"Possible cover-up" in SEC Pequot case: lawmaker
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Two senior U.S. lawmakers on Tuesday questioned the handling by market regulators of an insider trading probe involving hedge fund Pequot Capital and John Mack, CEO of Wall Street giant Morgan Stanley .
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The Democratic chairman of a House watchdog committee said Monday that Blackwater USA violated tax laws and may have defrauded the government of millions of dollars, a charge the embattled security firm said is groundless
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Congress is poised to pass a bill that could bury dozens of lawsuits over the Bush administration's warrantless spying, hiding them behind the closed doors of an intelligence court in Washington D.C. By Ryan Singel.
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By AP Wire Services  SAN JOSE, Calif.  -- Congress and federal investigators on Monday entered the fray surrounding Hewlett-Packard Co.'s possibly illegal probe of media leaks, as the company's board met to discuss the fate of its embattled chairwoman.    With the FBI, the U.S.
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The chairman of a congressional oversight committee has charged that Blackwater Security Consulting, a major government contractor in Iraq, may have violated federal law by not paying taxes and could owe millions of dollars.
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Two S.E.C. officials have now expressed serious concerns about how the agency is conducting its inquiry into a prominent hedge fund, Pequot Capital Management.
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The mixed business success of Joseph L. Bruno, the New York State Senate majority leader, may have implications for an investigation into his financial dealings.
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The Securities and Exchange Commission has looked into whether lobbyists provided hedge funds with potentially market-moving information about a pending congressional speech.
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Revelations of bid-rigging within the insurance industry may lead Congress to a "Pandora's box" of unethical conduct, a top investigator told Congress on Tuesday, just before two more executives pleaded guilty.
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Â· Present and former star players implicatedÂ· Congress may launch new investigation
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The U.S. Securities and Exchange Commission is investigating Dow Jones & Co. Inc.  board member David Li over an insider trading case linked to News Corp.'s  bid for the Wall Street Journal publisher, Dow Jones reported on Wednesday.
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Government officials called the immunity a potentially serious investigative misstep that could complicate efforts to prosecute the companyâs employees.
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The S.E.C. on Tuesday defended its investigation of Pequot Capital Management, saying it was professional, thorough and untainted by outside political influence.
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French bank Societe Generale described Sunday how one of its traders allegedly carried out a $7.2 billion (&#8364;4.9 billion) fraud, how the loss came to light and what it is doing to ensure such a case does not recur.
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The chairman of a House Armed Services subcommittee yesterday announced that he plans to hold hearings into allegations that the Navy sidestepped procurement rules while purchasing hundreds of floating boat barriers and underwater sensors to protect U.S. ships from attack.
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(InfoWorld) - U.S. legislators signalled Thursday that they will hold Hewlett-Packard's feet to the fire during House testimony on the company'sÂ pretexting scandal, while former General Counsel Ann Baskins formally declined to answer any questions by invoking her Fifth Amendment right to avoid self-incrimination. BaskinsÂ resigned her positionÂ Thursday, effective immediately. Subsequent witnesses including outside investigator Ronald DeLia, of the investigation firm Security Outsourcing Solutions, were also refusing to testify at press time based on their Fifth Amendment rights. HP's use of detectives whoÂ obtained people's telephone recordsÂ under false pretenses while investigating press leaks from its board will be in the spotlight. The matter caught the attention of the Oversight and Investigations subcommittee of the U.S. House Committee on Energy and Commerce, some of whose members have been activelyÂ promoting legislationÂ that would explicitly criminalize tactics such as those used in the HP investigation. The actions taken by HP were "not the act of one rogue employee," said Representative Jay Inslee of Washington state, indicating that at least some of the politicians might not accept the characterization of the events at HP that its chief is set to offer before the subcommittee. In a written version of his testimony made available earlier, President and Chief Executive Officer Mark Hurd called the scandal the result of aÂ "rogue investigation." Inslee and Representative Marsha Blackburn of Tennessee have co-authored legislation that would prohibit the obtaining of customer information from telecommunications carriers by false pretenses, and the sale or disclosure of such records obtained by false pretenses. In her opening remarks Blackburn, a Republican, called pretexting a purposeful effort to deceive and defraud in order to get information one is not entitled to have. "How prevalent is it in the corporate boardroom?" she asked. Criminalization of pretexting needs to extend to all forms of telecommunications, said Representative Tammy Baldwin, Democrat of Wisconsin, adding that legislation must address records ranging from conventional telecom through mobile and Internet telephony. She called for a "comprehensive legislative approach" to cover all sectors where pretexting could occur.
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Senator Jim Webb asked federal authorities on Wednesday to look into "national security implications" he said are posed by Chinese government involvement with Blackstone Group LP as it moves toward a stock offering expected to raise more than $4 billion.