FalconX hit with $1.7 million fine for regulatory violations
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UC Regents order UCLA to pay $10 million annually in 'Calimony' for three years
In a temporary triumph for UCLA, the University of California Regents on Tuesday ordered the school to pay rival California the max tax but for only half the previously allotted period. By a vote of 7-1, the regents’ special committee on athletics directed UCLA to give Cal an annual $10-million subsidy for the next three years — instead of six — because of a projected $50-million-per-year discrepancy in athletic revenue after UCLA announced it was headed for the Big Ten Conference. The regents...