Nomura Holdings, Japanâ??s largest brokerage, posted a $3.8bn loss for the fourth quarter, hit by the cost of buying Lehman Brothersâ?? operations and trading losses amid financial market turmoil.
SEC charges fund manager Arthur Nadel with fraud (Fund News)
The U.S. Securities and Exchange Commission charged missing Florida money manager Arthur Nadel with fraud on Wednesday and accused him of recently transferring more than $1m to secret accounts he held.
Arthur Nadel, president of Scoop Management Inc. remained missing on Monday. Meanwhile funds invested by and through Mr. Nadel had disappeared along with him.