Bernard Madoff’s 90-foot yacht (”Bull”) has been released by administrators to be put up for sale. Luxury yacht broker Wyles Hardy has been assigned to sell the yacht, but has reportedly been told “to keep it low-key and sell it by private treaty,” the Telegraph reports. The yacht was built in 2007, has [...]
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It remains unclear what the SEC and CFTC will end up doing to coordinate their regulatory efforts now that both appear safe from being abolished, but one thing is now clear: whatever they do will be “harmonious.”
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Hong Kong’s Securities and Futures Commission has charged U.S.-based hedge fund Tiger Asia Management LLC with insider dealing and market manipulation.
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Judge Paul Crotty of the U.S. District Court for the SDNY granted preliminary approval for Bristol-Myers Squibb Co.’s settlement in the securities class action accusing it of hiding information related to a case involving its anti-blood clotting medication Plavix, Reuters reports. Under the settlement, BMS will pay to pay $125 million. Judge [...]
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