Hedge funds were caught on the wrong side of a sharp two-day swing in the stock market, rushing to protect against losses on Thursday only to unwind those positions a day later as prices snapped back.
Influencers alleging
Wall Street’s risk machine didn’t break this week — Friday’s
Two traders and their firm fraudulently solicited around $1 million from approximately 33 individuals to participate in a commodity pool to trade futures contracts, the Commodity Futures Trading Commission said.
A handful of former
Blue Ridge Bankshares Inc.‘s $2.5 million settlement earned a federal court’s final approval to resolve investor allegations tied to its loan accounting.
An SEC advisory body is eyeing how the agency could compel companies to disclose details on their use of artificial intelligence.
Looser regulation for US banks is expected to unlock some $2.6 trillion in lending capacity for large financial institutions, according to
FirstEnergy Corp. will be able to keep documents related to two internal corruption investigations from investors who are suing the utility, after the full Sixth Circuit declined to hear the dispute Friday.
New York Teamsters pension fund trustees and advisers defeated an appeal by a proposed class of retirees who say the fund wrongly invested too much money in private equity and other risky assets.
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