LosAngelesTimes 
One day in 2013, when the price of bitcoin had crashed to $600 from $1,200 in a matter of hours, I wrote that this showed that the virtual currency was a dumb investment. Three months ago, when the price hit $5,000, I again called it a dumb investment. So what about now, with bitcoin trading at…
WASHINGTON — The nation’s top financial markets regulator has revealed that its computer system was hacked last year and that private information might have been used to make “illicit gains” through stock trades. Jay Clayton, chairman of the Securities and Exchange Commission, said in a statement posted on the agency’s website Wednesday night that officials learned…
Two New York men have been accused by the Securities and Exchange Commission of defrauding investors out of millions of dollars in what the agency described as a “Hamilton” ticket-resale Ponzi scheme. The SEC said Friday that Joseph Meli, 42, and Matthew Harriton, 52, convinced at least 125 investors in 13 states to contribute a total…
The jaw-dropping speed at which certain stocks have moved in response to Donald Trump’s tweets about corporate America makes it seem as if Wall Street already was waiting for the president-elect’s words. It was. Some sophisticated traders with automated programs are using computer algorithms that instantly capture Trump’s Twitter remarks and then immediately buy or sell…
Despite a settlement announced Thursday, Wells Fargo isn’t done fighting allegations that its aggressive sales culture pushed employees to create accounts that customers never authorized. The San Francisco banking giant still faces lawsuits from customers who say they were harmed by the bank’s practices, and from former employees who claim they were fired or forced to…
