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  1. ETF Stripping and Insider Trading

    This post comes as a suggestion from HappyPantsMcGee (or HPM, or whatever the Diddy wannabe is calling himself this week). He asked me to explain the practice of ETF stripping, especially as it relates to the recent insider trading charges filed against s ...

    28 comments - 0 silver bananas - Mar 19 2016 - 8:48am -

  2. JPM Tech Banking Analyst Nabbed by Fed's

          Looks like some JPM tech coverage monkey's in SF were playing fast and loose with their data room privileges. This one's gotta be a first for stupid analyst fuck-ups, what a bunch of retards... Ex-J.P. Morgan Securities Anal ...

    20 comments - 0 silver bananas - Sep 5 2015 - 2:00pm -

  3. Insider trading- Getting tips?

          Hi guys Let's assume I work at a BB and have an account with around a million dollars at a brokerage like Alpari UK (kinda like ETrade or Interactive Brokers, it's just a London based one). Let's assume I just receive a ...

    21 comments - 0 silver bananas - Apr 22 2016 - 3:41am -

  4. Is this insider trading?

    I recently finished up my IBD SA at a BB and worked on some very interesting middle market names that after working with I now consider to be very good investing opportunities. The internship is over and I decided not to continue with that bank so my ques ...

    22 comments - 0 silver bananas - Sep 12 2014 - 12:56am -

  5. SAC Against the Ropes

    It's been a rough couple of weeks for Stevie Cohen and his crew, and the situation is growing more "fluid" with each passing day. I kinda kept one eye on it all weekend after the somewhat cryptic announcement on Friday that SAC would no lon ...

    99 comments - 1 silver bananas - May 21 2013 - 7:45am -

  6. Insider Trading- How do banks prevent it?

          Hi everyone, was thinking about insider trading, how do banks prevent it??? is there some kind of regulation that prohibits M&A analysts for instance to talk with traders or something loike that, a sort of inside rule??? How dange ...

    9 comments - 0 silver bananas - Apr 22 2016 - 3:42am -

  7. Why We Should Legalize Insider Trading

    James McDermott. Jeffrey Skilling. Martha Stewart. Raj Rajaratnam. Samuel Waksal. They've all been indicted for the financial taboo of trading on private information profitably. Recently, Steven Cohen's $14B HF SAC Capital Advisors is the latest ...

    66 comments - 0 silver bananas - Dec 2 2012 - 6:38pm -

  8. Cohen Pleads the Fifth

    The ongoing saga at SAC continues with the Justice Department calling Steve Cohen's bluff, and Cohen calling theirs right back at them. Cohen's attorney informed prosecutors that he would indeed invoke his Fifth Amendment right against self-incr ...

    18 comments - 0 silver bananas - Jul 2 2013 - 7:32am -

  9. SAC Not Out of the Woods Yet

    You'd think pleading guilty to insider trading, paying a $1.2 billion fine, and being barred from managing outside capital would clear the decks. But if you're SAC Capital, you'd be wrong. The Justice Dept is proceeding in its investigation ...

    12 comments - 2 silver bananas - Nov 5 2013 - 7:45am -

  10. Why Do Outside Investors Flee From Insider Trading?

    If I heard one of the funds I was invested in may be involved in insider trading, I would view at as an opportunity to make a profit off something illegal, while someone else is taking all the legal risk. I kind of thought this was the definition of ...

    22 comments - 0 silver bananas - Jul 7 2013 - 8:45am -

  11. Mark Cuban Acquitted

    Toldja. The SEC was barking up the wrong tree with this case, and a jury just let them know in no uncertain terms when they found Cuban not guilty on all insider trading charges. The trial took three weeks, but the jury only took four hours to return the ...

    8 comments - 0 silver bananas - Oct 17 2013 - 7:45am -

  12. Ex-SAC Capital Manager Claims the Fund Trades on Inside Information

    According to a Bloomberg News report, a former portfolio manager at SAC Capital told the FBI that it was understood that inside information was used in crafting trade ideas for Steven A. Cohen, SAC 's founder and manager. The portfolio manager in que ...

    14 comments - 1 silver bananas - Oct 2 2012 - 3:45pm -

  13. SAC Shuttering London Office

    First Chicago, now London. SAC Capital has announced it will close its London office by year-end as a result of the ongoing insider trading investigation. SAC President Tom Conheeney delivered the news to the London employees in person, which was a class ...

    7 comments - 0 silver bananas - Oct 24 2013 - 7:45am -

  14. JCP: Yet more proof of insider trading

          JCP announced a 10mm secondary offering (~5% dilutive) after-market, yet the stock traded down 6.4% intra-day, starting up ~1% and steadily declining to-5.4%. http://i.imgur.com/OQPlhPh.png After HNZ options trading, this is further e ...

    23 comments - 2 silver bananas - Mar 4 2013 - 4:21pm -

  15. Is Bob Stiller in Jail Yet?

    Martha Stewart must be having a conniption fit right about now. She did five months in the federal pen and another five under house arrest for selling less than 4,000 shares of ImClone on an insider tip that wasn't even hers. It has been revealed tha ...

    11 comments - 0 silver bananas - Mar 28 2012 - 6:45am -

  16. Insider Trading...on the Comeback

    With Raj Rajaratnam's lawyers concluding their defense statements earlier this week the Galleon saga will soon be over. Rajaratnam stands accused of pocketing over $50 million in illicit profits and faces up to a quarter century of jail time if convi ...

    16 comments - 0 silver bananas - Apr 23 2011 - 12:10pm -

  17. 38% of new wall streeters would commit insider trading. Any comments?

    Considering that insider trading is considered worse than pretty much any other crime (including ponzi schemes, creating products that cause cancer, collapsing the economy, etc.)..., I found the following interesting (mostly because Im surprised anyone wa ...

    13 comments - 0 silver bananas - Jul 25 2013 - 4:15pm -

  18. Should Insider Trading Be Legal?

    In the midst of the FBI's insider trading crackdown, Stockpickr founder and Tim Burton lookalike James Altucher has posed an interesting question; should insider trading even be illegal? He argues that it shouldn't, citing among other things, &q ...

    18 comments - 0 silver bananas - Nov 24 2010 - 6:49pm -

  19. S&P Has Some Splaining To Do

    We all had to see this coming. The SEC has opened an insider trading investigation into Standard and Poors regarding the recent downgrade of the U.S. credit rating. On the Friday before the downgrade was announced, trading volume spiked and the Internet w ...

    12 comments - 0 silver bananas - Aug 16 2011 - 6:07am -

  20. A New Witch Hunt...or is it?

    After three plus years of snooping around, it seems that the Federal government is ready to blow the lid off insider trading wink-and-nudge practices at some of Wall Street's biggest name institutions. The key surrounds passing of nonpublic informati ...

    15 comments - 0 silver bananas - Nov 20 2010 - 3:20pm -

  21. Insider trading- Can you move to another country?

          Can you move to another country where insider trading laws are lax or non existent, and trade stocks on inside information avoiding investigation and prosecution? insider trading ...

    3 comments - 0 silver bananas - Apr 22 2016 - 3:42am -

  22. Insider Trading- Illegal?

          Why is insider trading illegal? and WHYYYYY does the US put so much time, money, and effort into the whole steroids in pro baseball thing? none of it makes any sense to me... perhaps i'm just a stupid n00b insider trading illegal ...

    6 comments - 0 silver bananas - Apr 22 2016 - 3:39am -

  23. The Feds are coming

    Pop quiz hot shot: Couple of G-men hammered on your door, huffing and puffing, accusing your low-on-the-totem-pole ass of insider trading. You let them in, and the performance begins. Bad cop comes in screaming, messing up your stuff. Slimeball good cop s ...

    11 comments - 0 silver bananas - Nov 22 2010 - 8:26pm -

  24. Smithfield SEC case- blatant insider trading

          One of my buddies in securities law showed this to me. Although reading SEC lawsuits is probably not your definition of time well spent, this one is worth a quick read. http://www.sec.gov/ litigation /complaints/2013/comp-pr2013-102.p ...

    9 comments - 0 silver bananas - Jun 19 2013 - 9:03am -

  25. Disney- Hedge Fund Insider Trading Scheme Busted

    You don't screw with the Rat. Disney administrative assistant Bonnie Jean Hoxie and her boyfriend Yonni Sebbag found that out the hard way Wednesday when they were arrested for attempting to sell Disney's quarterly results to several hedge funds ...

    10 comments - 0 silver bananas - May 28 2010 - 1:33am -

  26. Insider Trading- Monster Case to Double Prosecutions Since 2009

          Happy to see Gordon Gekko on the front page of the Journal today. He is now part of a PSA put on by the FBI to discourage insider trading. The 120 person case that is being compiled and could be expanded to 240, is by far the largest ...

    9 comments - 0 silver bananas - Feb 28 2012 - 11:02am -

  27. What technically constitutes insider trading?

    I'm fully aware when an Investment banker or someone in a similar position such as a PE analyst, tells another professional about a m&a deal beforehand and the individuals profit of the information, it constitutes inside trading. But what if two ...

    9 comments - 0 silver bananas - Dec 5 2012 - 7:29pm -

  28. Eddie, I know you will love this

          http://www.businessinsider.com/spencer-bachus-cong... trading-60-minutes-2011-11 Forget Pelosi, Here's The Most Stunning Detail From The Congressional Insider Trading Report Read more: http://www.businessinsider.com/spencer-bachu ...

    15 comments - 0 silver bananas - Nov 14 2011 - 11:58am -

  29. Is the Market Rigged?

    In light of Raj's conviction yesterday, here is an interesting interview with Barry Ritholtz of Fusion IQ about how prevalent insider trading is and whether or not the average investor can get a fair shake in today's market. Ritholtz believes tr ...

    6 comments - 0 silver bananas - May 12 2011 - 5:45am -

  30. Martoma won't turn, so SAC in the clear?

          If Raj got 11 years for making $90m, what is Martoma facing? You'd think he'd tell the Feds whatever they want to hear, true or not, given the sentence he's facing. Plus he's got no allegiance to Stevie, right? The ...

    7 comments - 0 silver bananas - Nov 23 2012 - 11:36am -

  31. Insider Trading Hypothetical

    Here's a couple hypothetical for you: You are working on a deal to help company A expand its business. You expect the deal to increase A's value, but can't invest in company A using this information. Company B has a contract to build all of ...

    13 comments - 0 silver bananas - Mar 15 2011 - 1:56pm -

  32. Lessons from Some Failed Insider Traders

    The New York Times is reporting that, indeed, life does imitate art: On Wednesday, authorities arrested two dudes, one of whom is an I-banker at UBS, for masterminding a "moderately clever" insider trading scheme. Though the amount of money they ...

    7 comments - 1 silver bananas - Mar 25 2010 - 11:35pm -

  33. $20,000 Dollars?

          Hypothetically speaking, how much would it cost to get an investment banking analyst to leak information? $20,000, $30,000, or a guaranteed job at a prominent hedge fund when you finish your investment banking stint? Since investment ...

    12 comments - 0 silver bananas - Mar 17 2011 - 6:07pm -

  34. How Common is Insider Trading?

    How common would most of you say insider trading is on Wall Street? Im not too well connected on the street, but some of the people I know who worked there in the 80's say it was an everyday occurrence, with millions being made by everyone. Does it c ...

    12 comments - 0 silver bananas - Dec 9 2010 - 3:42pm -

  35. Insider Trading S&T vs IBD at BB

    Are there more possibilities to profit from insider trading in S&T or IBD at BB? ...

    4 comments - 0 silver bananas - Jan 29 2014 - 3:05pm -

  36. Reuters, Michigan, and HFT

    Hi everyone, Hope you're all enjoying your Fridays! I recently read an article on dealbreaker (http://dealbreaker.com/2013/06/lots-of-people-thin...) regarding the express release of Michigan's consumer sentiment survey to certain high paying su ...

    5 comments - 0 silver bananas - Jun 14 2013 - 12:43pm -

  37. (vid) Congress & Insider Trading!??!

          Is such a thing even possible? I thought that it seem logical that people in Congress, like people in banking, were severely restricted in what they can trade? I guess not. http://www.cbsnews.com/video/watch/?id=7388130n insider tradi ...

    8 comments - 0 silver bananas - Nov 14 2011 - 9:48am -

  38. Galleon founder charged with insider trading

          http://finance.yahoo.com/news/Billionaire-among-6-... This is crazy they are very well respected on the street. hedge fund insider trading Galleon ...

    13 comments - 0 silver bananas - Oct 16 2009 - 7:13pm -

  39. Working for HF under pressure/convicted of insider trading?

          Any thoughts on working for well-known HFs or portfolio managers that have been under pressure or even convicted of insider trading in the past. As a junior in the fund, would this hurt exit opportunities to other funds? insider tradi ...

    3 comments - 0 silver bananas - Jul 20 2014 - 3:03pm -

  40. THE CONGRESS INSIDER TRADING SCANDAL IS OUTRAGEOUS: Rep. Spencer Bachus Should Resign In Disgrace

          http://www.businessinsider.com/the-congress-insider- trading-scandal-is-a-disgrace-rep-spencer-bachus-should-resign-immediately-2011-11 What do you guys think about this? Congress insider trading Occupy Wall St. ...

    7 comments - 0 silver bananas - Nov 16 2011 - 1:20pm -

  41. SAC Capital Gave out a Bribe

    Has anyone heard a rumor concerning SAC capital and a bribe made to a former trader specializing in energy/utility stocks? I've heard from two seperate sources that Steve Cohen has OK'd a bribe "appreciation bonus" to a FORMER employee ...

    5 comments - 0 silver bananas - Dec 11 2012 - 1:04pm -

  42. Transcript of David Einhorn’s Phone Call with Punch CEO: Insider Trading

          David Einhorn’s insider trading case provides an opportunity to get to know him better. You don’t get to eavesdrop on a conversation between a top hedge fund manager and a CEO of a company (two bankers were also eavesdropping while Da ...

    6 comments - 0 silver bananas - Feb 17 2012 - 3:40am -

  43. Sexiest Insider Trading Case Ever?!

          All the focus is rightly centered on Bernie Madoff's insane $50 billion Ponzi scheme these days, but there is another lower profile insider trading case you may not have heard about. It all surrounds former Playboy playmate and c ...

    8 comments - 0 silver bananas - Dec 19 2008 - 5:48pm -

  44. McKinsey the next Arthur Andersen?

          Link: http://www.finalternatives.com/node/15885 If this thing gets any bigger, do you see McKinsey going the way of Arthur Andersen? Thoughts? McKinsey insider trading ...

    7 comments - 0 silver bananas - Mar 16 2011 - 1:38am -

  45. Insider Panty Trading @ IBM

    Sex, lies and recording devices is more like it. Robert Moffat was a top IBM executive with a clear cut path to one of the most sought after CEO positions on the planet. He was happily married and regaled by all who knew him, then he met her and the life ...

    4 comments - 0 silver bananas - Oct 16 2010 - 12:26pm -

  46. Rajaratnam Guilty

          http://news.yahoo.com/s/nm/20110511/ts_nm/us_galle... "It will likely set the stage for a dramatic change not only in the way that the Wall Street insider-trader activities are investigated and prosecuted, but most likely this wi ...

    6 comments - 0 silver bananas - May 11 2011 - 10:31pm -

  47. Insider Trading-Where is the line drawn?

          Basically what the title says. I am trying to get a better feel for where the line on "insider information" is drawn. Obviously by working with the stock market and numerous money managers as a career you are going to pick u ...

    7 comments - 0 silver bananas - May 11 2010 - 4:29pm -

  48. Want to participate in an IPO but the CEO is family friend. Ethical considerations?

          I've been working as a Portfolio Analyst for a hedge fund since graduating with my MFE a while ago. I'm thinking of submitting a recommendation for a company IPO to the fund, but I'm a little reluctant to proceed since ...

    5 comments - 0 silver bananas - Jun 6 2011 - 11:54pm -

  49. How would you calculate the loss due to insider trading?

          I am working on a case study, and was asked to calculate the loss. Due to insider trading. In summary, July 1 target price/share = $25 Aug 1 target price per share = $30 Aug 2, the company announced the merger and that they would be p ...

    3 comments - 0 silver bananas - Sep 3 2013 - 7:21pm -

  50. Braverman busted for Insider Trading

    Dimitry Braverman, that is... "Dimitry Braverman, 41, pleaded guilty in New York federal court to one count of securities fraud, two years after another Wilson Sonsini employee, attorney Matthew Kluger, received the longest insider trading prison sen ...

    2 comments - 0 silver bananas - Nov 18 2014 - 4:11am -

  51. Is Sokol's Lubrizol share purchases insider trading?

          what do you think? insider trading, unlawful..? insider trading ...

    5 comments - 0 silver bananas - Apr 1 2011 - 8:23am -

  52. What Is Insider Trading?

    Insider trading is a financial crime which involves trading based on information which is not available to the general public. Insider trading is only illegal when the information being used is not available to the public, for example if a press statement ...

    0 comments - silver bananas - Apr 23 2012 - 7:50am -

  53. Mark Cuban Indicted On Insider Trading Charges

          Seems to be a trend today. It doesn't come as much of a shock that the flamboyant Mavericks owner likes to color outside the lines. With any luck, Martha Stewart's old cell is still decorated and ready for Marky Mark. http:/ ...

    4 comments - 0 silver bananas - Nov 17 2008 - 12:05pm -

  54. The Other Side of Insider Trading

    Countless articles have been written over the years weighing the so-called 'benefit' of insider trading--more efficient markets--with its obvious evils. Yet over the past few years, a new debate has emerged over where to draw the line between ag ...

    2 comments - 1 silver bananas - May 25 2012 - 8:13pm -

  55. Insider trading as a credibility measure for marketing activities

          I am investigating whether "management (insider) trades add credibility to marketing activities (in this case product introductions)", thereby I am focusing on S&P 1500 companies with a time span from 1998 to 2009. I alr ...

    3 comments - 0 silver bananas - Sep 30 2011 - 8:28am -

  56. How Tight-Lipped Do They Want Us To Be?

          Yesterday, Gary Lynch, Morgan Stanley 's Chief Legal Officer, sent a sternly worded letter to the MS staff warning them not to ever again leak confidential information about the firm's plans to anyone ever. Especially not th ...

    3 comments - 0 silver bananas - Nov 14 2008 - 7:11pm -

  57. Goldman Sachs prop trading, how may I help you?

    "I want 2,500 GOOG!" Sell 200 BRK-A." "Get me 10,000 MSFT!" " Goldman Sachs prop trading, how may I help you?" You might be hearing these the next time you're at Goldman Sachs ' Asset Management Division, which ...

    2 comments - 0 silver bananas - Aug 1 2010 - 11:20am -

  58. Insider trading and investing on competitors

          Let me start by saying that I'm not in the position to actually do this right now. I was wondering: speculating on a company for which you hold insider information is of course illegal, but what if you use that insider informatio ...

    1 comment - 0 silver bananas - Feb 18 2015 - 11:29am -

  59. Guttenberg: Chinese Wall More Like A Chain-Link Fence

    Alright, this happened during my move overseas, so my apologies for it being a couple weeks ex post facto. It was just too delicious to ignore. In a case of what may be the worst timing in history, Mitchel Guttenberg was sentenced to 6 1/2 years in the fe ...

    2 comments - 0 silver bananas - Nov 17 2008 - 4:27am -

  60. Insider trading topics?

          I'm looking to do a research paper on insider trading. I was thinking maybe the differences between US and UK laws, trends in convictions or enforcements, or maybe suggesting problems with the current legal structure. I thought I ...

    2 comments - 0 silver bananas - Feb 5 2010 - 7:17pm - Anonymous Monkey

  61. Making Bacon with Chris and Louis

    Making bacon...it used to mean getting paid. In the case of hedge fund manager Louis Bacon and top trader Chris Pia, it could mean something far less profitable. When Louis Bacon left Shearson Lehman Brothers in 1990 to launch Moore Capital Management, th ...

    0 comments - 0 silver bananas - Aug 23 2010 - 2:11pm -

  62. Trader and Pals Charged for Insider Trading

    Nomura trader Trent Martin was arrested last week resulting from US charges of security fraud concerning IBM's $1.2b 09' acquisition of software firm SPSS. Apparently, after learning of the acquisition from a close friend working as a lawyer on ...

    1 comment - 0 silver bananas - Dec 28 2012 - 5:04am -

  63. Legalizing Insider Trading?

          I was reading an article on the recent sentencing of former Goldman director Rajat Gupta for insider trading and it reminded me of a quote by Milton Friedman: "You want more insider trading, not less. You want to give the people ...

    0 comments - 0 silver bananas - Oct 25 2012 - 5:17am -

  64. The Congressional Insider Trading Fiasco

    Wasn't it wonderful the other day to see Democrats and Republicans working together, side by side, for a common goal--to end insider trading in Congress? How about that? They CAN agree on something after all. President Obama mentioned his eagerness t ...

    1 comment - 0 silver bananas - Apr 6 2012 - 7:59am -

  65. Last Week’s Notable Insider Purchases

          Insider transactions are usually worth looking at. Though insider purchases or sells do not always send clear "buy" or "sell" signals, it is always a good starting point to choose which stocks to be analyzed. In th ...

    0 comments - 0 silver bananas - Mar 17 2012 - 5:04am -

  66. The Ultimate Truth on Preventing Market Abuse – It Can’t be Done

    I just finished reading a 144-page document from the Committee of European on ways to prevent market abuse. The paper discusses myriad ways regulators can browbeat listed companies into following disclosure rules. Basically, it's 144 pages on how to ...

    0 comments - 0 silver bananas - Apr 6 2010 - 5:40pm -

  67. Intralinks (IL) Falls 7.5%+ on No News, Possible Insider Trading Alert!

    After trading flat for days, Intralinks just lost over 7.5% on no news. For those of you who don't know, "IntraLinks, formerly TA Indigo Holding Corporation, is a global provider of software-as-a-service (SaaS) solutions for securely managing co ...

    1 comment - 0 silver bananas - Jun 7 2011 - 1:56pm -

  68. Insider trading academic articles

    Hello all, I am going to be doing research for a grad school paper and I wanted to see if insider trading may affect any of my conclusions. To that end I was wondering if anyone knew of any good journal articles on the subject? There are several papers I ...

    1 comment - 0 silver bananas - May 17 2011 - 7:15am -

  69. Why chemists should stay in the lab

    http://online.wsj.com/article/SB100014240527487044... Obviously this story is just sad to hear and unfortunate for the FDA. Cheng Yi Liang and his son are accused of trading on material non-public information in over 27 FDA announcements. And they made as ...

    0 comments - 0 silver bananas - Mar 30 2011 - 12:15am -

  70. U.S. in Vast Insider Trading Probe

    "Today two fresh faced eager beavers from the FBI showed up unannounced (obviously) on my doorstep thoroughly convinced that my clients have been trading on copious inside information," the email said. "(They obviously have been recording m ...

    0 comments - 0 silver bananas - Nov 20 2010 - 10:50am -

  71. Cuban Defends Himself On His Blog

          The Mark Cuban fallout has begun. The cool part about being a public figure/NBA owner being charged with insider trading? You can defend yourself via blog postings! Yet to be seen: a blogosphere defense actually helping someone in the ...

    1 comment - 0 silver bananas - Nov 17 2008 - 2:58pm -

  72. Galleon shuts down...and loses money off insider trading

          So, according to the WSJ (http://online.wsj.com/article/SB125613042653698825...), Galleon has officially decided to walk the plank. I guess when you're on the front page of every business publication for alleged insider trading, ...

    1 comment - 0 silver bananas - Oct 21 2009 - 11:37am -

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