Hot Issues

The Financial Conduct Authority in the UK has outlined its plans to investigate several potential market abuses, which include circumstances leading to the benchmark rate-rigging conspiracy between traders, Bloomberg said.

"Flash Boys" author Michael Lewis blasted professional traders in a "60 Minutes" interview, claiming that the lot uses high-speed, complicated tactics designed to dupe investors and are too slick to be deemed illegal by law.

Judge Cheryle Gering of South Dakota said that most of Beef Products Inc's defamation lawsuit against ABC News over its "pink slime" beef report had been rejected, but will allow the remainder of the case to move forward.