Ole Miss rallies past rival Alabama

More Sports / Football Sep 20, 2015

Ole Miss rallies past rival Alabama

With a desperation fling, Chad Kelly and No. 15 Mississippi ended a quarter century of futility at Bryant-Denny Stadium. Kelly completed a deflected 66-yard touchdown pass and added two more long ones in the fourth quarter and the Rebels held on to beat No. 2 ...

Business Nov 21, 2014

SEC halts trading in four firms tied to Ebola cure scams

U.S. regulators on Thursday suspended trading in four small over-the-counter stocks of companies that they said have been touting the development of products to prevent or treat the Ebola virus, and warned investors to beware of similar scams. The Securities and Exchange Commission said it ...

Dallas tycoon Wyly files for bankruptcy protection

World / Crime & Legal Oct 22, 2014

Dallas tycoon Wyly files for bankruptcy protection

Prominent Dallas businessman Samuel Wyly has filed for bankruptcy protection as he and the estate of his brother face up to $400 million in penalties after being found liable for hiding stock holdings overseas. Wyly filed a bankruptcy petition in federal district court in Dallas ...

Business / Corporate Feb 3, 2014

SEC suspects MRI boss of violating asset freeze

The U.S. Securities and Exchange Commission has alleged that Edwin Fujinaga, owner of Las Vegas-based MRI International Inc., has moved personal assets out of the United States in violation of a court-ordered asset freeze. In a recent memorandum to the U.S. District Court of Nevada, ...

National / 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 and ...

To win 'Fab' case, SEC learned from its mistakes

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 Exchange ...

Business / 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 ever ...