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Now that we know New York has an attorney general who makes up the law as he goes along when it comes to the securities industry, where will he draw the line? Today Eric Schneiderman said his office has reached agreements with 18 financial-services firms, most of which are Wall Street banks, to “stop their […]
Ben Lawsky, New York’s top financial watchdog, told a panel of high-profile tech investors on Tuesday that he’s moving full steam ahead with plans to regulate crypto currencies like bitcoin amid concerns that the cyber cash has become the money of choice for criminals. via NY clamping down on bitcoin — New York Post
Thousands of underwater homeowners across New York may see some financial relief from the record-setting $13 billion mortgage- bond settlement Tuesday between JPMorgan Chase and federal and state regulators. More than $1 billion in relief will be heading to the Empire State, according to state Attorney General Eric Schneiderman. via JPMorgan to pay NY $1Bn […]
In 2009, Samantha Bee, one of the cast members on The Daily Show, the satirical US television programme, said that “if I know about a stock’s activity the day before, it’s called insider trading. But if I know about a stock’s activity one second before, it’s called high-frequency trading.” Now, however, Eric Schneiderman, the New […]
New York Attorney General Eric Schneiderman named securities litigator Chad Johnson as chief of the office’s Investor Protection Bureau. The former head, Marc B. Minor, resigned in August. Johnson, a former partner from Bernstein Litowitz Berger & Grossmann LLP, joined the executive division of the Office of the Attorney General in 2012, first as senior […]
NYAG announces $210 million settlement with Ivy Asset Management over advising clients to invest with Madoff.
The Carlyle Group has agreed to pay $20 million and make broad changes in its practices under a settlement reached with the NY Attorney General, Andrew M. Cuomo, as part of Cuomo’s investigation into corruption of the state pension fund. The NYT reports that under the deal, Carlyle executives and the firm will not face […]