Law & Regulation

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The U.S. government is investigating Citadel, a Chicago-based hedge firm and market maker that manages some $25 billion in client money, for allegedly giving smaller investors a bad deal. The Department of Justice wants to know if the firm is taking advantage of the complexity of high-speed trading. Read More
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The South African government has intervened to support the Indian-born Gupta brothers, owners of a sprawling conglomerate with interests from mining to media, following a scandal that suggested that the brothers had accumulated so much power that they could dictate cabinet-level decisions in the country. Read More
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IOI, the second largest producer of palm oil in Malaysia, has been kicked out of an industry group that certifies sustainability practices, for environmental and labor violations. As a result, dozens of companies, including the makers of Dove soap, M&M's and Kellogg's Corn Flakes, have stopped buying from IOI. Read More
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Netherlands-based telecommunications giant VimpelCom announced today that it would pay U.S. and Dutch authorities $795 million to end an investigation into bribery in Uzbekistan. While the settlement does not reveal the recipient of the bribes, most sources point to Gulnara Karimova, daughter of the Uzbek president. Read More
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