Opposing portrayals of a former trader at SAC emerged during opening statements at his criminal insider trading trial in Federal District Court.» Read More
Walter Shimoon is one of the suspects arrested on Thursday in connection with the government's latest insider trading crackdown.
A federal appeals panel has upheld a freeze on the assets of more than 300 employees of Texas financier Allen Stanford, who is charged with running a $7 billion Ponzi scheme involving fraudulent certificates of deposit.
Legendary investor Michael Milken told CNBC Tuesday to expect inflation next year.
US securities regulators have broadened their investigation into the alleged $8 billion Ponzi scheme run by Allen Stanford, the Texan billionaire, to include brokerage executives who invested their clients’ money in Stanford International Bank products, reports the Financial Times.
A concurrence by a brilliant judge on the 9th Circuit Court of Appeals may be a warning to federal authorities that they are over-stepping their bounds in pursuit of insider trading.
Even while the federal government is apparently cracking down on expert networks and other types of independent research firms that offer customers an inside track on various economic sectors, sell-side research firms are pushing ahead with these same types of promises. The twist, however, is that they aren't promising the inside track on companies traded on US equities markets.
The defense attorney for accused Ponzi schemer Allen Stanford says his client is not competent to stand trial next month, and he is asking for a court hearing to prove it.
Tucked within the Dodd-Frank Wall Street Reform and Consumer Protection Act, signed into law mid-summer, are new provisions, gone largely unnoticed by many, with monetary incentives that make it easier for employees to come forward with damaging information about there employer.
In late 2006, the German engineering giant Siemens, one of world’s largest companies, was engulfed in a corruption scandal.
So-called marketing trips by senior executives, sponsored by the big investment banks certainly not small research firms like Broadband Research are very common, and are often great trading opportunities, writes John Kinnucan.
Ira Stoll of The Future of Capitalism has put together a nice little video explaining the government's latest crackdown on alleged insider trading.
Newly released documents detail 12 years of fits and starts at the Securities and Exchange Commission as financier Allen Stanford was allegedly running a global Ponzi scheme.
Secret, court-approved wiretaps put in place more than two years ago are now being used by prosecutors in a widening inquiry of securities fraud and insider trading involving hedge funds and consultants that provide industry research, according to court documents and interviews with people close to the investigations. The New York Times reports.
The recent insider-trading dragnet conduct by federal authorities, in the most public way, has created a wave of fear stretching from Goldman's offices in lower Manhattan through the hedge-fund strip of Connecticut and beyond.
Tom DeLay, one of the most powerful and divisive Republican lawmakers ever to come out of Texas, was convicted Wednesday of money-laundering charges in a state trial, five years after his indictment here forced him to resign as majority leader in the House of Representatives, the New York Times reports.
Holman Jenkins today joins the chorus calling the latest insider trading dragnet "insane."
James Altucher describes one of the alleged insider trades made by Galleon:
“They could have just as easily come in before hours and gotten what they wanted,” said an employee at Diamondback Capital Management. “Why did this have to be in a dramatic, Hollywood manner?”
CNBC reports: "The FBI has made an arrest in the so called 'Expert-Network' case. Don Chin Trang Chu was arrested Wednesday on conspiracy charges in connection with his employment at an "expert-networking" firm."
The insider trading dragnet has sparked terror among the rank and file of Wall Street.