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."
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...
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.
WASHINGTON, April 10 (Reuters) - U.S. law enforcement officials have reversed a decision to wind down an investigation into how news agencies handle...
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 ...
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 ...
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.
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?
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...
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.
(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...
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?
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 ...
WASHINGTON, Oct 25 (Reuters) - Securities regulators on Thursday charged a former director of store operations for clothing retailer J.Crew Group In...
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.
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.