Lumping all speed traders together as predators and saying they rig the stock market exaggerates the hazards faced by investors, says former SEC Chairman Arthur Levitt.
Mark Zuckerberg is following the well worn path of other Silicon Valley technology moguls who took on the symbolic annual salary of $1 after they were already wealthy.
Billionaire William Koch’s $12 million damages award in a lawsuit accusing a fellow wine collector of selling counterfeit Bordeaux was reduced by a U.S. judge to a little less than $1 million.
The U.S. stock market is a rigged game where high-frequency traders with advanced computers make tens of billions of dollars by jumping in front of investors, according to author Michael Lewis.
Noisy investors such as Carl Icahn, Bill Ackman and Nelson Peltz generated a 48 percent average gain for shareholders of the companies they’ve preyed on in the last five years.
The ability of insurers to choose the most favorable of 50 state watchdogs has caught the attention of U.S officials, who say the oversight system needs more consistency.
JPMorgan Chase & Co. is seeking to become one of the world’s three biggest stock brokers, lifting a division that has fallen behind capital markets, equity derivatives and investment banking.
