Financial Transparency Coalition

Bloomberg -- Former Credit Suisse Group AG broker Eric Butler was convicted of fraudulently selling millions of dollars in subprime securities to corporate clients that allowed him to generate higher commissions.

New York - The United Brotherhood of Carpenters, the labor organization that represents the nation’s carpenters, placed its New York chapter under emergency trusteeship Wednesday and ousted the chapter head and two other leaders who are targets of racketeering charges unsealed last week by federal authorities.

NEW YORK (Reuters) - For anyone who believes crime doesn't pay, tell that to the New York state legislator who introduced a "Madoff" bill on Monday. Rich New Yorkers convicted of crimes would be forced -- if his bill becomes law -- to pay the state and federal governments for how much it costs to keep them in jail.

State Insurance Superintendent Eric S. Dinallo warned insurers, brokers and agents to make sure they comply with federal rules intended to prevent money laundering and other illegal transactions.