probe

FBI Makes First Arrest in SEC Insider Trading Probe

On Wednesday, the FBI arrested Don Chu, an expert on Asian markets for Primary Global Research, setting the tone for the SEC's crackdown on insider trading. Chu was charged with conspiracy to commit securities fraud and conspiracy to commit wire fraud.

Wellington, Janus Eyed for Possible Insider Trading

Wellington Management has received a document request from federal regulators looking into possible insider trading on the part of money managers with the firm, Bloomberg News reported, citing a person familiar with the process. Janus Capital Group also received such a request.

Green Mountain Tumbles After Accounting Error Is Revealed

Shares of Green Mountain Coffee Roasters plummeted 17.4% in morning trading Wednesday after the company announced that it had discovered $4.4 million worth of accounting errors dating back to 2007, and that the SEC had started a probe.

Feds Probe Honda Fit Over Reports of Failing Headlights

U.S. officials have begun an investigation into 133,000 Honda Fit models in response to consumer complaints about headlights that stopped working. The National Highway Traffic Safety Administration's preliminary investigation involves Fits from the 2007 and 2008 model years.

Germans Raid Credit Suisse in Tax Evasion Probe

German prosecutors raided all 13 Credit Suisse branches in the country on Wednesday as part of a probe into tax fraud. Earlier this year, German authorities acquired information on some 1,500 Credit Suisse customers who may have been using the Swiss accounts to avoid paying taxes.