting his firm is under some kind of investigation by the Feds. Just because Goldman has been charged by the SEC, doesn’t mean Morgan Stanley, which lost a lot more money than GS during the crisis, also bet against its own shitty CDO deals. All the noise surely points to a conspiracy of short-sellers. We know who you are. Now go back to watching Miss USA pole dancing.

    / May 18, 2010 at 3:23 PM
  • News

    More Subpoenas for Big Banks, This Time from Cuomo

    After filing suit earlier this week against Ivy Asset Management for feeding pension fund money to Bernie Madoff, NY Attorney General Andrew Cuomo is turning his attention back to the big banks, which will obviously score many more political points when he runs for governor in November. The latest probe from Cuomo involves the banks’ […]

    / May 13, 2010 at 2:29 PM
  • News

    Gasparino: Government To Probe All

    Did you think Goldman Sachs and Morgan Stanley were going to be the only ones subjected to cavity searches by the US government? Think again, mon chi-chis! Charlie Gasparino reports that you should all be girding your loins. The government has ramped up its investigation of Wall Street’s sale of toxic securities during the financial […]

    / May 12, 2010 at 3:36 PM
  • News

    Germans Raid Deutsche Bank in Carbon Trading Probe

    Environmentalists thought they had found a “market solution” to controlling carbon emissions. Then energy traders have to go screw it all up. German prosecutors raided Deutsche Bank and RWE, Germany’s second-biggest utility, today in a wide-ranging probe of tax-evasion and generally shading dealing in the European carbon emissions market.

    / Apr 28, 2010 at 3:07 PM
  • News

    One Case You Can Be Sure The SEC Was All Over

    The Securities and Exchange Commission announced that a federal district court in Nevada has entered a final judgment, by consent, against Marlin R. Brinsky of Santa Monica, California, in connection with an enforcement action filed in 2005 concerning a penny stock manipulation and accounting fraud. The final judgment against Brinsky, a certified public accountant, was […]

    / Apr 23, 2010 at 2:20 PM
  • News

    EU Joins Team US Regulators In ‘We Have No Idea What High Frequency Trading Is But We’ll Just Regulate The Hell Out Of It Anyway’ Game

    The EU is hopping on the let’s get after the-high-frequency-trading bandwagon and has started to investigate the practice. Bloomberg reports that the European commission met with industry representatives in Brussels on Jan. 11 and that the talks are part of an information-gathering exercise. In the US, the practice, which accounts for 50% to 60% of […]

    / Jan 19, 2010 at 12:05 PM
  • News

    Things That Could Potentially Be Characterized As Bad

    EnTrust Capital Inc., a hedge fund firm that’s handled New York Attorney General Andrew Cuomo’s personal and campaign money, received state pension funds to invest from a company he has identified as paying possible illegal kickbacks. The investment presents a potential conflict of interest for Cuomo, legal ethics experts said. Cuomo’s Money Manager Received Funds […]

    / Jun 24, 2009 at 10:08 AM

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