The Chartered Institute of Stockbrokers says it has severely punished one of its members, found guilty of infamous conduct last year. The institute said in a statement that its Disciplinary Tribunal had found Mr. Akinwale Olagundoye guilty of infamous conduct on March 28, 2013, but could not take punitive action […]

Credit Suisse AG representatives appeared in a Virginia federal court to plead guilty on behalf of the Swiss firm to helping Americans cheat on their taxes, making it the first bank in more than a decade to admit to a crime in the U.S. The prosecution marks a tougher stance […]

Michael Steinberg, a portfolio manager at Steven A. Cohen’s SAC Capital Advisors hedge fund, was sentenced on Friday to 3-1/2 years in prison for insider trading. The sentence was imposed by U.S. District Judge Richard Sullivan in Manhattan, five months after a federal jury convicted Steinberg on securities fraud and […]