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Short seller Carson Block's firm sued Google seeking to learn the names of people who used fake identities trying to gain access to confidential research, including someone who posed as a Wall Street Journal reporter. Muddy Waters Capital said the attempts to gain information began after it published a series of research reports regarding the French supermarket operator Casino Guichard-Perrachon SA between December 2015 and March 2016, according to a lawsuit filed in New York state court on Wednesday. Muddy Waters said these people communicated through Gmail, and it wants Google to disclose their names, addresses and contact information. Muddy Waters began its campaign in 2015 and has said Casino is using financial engineering to mask a deterioration of its core retail business and that owner Rallye SA has too much debt - allegations that Casino has dismissed. Casino's shares have suffered amid the attack. Standard & Poor's cut Casino's debt rating last yea...

When Caleb Chao started working on Nomura Holdings Inc's mortgage-bond desk after graduating from college, he got an education very different from the one offered at Cornell University. Testifying at the trial of three former Nomura traders, Mr Chao said on Monday he was soon taught how to mislead customers about prices and other details in order to get larger commissions. "The purpose was to sort of make a client feel like we were working for them, but in reality we were making more money," Mr Chao told jurors in federal court in Hartford, Connecticut. "I just graduated from college and I had no other prior experience. I was relying on how my bosses told me how the market operated." Mr Chao, who worked for Nomura from 2010 to 2014, is the second former trader at the Japanese firm to take the stand for prosecutors in the trial of three ex-colleagues accused of lying to their clients. Ross Shapiro, Michael Gramins and Tyler Peters deny wrongdoing...

A former Nomura Holdings Inc bond trader said he was trained to lie to customers shortly after coming to the company in order to boost the firm's commissions. Frank DiNucci Jr said the tactics he learned included lying about where Nomura had bought or sold bonds and misrepresenting the price it had paid. DiNucci was the first witness Monday at the trial of three former Nomura colleagues, Ross Shapiro, Michael Gramins and Tyler Peters, who are accused of lying to customers about the prices of mortgage-backed securities. DiNucci told jurors in a federal courtroom in Connecticut that he learned most of the deceptive practices from Shapiro and Gramins. DiNucci said he understood that lying and deception was wrong but didn't "put two and two together" when employing the questionable tactics. "It was just commonplace on the desk," he said. "I didn't think about the reality of it when I was actually doing it." DiNucci, who worked at N...

The United States Securities and Exchange Commission (SEC) has frozen the assets of certain unknown customers of Singapore broker-dealer Maybank Kim Eng Securities on suspicions of insider trading.

The US dollar soared against high-yielding currencies and Asian emerging markets sank on Friday (Nov 11) on the prospect of higher US interest rates, with dealers betting Donald Trump's planned huge spending policies will fire inflation.

After US multi-level marketing company Herbalife settled a probe of its sales practices with the US Federal Trade Commission last month, top executives assured investors that the company would be able to thrive under the new rules.

When a team of hackers discovered that St Jude Medical Inc's pacemakers and defibrillators had security vulnerabilities that could put lives at risk, they didn't warn St Jude. Instead, the hackers, who work for cybersecurity startup MedSec, e-mailed Carson Block, who runs the Muddy Waters Capital LLC investment firm, in May. They had a money-making proposal.

U.S. hedge fund Platinum Partners is returning the majority of its assets to clients following the arrest of a long-time associate on allegations he orchestrated a US$60,000 cash bribe to secure an investment from a New York city union.

Stealing a trick from Google Inc, the biggest social network operator, Facebook Inc, disclosed a plan Wednesday to create a new class of shares to go along with its existing two. When enacted, the action will amount to a 3-for-1 split that will send about 5.7 billion new Facebook shares into the world, stripped of voting rights.

Activist investing isn't a thing in China. It's culturally frowned upon to be that confrontational. Mr Liang Jian, a journalist-turned-hedge-fund manager, is on a mission to change that.

The Donald has used bankruptcy protection to its full advantage MarketWatch

Confronted with a plunge in its stock markets last year, China's central bank swiftly reached out to the US Federal Reserve, asking it to share its play book for dealing with Wall Street's "Black Monday" crash of 1987.

Chinese securities regulators are preparing some of the world’s strictest regulations on a trading practice at the heart of the global debate over high-speed computerised markets.

A pattern that accompanied the start of the last two bear markets is showing up in US stocks.

SFC Pursues Actions Against Moody’s, Citron WSJ

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Investors are rethinking their exposure to emerging markets, focusing on countries likely to weather lean times with manufacturing exports to the United States while avoiding those that have thrived on sending commodities to a now slowing China. Reuters

US judge’s move to sanction lawyers for their ‘reckless and frivolous’ claims against Pacific Bepure eases concern over securities litigation

Exchanges, brokerages and traders are sued by city of Providence

The US stock market is rigged in favour of high-speed electronic trading firms, which use their advantages to extract billions from investors, according to Michael Lewis, author of a new book on the topic, “Flash Boys: A Wall Street Revolt.” High-frequency trading (HFT) is a practice carried out by many banks and proprietary trading firms using sophisticated computer programs to send gobs of orders into the market, executing a small portion of them when opportunities arise to capitalize on price imbalances, or to make markets. HFT makes up more than half of all US trading volume. CNN Link