Former Federal prosecutor Mitch Epner, and CNBC's Scott Cohn discuss the acquittal of Rengan Rajaratnam on insider trading charges.» Read More
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.
The approach to insider trading that the government is lately employing got an interesting test today.
In what may be today's most titillating—though maddeningly vague—newsflash, SAC Capital Advisors informed investors that they have received a government subpoena.
John Kinnucan , an independent analyst, said the FBI approached him and said, "there was a very large insider trading ring investigation that they were conducting and one of my clients was a focus of the probe and they wanted my help in basically incriminating this individual."
John Kinnucan told CNBC that the FBI said "there would be trouble" unless he agreed to help them incriminate one of his clients.
Over the weekend, we learned that the federal government has gone into panic mode over insider trading. It is using the kind of tactics developed to fight mobsters and later terrorists to root out and punish the use of non-public information by hedge fund traders. It's the equivalent of TSA Rapiscan body scanners or invasive pat-downs at airports.
Diamondback Capital Management, one of the three firms that was raided Monday by the Federal Bureau of Investigation, says that its cooperating with the FBI's investigation.