Alan Katz

Alternative mutual funds will be examined by the SEC to assess whether managers are complying with leverage and liquidity rules.

A Morgan Stanley broker and the managing clerk at the law firm Simpson Thacher & Bartlett LLP were arrested today for an insider-trading scheme that authorities said netted $5.6 million in illicit profit.

A U.S. Senate committee report will reprimand Credit Suisse Group for helping American clients dodge taxes and will criticize the Justice Department for not pursuing offshore banks aggressively enough, according to two people with knowledge of the findings.