Regulators are reportedly going after JPMorgan regarding customer funds—but in relation to Lehman Brothers, not MF Global—and William Ackman takes a 29% stake in Burger King.

The New York Times says the CFTC is expected to file a civil case against it for over-extending credit to Lehman Brothers for two years leading up to its 2008 bankruptcy.

Here’s the paper’s report.

Donald Steinbrugge of Agecroft Partners says the quantitative analysis employed by commodity trading advisers, or CTAs, has allowed the funds to beat the broad market and deliver positive returns.

“They’re using quantitative analysis versus fundamental, so the performance of CTAs is very different than your traditional fundamental manager,” Steinbrugge says. “So when markets go down—like the S&P 500 has gone down in 2000, 2001, 2002, 2008—CTAs were up in all four of those markets, some of which were up double digits. So people are investing in CTAs in order to diversify their portfolios.”

Europe is wrong on austerity that may sink the global economy deeper into the 1930s-style depression which has already begun, Nobel Prize winner Paul Krugman tells Reuters in an exclusive interview.

“There will be a need to rein in the debs eventually, but right now it’s just a spiral,” Krugman says. “It’s like a medieval doctor who … you’re sick so he bleeds you and you get even sicker so he bleeds you some more. It’s just not working.”