The Securities and Exchange Commission says 2014 has brought a record number of fines against traders and others who sought to mislead investors.
This year the commission brought an additional $760 million dollars in fines against wrongdoers, a 22 percent increase compared to year prior. Regulators attribute the increase to smarter use of data and analytical tools to analyze bad behavior.
Also this year, the SEC tried a new approach where more resources are devoted to small infractions in hopes of deterring larger crimes.
Connecticut Governor Dannel Malloy says he supports state Democrats sending out a mailer for his re-election paid for with funds raised to help federal candidates.
Republicans and Connecticut elections officials object to the move claiming it violates state election laws.
The Connecticut Democratic Party said in a statement on Wednesday that they’ve received conflicting guidance on the matter from state and federal regulators. They said that’s why they’ve decided to proceed with the mailing based on the party’s “good-faith interpretation of federal law.”
A Connecticut state trooper shot and killed a man who was stabbing passengers on a tour bus headed to one of the state’s casinos Tuesday night. State Police Lieutenant Paul Vance says passengers called 911 from the bus around 10 p.m. The bus was on Interstate 95 in Norwalk.