SEC Sues Woodbridge Ex-CEO Shapiro Over Alleged Ponzi Scheme
The Securities and Exchange Commission has sued Robert Shapiro, accusing the former chief executive of Woodbridge Group of operating a Ponzi scheme that raised more than $1 billion from individual investors for the now-bankrupt real estate operation.
Cryptocurrency Founder Tries a New Play: Sell It All
The creator of litecoin, one of the major cryptocurrencies that competes with bitcoin, said he sold his stake, a major about-face in a world often characterized by true believers and tech evangelists.
Fannie, Freddie Modify Repayment Agreements With U.S.
Mortgage-giants Fannie Mae and Freddie Mac will retain some of their quarterly earnings as part of an agreement between the Trump administration and their regulator to allow them to build a small capital buffer against future operating losses.
The Internal Divide Behind Trump's CFPB Takeover
Before the White House installed a chief who wants to dismantle the Consumer Financial Protection Bureau, the Treasury secretary and some finance companies sought a leader who would let the agency keep some teeth.
JPMorgan Rebuked by Swiss Regulator Over Dealings With 1MDB
Switzerland's financial regulator said JPMorgan's Swiss unit had "seriously breached" anti-money-laundering regulations related to its dealings with Malaysian state investment fund 1MDB.
Voya Financial to Exit Individual Annuities Business
Voya Financial is selling parts of its annuities businesses to a group of investors led by Apollo Global Management and its affiliates, Crestview Partners and Reverence Capital Partners.
MetLife Hires Firms to Locate Workers Owed Pensions
MetLife hired a law firm to investigate how its retirement business failed to aggressively search for possibly tens of thousands of people owed pension benefits and is planning to hire a specialty firm to help locate the missing people.
Timing Is Vital as Companies Set Bonuses, Spending Before New Tax Law
The timing of AT&T Inc.'s pledge this week to give $1,000 bonuses to more than 200,000 workers once President Donald Trump signs the tax overhaul may have saved it $28 million.
Hundreds of People Made Gifts of Stock With Great Timing
Michael Milken is numbered among investors who gave shares to charity near peak prices or before drops, which could have boosted their tax deductions; a Milken lawyer says the former junk-bond financier had no inside knowledge of the companies.
Investors: 3 Things That Can Go Wrong in 2018
Investors who spend their holidays looking back at what's happened this year will be wallowing in happy nostalgia. But investing is about the future, not the past, so break away from the complacency-inducing returns of 2017 and think about what could go wrong.
(END) Dow Jones Newswires
December 22, 2017 00:15 ET (05:15 GMT)