Financial industry regulation

Perry Santillo walks outside the federal courthouse in Scranton, Pa., Monday, Nov. 4, 2019, after pleading guilty to a federal fraud charge. Prosecutors say Santillo masterminded a Ponzi scheme that took in more than $115 million from investors around the country. (AP Photo/Michael Rubinkam)
1010 WINS Newsroom
November 04, 2019 - 5:31 pm
SCRANTON, Pa. (AP) — The fraudster called himself "King Perry," and for a while he lived like royalty. Perry Santillo masterminded a long-running investment scam that collected more than $115 million from 1,000 investors around the country, using some of the proceeds to fund a lavish lifestyle of...
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1010 WINS Newsroom
November 01, 2019 - 3:47 pm
WASHINGTON (AP) — The Supreme Court will consider taking away an important tool that federal securities regulators used last year to recoup $2.5 billion in ill-gotten gains in fraud cases. The justices said Friday they will hear an appeal contending that the Securities and Exchange Commission lacks...
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John Gold, self-employed graphics designer, poses at a farmer's market outside his office in Portland, Maine, Wednesday, Oct. 23, 2019. Gold has been covered by the Affordable Care Act since it started, plans on shopping for plans for 2020 again when the enrollment season starts Nov. 1. The 2020 sign-up season for the Affordable Care Act is getting underway with premiums down slightly in many states and more health plan choices for consumers. (AP Photo/Charles Krupa)
1010 WINS Newsroom
October 31, 2019 - 2:22 pm
WASHINGTON (AP) — More Americans are going without health insurance, and stable premiums plus greater choice next year under the Obama health law aren't likely to reverse that. As sign-up season starts on Friday, the Affordable Care Act has shown remarkable resiliency, but it has also fallen short...
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Akamine Kiarie, a college student, says working for Lyft as an independent contractor gives him the freedom to work when he wants and still be able to attend classes, during a news conference in Sacramento, Calif., Tuesday, Oct. 29, 2019. Kiarie supports a proposed ballot initiative by a group called Protect App-Based Drivers and Services that it will push a ballot initiative challenging a recently signed law that makes it harder for companies to label workers as independent contractors. If approved by voters the initiative would guarantee that drivers remain independent contractors but also receive a minimum wage and money for health insurance. (AP Photo/Rich Pedroncelli)
1010 WINS Newsroom
October 29, 2019 - 5:39 pm
SACRAMENTO, Calif. (AP) — Some of the country's largest ride-sharing companies proposed a California law on Tuesday that would let them continue to treat drivers as independent contractors while also guaranteeing them a minimum wage and money for health insurance. The state Legislature enacted...
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FILE - In an April 11, 2016 file photo, Congressman John Conyers is seen during a ceremony for former U.S. Sen. Carl Levin, in Detroit. Detroit police say the former congressman died at his home on Sunday, Oct. 27, 2019. He was 90. ((AP Photo/Carlos Osorio, File)
1010 WINS Newsroom
October 27, 2019 - 5:05 pm
DETROIT (AP) — Former U.S. Rep. John Conyers, one of the longest-serving members of Congress whose resolutely liberal stance on civil rights made him a political institution in Washington and back home in Detroit despite several scandals, has died. He was 90. Conyers, among the high-profile...
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Facebook CEO Mark Zuckerberg testifies before a House Financial Services Committee hearing on Capitol Hill in Washington, Wednesday, Oct. 23, 2019, on Facebook's impact on the financial services and housing sectors. (AP Photo/Andrew Harnik)
1010 WINS Newsroom
October 23, 2019 - 6:19 pm
WASHINGTON (AP) — Facebook CEO Mark Zuckerberg endured hours of prickly questioning from lawmakers Wednesday as he defended the company's new globally ambitious project to create a digital currency while also dealing with widening scrutiny from U.S. regulators. Representatives also grilled...
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FILE - In this April 11, 2018, file photo, Facebook CEO Mark Zuckerberg pauses while testifying before a House Energy and Commerce hearing on Capitol Hill in Washington about the use of Facebook data to target American voters in the 2016 election and data privacy. Zuckerberg plans to tell Congress Wednesday, Oct. 23, 2019, that the company’s planned Libra cryptocurrency won’t launch unless all U.S. regulators approve. (AP Photo/Andrew Harnik, File)
1010 WINS Newsroom
October 22, 2019 - 5:25 pm
SAN FRANCISCO (AP) — Facebook CEO Mark Zuckerberg aims to reassure Congress on Wednesday that his company won't try to evade financial regulators as it prepares its planned digital currency Libra. In prepared remarks released Tuesday ahead of a hearing before the House Financial Services Committee...
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House Speaker Nancy Pelosi of Calif., gestures while speakings during a news conference on Capitol Hill in Washington, Thursday, Oct. 17, 2019. (AP Photo/Pablo Martinez Monsivais)
1010 WINS Newsroom
October 17, 2019 - 8:10 pm
WASHINGTON (AP) — House Speaker Nancy Pelosi is plowing ahead with her bill to allow Medicare to negotiate prescription drug prices despite a breakdown in relations with her chief bargaining partner on the issue — President Donald Trump. The nonpartisan Congressional Budget Office has estimated the...
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FILE - This April 22, 2005, file photo, shows logos for MasterCard and Visa credit cards at the entrance of a New York coffee shop. Visa and Mastercard are dropping out of Facebook’s Libra project, a potentially fatal blow to the social network’s plan for a worldwide digital currency, Friday, Oct. 11, 2019. (AP Photo/Mark Lennihan, File)
1010 WINS Newsroom
October 12, 2019 - 8:05 am
Facebook faces a rough road ahead with Libra, but defections by high-profile partners are still unlikely to spell the end for the digital currency. On Friday, Visa and MasterCard announced their departures from the Libra project, as did e-commerce giant eBay and payments startup Stripe. Last week,...
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1010 WINS Newsroom
October 11, 2019 - 7:50 am
BEIJING (AP) — China announced a timetable Friday for carrying out a promise to allow full foreign ownership of some finance businesses, starting with futures traders on Jan. 1, as Beijing tries to make its slowing economy more competitive and efficient. Ownership limits will be ended for mutual...
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