Fortress Investment Group today closed a pair of funds with a final total of $5 billion in third-party commitments.
Leon Black could hold a stake worth $3 billion once the private equity firm sells part of itself to investors, the New York Post reported.
FSC Securities of Atlanta was taken to task in a recent NASD arbitration panel decision.
Democratic presidential candidate John Edwards wants to raise the capital gains tax from 15% to 28%.
SEC chairman Christopher L. Cox delivered Congress a "white paper" calling for upgrades to accounting and disclosure in the municipal securities market.
Amaranth Advisors LLC and a pair of its traders face $291 million in penalties for price manipulation, the Federal Energy Regulatory Commission said today.
The SEC approved a new accounting standard that would lower costs on Sarbanes-Oxley compliance.
Bear Stearns Broker-Dealer Services has expanded its sales and account officer teams with four new hires.
The first bipartisan House version of the National Insurance Act of 2007 was reintroduced today.
Former hedge fund trader Mark Lenowitz pleaded guilty to profiting from inside tips allegedly leaked by a former UBS executive.
