In eastern Ohio, Amish and Mennonite communities grapple with questions of faith and finance as a neighbor stands accused of a Ponzi scheme.
Regulators and mutual fund executives differ on the stability of money market funds since the financial crisis. The S.E.C. is expected to soon propose more changes in the industry.
“I made the tragic mistake of trying to change the way money was managed and was successful at the start, but lost my way after a while and refused to admit that I failed.”
— Bernard L. Madoff, in an e-mail on Oct. 11, 2011
Bill Miller helped found Legg Mason in 1982 and it made him a legend on Wall Street, but the volatility after 2006 hit the fund hard.
A former trader at Bernard L. Madoff Investment Securities is expected to plead guilty to participating in an investment fraud beginning in the early 1970s, two decades earlier than Mr. Madoff claims to have started his Ponzi scheme.