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SEC Seen Waiting for Prosecutors Before Pursuing SAC

If the past is any guide, the U.S. Securities and Exchange Commission will probably hold off on its threat to sue SAC Capital Advisors LP until prosecutors determine whether they can build a criminal insider-trading case against the hedge fund’s founder, Steven A. Cohen.

UBS Reported To Be Near Deal On Rate Rigging

UBS Fractured

UBS is close to reaching settlements with American and British authorities over the manipulation of interest rates, the latest case in a multiyear investigation that has rattled the financial industry and spurred a public outcry for broad reform.

Ex-Banker to Pays $5.1m for Burger King Whopper

SEC Logo

The Securities and Exchange Commission has announced insider trading charges against a Brazilian ex-banker for his role in a scheme to illegally trade Burger King securities. The SEC previously charged a Brazilian citizen working in the Miami office of Wells Fargo with tipping him the inside information.