Finance
Morgan Stanley has agreed to pay $2 million to settle an investigation by Massachusetts Secretary of the Commonwealth William Galvin into insider sales at First Republic Bank. The investigation focused on the bank's failure to properly monitor trades by First Republic's executive chairman, James Herbert II,
Finance
A federal grand jury in California has indicted short seller Andrew Left on multiple counts of securities fraud, alleging his involvement in a $16 million stock market manipulation scheme. Left, known for his roles as a securities analyst, trader, and guest commentator on networks like CNBC and Fox Business, faces
Business
An employee of MUFG Bank, a unit of Mitsubishi UFJ Financial Group Inc., is under investigation for allegedly leaking tender offer details and other non-public information about client companies to family members, potentially earning several million yen from these trades. This incident has led Japan's Securities and Exchange
Business
Ajax Amsterdam has suspended its CEO, Alex Kroes, over allegations of insider trading, as he is suspected of purchasing over 17,000 shares in the club a week before the public announcement of his appointment. The supervisory board of the club is taking steps to terminate his contract and has
Politics
Texas Attorney General Ken Paxton is slated to appear in court in Houston for a hearing on longstanding felony securities fraud charges. Paxton, who was indicted in 2015, is accused of misleading investors in a technology company, Servergy Inc., by failing to disclose he was receiving compensation for promoting the