State of NJ Settles Securities Fraud Charges

Well, here is something I have never seen. The State of New Jersey has settled securities fraud charges brought against it by the SEC. But there is a reason why I have never seen it; it has never happened before. According to the NJ Star Ledger, the State was accused of securities fraud for failing to tell bond investors it was underfunding its pension funds. The charges were settled immediately, without fines or penalties. Nice outcome for a securities fraud case. More...

SEC Looking Into Insider Trading in BP Shares

Reuters is reporting that the SEC is investigatingwhether people may have illegally profited from trading on nonpublic information at BP Plc (BP.L) (BP.N) in the weeks and months following the disastrous Gulf of Mexico oil spill.  More>>>