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Two hedge funds affiliated with SAC Capital Advisors have agreed to the settlements. They did not admit any wrongdoing.
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Filings with the Securities and Exchange Commission show if William Johnson is fired when the new owners take over, he'll walk away with a golden parachute worth $56 million. When you tack on stock payouts and deferred compensation benefits, he could get more than $200 million.
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President Obama's choice to head the Securities and Exchange Commission has prosecuted terrorists and mobsters. If she's confirmed, Mary Jo White's next challenge will be tackling reckless behavior on Wall Street. The success of this get-tough push will depend on changing the SEC's culture, analysts say.
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White, who prosecuted terrorists during her time as U.S. attorney for the Southern District of New York, would succeed Mary Schapiro, who stepped down in December. The president is also planning to renominate Richard Cordray to lead the Consumer Financial Protection Bureau.
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Securities and Exchange Commission Chairman Mary Schapiro will step down on Dec. 14. President Obama has designated SEC Commissioner Elisse Walter to be her successor.
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Hewlett-Packard wiped that huge amount of money off its books last quarter, it says, because of problems with the finances of a British software company it bought last year.
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Eleven people were killed and one of the largest environmental disasters in history happened after an oil rig in the Gulf of Mexico exploded in 2010.
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The hoopla continues over Facebook's initial public offering of stock, which is set for Friday.
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Days after the nation's biggest bank reported at least $2 billion in trading losses, some shareholders urged JPMorgan Chase to back rules limiting risky trading. Chairman and CEO Jamie Dimon said the bank had learned its lessons and was taking steps to prevent more problems.
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A Justice probe would be in addition to another investigation by the Securities and Exchange Commission. Meanwhile, CEO Jamie Dimon survived a challenge at the company's annual meeting.