Gubernatorial Candidate Bill White Says Texas Investments Politically Connected, TRS Denies

Bill White, the Democrat challenging Gov. Rick Perry, has accused the governor and his appointees of pressuring the staff of the Teacher Retirement System (TRS) to pick investment companies benefiting Perry contributors, yet an external investigative party has stated there are no improprieties with respect to how the investment decisions at TRS were made. 

Two Former State Street Execs Battle SEC Charges

The regulator is charging two former top State Street Corp. executives of misleading investors in a bond fund at the center of a $313 million settlement between parent State Street and the SEC earlier this year.

US Chamber, Business Roundtable Sue SEC Over Board Nominations

The country's biggest business lobby and another business group are challenging the Securities and Exchange Commission's new rules that make it easier for shareholders to nominate directors of public companies and to oust sitting directors.

SEC Delves Into High-Frequency Trading Restrictions

In a speech that comes just before the SEC's report on the "flash crash," the regulator's chairman provided an early indication of how her agency wants to construct a more scrutinized derivatives market.