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BlackRock’s Star Said Falling To Earth

Star Lights

BlackRock’s Mark Lyttleton, who was picking winning stocks as an 8-year-old, became a U.K. poster boy for retail clients seeking hedge-fund style investments after posting positive returns in 2008 when markets crashed. Money poured in.



SEC Building

Citigroup settles for compliance and surveillance failures

The Securities and Exchange Commission has announced that Citigroup Global Markets has agreed to settle charges that it failed to enforce policies and procedures to prevent and detect securities transactions that could involve the misuse of material, non-public information.

Pointing The Finger

Goldman to face Abacus lawsuit

Goldman Sachs will have to defend in court against an investment insurer’s claims that it lied about billionaire John Paulson’s position in a security known as Abacus.