As AIG's disclosures mount, its stock rallies

Article Abstract:

American International Group Inc. of the United States has launched an internal review that suggests "certain former members of senior management" were able "to circumvent internal controls" with regards to accounting procedure, namely Maurice R. "Hank" Greenberg and Howard I. Smith. The findings have caused the insurance companies stock to rally. American International Group Inc. is currently under investigation by the United States Securities and Exchange Commission.

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How day traders turned squawk-box chatter into profits

Article Abstract:

A securities fraud investigation by the United States Securities and Exchange Commission show how four day traders left the phones off the hook to listen in on stock orders at A.B. Watley Inc. as guided by John J. Amore. It is estimated at least $650,000 was allegedly made in this way between 2002 and 2003.

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Buyout firms join lobbying efforts; trade group is planned to block regulation, enlist Washington's help overseas

Article Abstract:

In an effort to combat a move towards federal regulations, U.S. private-equity firms have increased spending on political campaigns and lobbying, and are planning to create a trade group. Private-equity companies include both venture-capital and leveraged-buyout firms.

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