Tag:
insider trading
Latest Headlines
Latest Headlines
Congressman under investigation for insider trading
The media has gone to town on the issue of insider trading by powerful Congressmen.
The chief culprit according to media reports has been Rep. Spencer Bauchus. Bachus reportedly received a confidential briefing from the then Treasury secretary and chairman of the Fed in 2008, which was rather
Law to stop Congressional insider trading
The issue of insider trading by members of Congress has been something of perennial issue.
It has never been a big secret that members were allowed to trade on the inside information they glean as part of their jobs. But it exploded as a controversy recently, as the media latched on passionate
Charges against Gupta expanded
The insider trading case against former Goldman Sachs director Rajat Gupta hit another milestone this week when prosecutors filed an expanded indictment.
The new set of charges features an intriguing accusation--that Gupta called in to a Goldman Sachs board meeting in March 2007 from Rajaratna
Insider trading witness gets probation
What would you do to stay out of prison?
We can only hope we never have to answer that question, but David Slaine wasn’t so lucky. Back in the summer of 2007, FBI agents showed up at his home and confronted him with evidence of insider trading. He ended up becoming a government witness in a ca
Seven more charged with insider trading
Raj Rajaratnam is in jail serving an 11-year sentence, but the historic insider trading investigation that landed him there isn’t going away.
Demonstrating its staying power, the case rolled ahead this week as seven more professionals were charged with insider trading. The accused include Leve
Michael Steinhardt censured over trades
Hedge fund "legend" Michael Steinhardt is no stranger to regulatory controversy.
Recall that in the early 1990s he and his firm were investigated for attempting to manipulate the short-term Treasuries market. Back then, he and his firm paid a $70 million fine as part of settlement with SEC and
Rajat Gupta trial looms as seismic event
The April 9 insider trial of former Goldman Sachs director Rajat Gupta might prove a seismic event, outdrawing even the Raj Rajaratnam trial, which ended in a spectacular victory for prosecutors.
Gupta, a former head of McKinsey, ranks as the most prominent executive charged with insider tradi
Rajaratnam will report to prison
In a terse ruling, a panel of federal appellate judges have denied Raj Rajaratnam's request to stay out of jail, pending a ruling on his appeal.
No explanation was given, but the panel's questioning focused on the probably of Rajaratnam fleeing the country. The decision means that the convicte
Three insider trading arrests on deck
The Financial Times reports that federal authorities will arrest three former traders at hedge funds as early as next week, marking an expansion of their already hugely successful insider trading probes.
It's unclear exactly who will be arrested. In any case, the arrests will follow the mu
Raj Rajaratnam bids to stay out of jail
It was never a secret that Raj Rajaratnam's legal team would appeal his insider trading guilty verdict based on its view that the wiretap evidence used against him in court was illegitimate.
The twist here is that the defense is now suggesting that the substance of their argument is so strong
