Morgan Stanley (MS.N) has agreed to pay $95 million to resolve a lawsuit accusing the Wall Street bank of misleading investors in mortgage-backed securities in the run up to the 2008 financial crisis. The settlement, disclosed in court papers filed Monday in New York federal court, follows years of litigation […]

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Fiscal Responsibility Commission (FRC) on Monday accused Nigeria’s Capital Market regulator, the Securities and Exchange Commission (SEC) over non-remittance of N21.85 billion of its operating surpluses to the consolidated revenue fund. With this action, the FRC says SEC has flouted the FRC Act, 2007 […]

Mathew Martoma, a former portfolio manager at billionaire Steven A. Cohen’s SAC Capital Advisors LP hedge fund, was sentenced on Monday to nine years in prison for engaging in what authorities called the most lucrative insider trading scheme in U.S. history. U.S. District Judge Paul Gardephe in New York also […]