Economy | ANALYSIS
Households to take hit from tax hike
by Tomoko Otake
The consumption tax increase will hit every household in Japan hard, with many people’s financial future hanging on whether their wages rise enough to offset the hike's impact.
Crime & Legal Sep 28, 2013
MRI viewed as Ponzi scheme by FBI in 2009
The FBI probed MRI International Inc. in 2009 on suspicion that it was running a Ponzi scheme, according to a source who cooperated with the investigation. The revelation comes after the U.S. Securities and Exchange Commission won permission to freeze the assets of MRI ...
Business Aug 4, 2013
To win 'Fab' case, SEC learned from its mistakes
At the trial of a Citigroup executive a year ago, Matthew Martens attended as a spectator and watched the defense win jurors over with the “Where’s Waldo” argument. The jury cleared Brian Stoker of the fraud charges leveled against him by the Securities and ...
Crime & Legal Jun 17, 2013
Securities watchdog seeks SEC's help in probing alleged fraud at MRI
Japan's financial watchdog asks the SEC for help prosecuting a U.S.-based asset manager suspected of swindling investors out of billions of yen.
Financial Markets Jun 13, 2013
SEC fines Chicago exchange for regulatory lapses
Federal regulators Tuesday fined the Chicago Board Options Exchange $6 million, saying its staff interfered with its three-year investigation of short selling at a member firm in an unprecedented breakdown of trading supervision. The settlement, which calls for immediate remedial actions, is the first ...