Fraud, Financial Fraud | featured news

More than 260 firms warned the SEC in a letter that plans to pay bounties will undermine internal compliance programs and turn financial fraud into a "gold mine" for employees.

New rules would oblige financial services firms to record relevant employee communications made on their work cell phones.

Investors need to keep tabs on brokers and money managers.

Marc S. Dreier, a prominent New York lawyer, was sentenced on Monday in an elaborate scheme in which investors lost more than $400 million.

Arch swindler Bernard Madoff will not appeal the 150-year prison sentence he received for masterminding a global multibillion-dollar investment fraud, his main lawyer said on Thursday.

A federal judge on Tuesday ordered Texas financier Allen Stanford, accused of a $7 billion fraud, held without bail until trial.