Bear Stearns has selected Thomas Marano, head of its mortgage unit, to help save one of its troubled hedge funds, published reports said.
UBS has been accused of "dishonest and unethical" practices in dealings with hedge fund advisers.
Limiting deductions for state and local taxes could pay for reforming the alternative minimum tax.
Hedge fund management company Simpson Capital, its owner and head trader have been sued by the SEC.
Cantor Fitzgerald of New York is entering the alternative asset management arena.
The screenwriting team behind "Ocean's 13" have signed on to pen a new HBO series that the producers of "Entourage" are developing about a group of hedge fund managers, according to Crain's Television Week.
Woodbury Financial Services, a top twenty independent-contractor broker-dealer, has promoted Walter White to president of the firm.
The U.S. Supreme Court has agreed to hear a dispute on whether a tax code allows trusts to claim a full deduction for investment management fees.
The EEOC has sued Merrill Lynch on behalf of an Iranian national who alleges that the bank discriminated against him.
GLG Partners of London has agreed to pay more than $3.2 million to settle charges of illegal short-selling.
