Top News

Illinois unclaimed property rules for gift cards, other securities, could soon change

Nicholas Gueguen May 31, 2017, 10:10pm

A proposed new law could change the rules in Illinois concerning unclaimed property - and particularly, unclaimed gift cards and unclaimed property from business-to-business transactions, both of which may no longer be exempt from reverting to the state.

Judge: SEC OK to continue suit vs Navistar CEO for misleading investors on development of diesel engine

Scott Holland Jan. 27, 2017, 10:00pm

A Chicago federal judge will allow the Securities and Exchange Commission to continue the bulk of its legal action against the former president and CEO of Navistar for allegedly misleading investors and the federal government by lying about Navistar’s development of a new diesel engine that met heightened emissions standards. 

Harvey mayor to pay $10K to settle SEC complaint over misuse of city's muni bonds

Scott Holland May 20, 2016, 5:09pm

The mayor of Harvey has quickly agreed to pay a $10,000 fine as part of a settlement reached with the federal Securities and Exchange Commission, ending a legal action the financial watchdog agency launched over allegations the suburban city had improperly steered nearly $2 million in investors’ money away from an advertised hotel development project to the city’s general coffers.