Monday, 28 July 2014
Last updated 4 hours ago
Apr 27 2012 | 3:54am ET
President Barack Obama's reelection campaign isn't the only one that's decided to turn down donations from an accused Ponzi schemer.
Sen. Sheldon Whitehouse (D-R.I.) who, like Obama, is seeking reelection in November, received $2,000 from Shervin Neman. The Securities and Exchange Commission earlier this month accused Neman of running a $7.5 million hedge fund fraud victimizing southern California's Persian Jewish community.
Whitehouse's campaign will donate Neman's $2,000 to charity. Obama's campaign said it would put the $35,800 it received from Neman into an escrow account until it could be returned to Neman Financial's investors.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…