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Insider Trading

Retrial?

AP | LARRY NEUMEISTER | Posted 05.21.2013 | Business

NEW YORK — A lawyer for a former board member at Goldman Sachs and Procter & Gamble Co. urged an appeals court panel Tuesday to give his client ...

Las Vegas East: The Big Bust in Stocks On the Way

Dan Agin | Posted 05.20.2013 | Business
Dan Agin

Before the Big Bust happens, here are a few cautionary words for the hoi polloi: One of the reasons for the existence of the stock market is to provide a casino for gambling and for the movement of capital from the pockets of small gambler "investors" to the pockets of big gambler "investors."

Mark Gongloff

Markets Turn People Evil: Study

HuffingtonPost.com | Mark Gongloff | Posted 05.15.2013 | Business

Markets can make people do bad things. That's the disturbing -- but sadly not all that shocking -- conclusion of a recent experiment by two German ...

Jon Blasts Congress For Gutting Insider Trading Laws

Posted 04.24.2013 | Comedy

Remember that brief moment when Congress had to stop benefiting from insider, government knowledge in the stock market, and instead had to abide by th...

America's New Math: 1 Wall Street Hour = 21 Years of Hard Work For the Rest of Us

Les Leopold | Posted 04.22.2013 | Business
Les Leopold

The new Rich List is out -- yet another example of financial pornography. While nearly 15 million Americans still can't find jobs due to the Wall Street-created crash, the top hedge manager, David Tepper, earned $1,057,692 an HOUR in 2012.

U.S. Revives Probe Of Media's Handling Of Economic Data

Reuters | Posted 04.10.2013 | Business

WASHINGTON, April 10 (Reuters) - U.S. law enforcement officials have reversed a decision to wind down an investigation into how news agencies handle...

FBI Investigating Alleged Insider Trading

Reuters | Martinne Geller and Kevin Drawbaugh | Posted 04.09.2013 | Business

April 9 (Reuters) - In a case that could shake one of the world's largest accounting firms, KPMG said it resigned as auditor of two U.S. companies as ...

Partner At Auditing Giant Engaged In Insider Trading

Reuters | Posted 04.09.2013 | Business

By Martinne Geller April 9 (Reuters) - KPMG resigned as the auditor of Herbalife Ltd after one of its senior partners ...

How to Avoid a Charmed Life

Michael Sigman | Posted 04.05.2013 | Comedy
Michael Sigman

If you think you have it all and only blue skies await, you may want to consider these warning signs of impending discharmament.

Mark Gongloff

Hedge Funds Think Other Hedge Funds Are Cheating

HuffingtonPost.com | Mark Gongloff | Posted 04.04.2013 | Business

Most hedge funders will fan themselves angrily on their fainting couches, while dialing their lawyers, if you suggest they cheat to get ahead. At the ...

Daddy's Been Arrested

Marty Kaplan | Posted 04.01.2013 | Crime
Marty Kaplan

At 6 a.m. last Friday, the FBI arrested Michael S. Steinberg, a 41-year-old stock trader for New York hedge fund SAC Capital Advisors, at his $8 million Manhattan co-op.

NBA Owner Faces Insider Trading Probe

Reuters | Posted 05.05.2013 | Business

* Billionaire accused of insider trading in Mamma.com * SEC says Cuban sold 6.3 percent stake following tip * Cuban has ...

Criminal Investigation Launched Into Heinz

Reuters | Posted 02.20.2013 | Business

By Emily Flitter NEW YORK (Reuters) - The FBI is looking into possible insider trading in the options of ketchup maker H.J. Heinz Co before its bl...

Is Wall Street's Business Model Corrupt?

Les Leopold | Posted 04.14.2013 | Business
Les Leopold

When what you do is make money from money, it seems as if breaking or avoiding laws and rules create victimless crimes. It's all a big game, where each person is trying to out-hustle the other. It's him or me so what does it matter if we both cheat a bit?

Eleazar David Melendez

Investors Can't Believe Government Dismissed Insider Trading Probe

HuffingtonPost.com | Eleazar David Melendez | Posted 01.30.2013 | Business

The dismissal of an investigation into major media companies suspected of giving clients a sneak peek at crucial data drew great surprise on Wall Stre...

Ex-Warren Buffett Employee Tears Down Billionaire

The Huffington Post | Caroline Fairchild | Posted 01.07.2013 | Business

One of Warren Buffett's ex-employees is lashing out against his former boss. David Sokol, a man who once seemed on-track to succeed Buffett at Ber...

My Loss: Whose Gain? A Case of Disappearing Stock

J. L. Morin | Posted 01.03.2013 | Business
J. L. Morin

Since when is stock something that you have to check on every year? Stocks are touted as instruments that you put away and forget about while they grow. Not so, the representative said. If the bank cannot verify your whereabouts, it turns the stock over to the government.

Raj Rajaratnam To Pay $1.5 Million

Reuters | Posted 12.28.2012 | Business

(Reuters) - U.S. hedge fund manager Raj Rajaratnam has agreed to pay disgorgement of about $1.5 million in a civil lawsuit filed by the Securities and...

Hedge Fund Accused Of Weight Watchers Insider Trading

Reuters | Posted 02.06.2013 | Business

* US looking at possible insider trading in early 2011 * Weight Watchers shares doubled during the period under review ...

Stop the Presses

David Crisanti | Posted 02.05.2013 | Business
David Crisanti

Isn't the money manager there to do exactly the opposite, to make sure investors receive all the credits available and pay as few unnecessary fees as possible?

4 Signs The Feds Latest Super-Rich Target Has Way Too Much Money

The Huffington Post | Mark Gongloff | Posted 11.29.2012 | Business

Huge news on Wall Street: One of its brightest hedge fund stars, SAC Capital, founded by the secretive, ludicrously wealthy Steven A. Cohen, has been ...

$5 Million Bail?

Reuters | Posted 01.26.2013 | Business

By Emily Flitter and Basil Katz NEW YORK, Nov 26 (Reuters) - A former SAC Capital portfolio manager was released on $5 million bail on...

Executive At Preppy Retailer Facing Insider Trading Charges

Reuters | Posted 12.25.2012 | Business

WASHINGTON, Oct 25 (Reuters) - Securities regulators on Thursday charged a former director of store operations for clothing retailer J.Crew Group In...

Steven Cohen's Press Release on SAC's Alleged Insider Trading: I'm a Genius!

Janet Tavakoli | Posted 05.21.2013 | Comedy
Janet Tavakoli

How did I not know allegedly illegally obtained insider information was used by managers at my own fund? It's because I'm a genius. If you don't get it, it's because you're not a genius. But don't worry. I'll explain it to you later in this press release.

Four Years After the Financial Implosion, Questions Finally Begin to Be Asked

Raymond J. Learsy | Posted 11.16.2012 | Business
Raymond J. Learsy

The issue of insider trading from information emanating from Treasury Secretary Paulson's office was a focus of ruminations from this corner some four years ago. But hard questions, perhaps until now, have been few and far between.