Losses & lawsuits
SEC obtains restraining order against Select Asset Management
$52 million fraud misused investor capital, SEC claims
SEC freezes $32.5 million of Swiss entities' assets
Court favours insider-trading suspicions in Arch Chemicals case
Lowrance charged with using investor funds for Ponzi scheme
Jeffrey Lowrance charged with using investor funds in a Ponzi scheme to fund start-up newspaper
Former chair of Taylor, Bean & Whitaker sentenced to 30 years
Lee Farkas, former chair of TBW, has been sentenced to 30 years and ordered to pay back $38.5 million
JP Morgan Securities charged with rigging municipal bonds
JPMS rigged at least 93 municipal bond reinvestment transactions in 31 states, SEC says
UK trio sentenced for phishing scam
Three men have been sentenced to a total of 13 years and six months for their part in a phishing scam that attempted to steal more than £1.3 million
Former Citigroup employee charged with fraud
Former vice-president of Citigroup's treasury finance department charged with bank fraud
RBS faces $100 million lawsuit in US
RBS being sued in the US by Highland Capital for $100 million
Lawyer warns of securities fraud lawsuits over foreclosure crisis
Bank of America faces lawsuit over charges of witholding information on failings, and others could follow
SEC charges corporate lawyer and Wall Street trader with insider dealing
SEC says actions of the two men "make it clear beyond any doubt they were involved in an illegal scheme"
British man charged with operating £10m Ponzi scheme
John Hirst charged with conspiracy to defraud and money laundering. SFO claims he ran Ponzi scheme targeting expats in Mallorca
India's Satyam Computer Services charged with financial fraud
SEC accuses Indian computer company that serves more than a third of the Fortune 500 companies of overstating its income by $1 billion
Wells Fargo agrees $11 million SEC settlement over CDO sales
US SEC claims Wells Fargo Securities, formerly Wachovia Capital Markets, violated securities laws when selling CDOs tied to the ailing housing market
Deutsche Bank to appeal tribunal ruling on bankers' bonuses
HMRC tax tribunal finds Cayman Islands scheme set up by Deutsche was "purely for tax-avoidance purposes"
Proprietary code thieves sentenced in US
Former Société Générale trader Samarth Agrawal and former Goldman Sachs programmer Sergei Aleynikov have been sentenced
$10 million identity fraud ring smashed by US authorities
Schemes involved staff from 11 high-profile US banks
SFO under pressure over Kaupthing investigation
Two arrested amid investigation into Kaupthing collapse say raids were a publicity stunt
FSA denies CDO insider-trading crackdown
Regulator says investigations into certain market groups do not represent a CDO insider-trading initiative
UK FSA hits FX broker with £85,750 fine
Regulator says ActivTrades failed to properly segregate clients' funds from its own
UBS faces investigations over Libor manipulation
Has received subpoenas from several international authorities
SEC charges hedge fund managers with abusing client assets
New York SEC director says two managers “violated the most fundamental duties of an investment adviser"
Former Dresdner Banker given record jail sentence for insider dealing
EX-Dresdner Banker gets record jail sentence
FSA fines pension-switching services £143,500 over bad advice
Customers were told to switch pensions regardless of situation or requirements, says regulator