The private equity fund run by Lewis Ranieri, the "godfather of mortgage finance," agreed to pay $375,000 to settle SEC charges that it used an unregistered broker to raise more than $500 million.
According to the SEC, Ranieri Partners raised that capital with the help of William M. Stephens, a former chief investment officer with public and private pension funds who had not been registered as a licensed broker since 2002. Stephens MOREMaureen Farrell - Mar 11, 2013 2:19 PM ET
Seven years ago, activist investor Carl Icahn spelled out a blueprint for breaking up media conglomerate Time Warner (TWX) into four separate entities.
With this week's decision by CNNMoney's parent company to spin off Time Inc., Icahn's prediction is finally coming true. But he won't be able capitalize on it. By late 2008, Icahn had completely sold his stake.
In 2006, Icahn pushed for Time Warner to essentially split itself into MOREMaureen Farrell - Mar 8, 2013 2:09 PM ET
It's a tough week to be a retailer in search of customers. First, the shares of J.C. Penney (JCP) cratered after the Ron Johnson-led retailer reported abysmal fourth-quarter numbers Wednesday night.
Next up: Sears (SHLD). The iconic retailer can't turn a profit or get customers excited about its merchandise or Kmart's. After reporting yet another quarter of steep losses early Thursday, Sears' stock dropped nearly 5%.
Releasing results so close to JCPenney at least makes MOREMaureen Farrell - Feb 28, 2013 3:15 PM ET
Get used to lower returns on stocks and bonds, Pimco's founder and co-chief investment officer Bill Gross told investors in his monthly letter.
Gross, who oversees Pimco's Total Return Fund (PTTRX), said that investors are entering a period of what he calls "rational temperance." By that Gross means that investors should expect gains from stocks, and corporate and high-yield bonds to be more muted.
Corporate credit and high yield bonds are somewhat MOREMaureen Farrell - Feb 27, 2013 11:54 AM ET
Chesapeake Energy (CHK) announced a deal Monday to sell half of its oil and gas assets in northern Oklahoma to Sinopec, one of China's largest oil producers, for $1 billion.
Chesapeake's shares dropped nearly 5% as investors worried that the embattled Oklahoma City gas company sold the assets at a discount.
"There's been a concern that Chesapeake's weakened financial position would make them do deals at low prices," said Phil Weiss, an analyst MOREMaureen Farrell - Feb 25, 2013 11:39 AM ET
"Give up the chairman role Jamie Dimon." That's what a coalition of investors in four major pension funds told JPMorgan Chase's (JPM) board Wednesday. Dimon has served as the bank's CEO and chairman since late 2006.
The coalition, which includes the Connecticut Retirement Plans and Trust Funds as well as the New York City Pension Funds, called on the bank to name an independent board chairman. Shareholders will vote on this plan MOREMaureen Farrell - Feb 20, 2013 4:51 PM ET
Apple (AAPL) and the broader stock market are once again at odds. When the S&P 500 (SPX) and Dow Jones Industrial Average (INDU) have ticked up, Apple tends to move lower. As many traders have pointed out, Apple has been trading inversely to the market and its rival Google (GOOG), the maker of the Android operating system.
On Tuesday, Apple's stock dipped roughly 0.4%, while the S&P and Dow moved closer MOREMaureen Farrell - Feb 19, 2013 2:03 PM ET
The idea of a driving an electric car has always intrigued me, but after reading a New York Times review of the Tesla (TSLA) Model S on I-95, it sounds like a total nightmare.
According to the writer, the battery on the Model S drained much quicker than promised in cold weather during a recent trip up and down the East Coast. With only a few charging stations in the Northeast, the writer was forced MOREMaureen Farrell - Feb 11, 2013 3:02 PM ET
Activist investor David Einhorn publicly called for Apple (AAPL) to give some of its $137 billion cash hoard to back to shareholders in the form of preferred stock.
Einhorn said in a press release Thursday that he has held meetings with Apple executives explaining how they could unlock "several hundred billions of dollars" by distributing a perpetual preferred stock. Apple, he said, rejected the proposal in September 2012.
"Like many other shareholders, Greenlight is dissatisfied with Apple's MOREMaureen Farrell - Feb 7, 2013 4:00 PM ET
Bond guru and Pimco (PTTRX) managing director Bill Gross isn't buying into the bull market. In fact, he's warning investors to be afraid, be very afraid, of how inflation and the flood of cheap money will affect all investments.
Investors should be prepared to accept "lower returns on bonds, stocks, real estate and derivative strategies," Gross wrote in his monthly letter entitled "Credit Supernova!"
Championing something of a bunker mentality, Gross MOREMaureen Farrell - Jan 31, 2013 11:38 AM ET
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