insider trading

A billionaire is actually facing insider trading charges.
“I never gave my father information so he could trade on it."
Phil Mickelson named as a relief defendant in a civil lawsuit by the U.S. Securities and Exchange Commission.
They reportedly purchased $43 million of Cheil Industries stock before Samsung announced a controversial deal to combine Cheil and another Samsung company.
It's the one good thing to come out of this daily fantasy sports scandal.
"The lesson in this is your information is only as secure as the people you share it with."
The Sri Lankan American hedge fund billionaire is feeling aggrieved -- and not just because he's been found guilty of all 14 counts of insider trading. He is mad at his friends, or more specifically his Indian friends, for throwing him to the tigers.