The 39-year-old Mathew Martoma is embroiled in what prosecutors have called the most lucrative insider trading episode in U.S. history. Martoma, who worked in SAC Capital Advisors' CR Intrinsic Investors division, is accused of using confidential information to trade stocks of the drug's developers, Elan Corp Plc and Wyeth, currently owned by Pfizer Inc.
Lloyds Banking Group Plc has joined some of the major banks who have suspended, fired or laid off its currency traders as the UK Financial Conduct Authority started its investigation on claims that foreign exchange currency manipulation had taken place.
Credit Suisse Group AG the Abu Dhabi Investment Council's arbitration steps to recoup a total of $35 million in funds it loaned to Golomt Bank LLC showed a glimpse of the latter's dubious dealings, which partly repelled foreign investors from making further investments in mineral-rich Mongolia.
A lobbyist group executive said US lawmakers need to debate whether a quick amendment of the existing federal toxic substances law was a solution to avoid accidents like the recent chemical spill at a Charleston, West Virginia water source, which led to the contamination of the water supply of around 300,000 people.
