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Ex Goldman Sachs and Blackstone Gives Insider Trading Info via Xbox360
So a former Goldman Sachs and Blackstone employee, Anthony Viggiano (26), gives insider trading information to two friends via Xbox360 chat and gets tracked. 1) What are your thoughts on the current safeguards in place? How will this affect the industry? 2) What do you think then about the current...
If you wanted to insider trade in 10 years who would you make buddies with right now?
tech folk, especially in product 2. bankers Honourable mentions I rather just have you focus on the above two: mngment consultants,regulators/laywyers
Profitable investment company to look out for
At Investmenthacks101 we all come to work each and every day because we desire to solve the biggest problems in our industry. The lack of good information for market traders. Our goal is simple. To help traders and investors of all levels in all walks of life with all types of goals and motivations....
Trading Policies at Firms
What is the trading policy at your firm? are you allowed to buy yolo gme calls? do wall street firms typically allow lax policies so you can invest in whatever you want? I do not want to be tied to one single source of income (the job). Insight is appreciated. Thanks!
POWERFUL TRADERS Greeting!
Hello everyone! Just brief info, about us... So, we are the Team Traders with more than 20 years old of Practice & Experience in trading sphere... Accurately suppose, that our abilities doesn't have some boundaries and limitations & knowledge skills more deeply than you able to expect... We are glad...
How dumb do you have to be to do this?
From FT: "Junior RBC analyst charged with insider trading" "Bill Tsai bought options in Electronics for Imaging ahead of its $1.6bn acquisition by Siris Capital in April. The private equity firm had used financing from the bank to secure the deal. He allegedly made profits of almost $100,000." The...
The 5 Books/Movies you MUST read/watch for finance
A couple of amazing books and films that I would recommend for anyone in the finance industry. The Intelligent Investor - Benjamin Graham - Hands down a must read for anybody even thinking about a profession in the financial markets. The language used is so simple even a kid could understand it....
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 several of our dimwitted brethren . ETF...
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 Analyst Charged With Insider Trading: A former J.P. Morgan Securities analyst...
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 question is when would it be OK to invest in...
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 sentence in history in a separate case in New Jersey....
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 in the hopes of even more charges - charges which Steve...
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?
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 act we don't often see in this business...
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 verdict. [quote]The SEC accused Cuban of...
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-incrimination if called before a Grand Jury in the SAC...
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 longer be "fully" cooperating with the government's...
Insider Trading S&T vs IBD at BB
Are there more possibilities to profit from insider trading in S& T or IBD at BB ?
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 paying $36 per share, but there was extensive amounts of insider...
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.pdf Begs the question, who in their right mind would make these...
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-think-paying-for-news-sho…) regarding the express release of Michigan's consumer sentiment survey to certain high paying subscribers on Reuters. This morning...
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 aggressive information gathering and personal...
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 that Green Mountain Coffee Roasters (GMCR) founder...
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 in history. The most astonishing part to me, ONLY 66 PEOPLE HAVE...
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 the deal, Martin purchased common stock, yet not...
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? They paid him big, but then he got fired a few years ago. The timing makes it appear as...
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 was rife with rumors of an impending...
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 true insider information is far less common than we're...
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 convicted. Raj's defense team has stood solid behind...
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 to sign the STOCK Act (STOCK is an acronym for Stop...
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 this article, we are going to take a closer look at a few insider purchases...
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 says to you: “Maybe we’ll go easy on you...
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 information by independent analysts and consultants who...
THE CONGRESS INSIDER TRADING SCANDAL IS OUTRAGEOUS: Rep. Spencer Bachus Should Resign In Disgrace
http://www.businessinsider.com/the-congress-insid…- trading -scandal-is-a-disgrace-rep-spencer-bachus-should-resign-immediately-2011-11 What do you guys think about this?
Eddie, I know you will love this
http://www.businessinsider.com/spencer-bachus-congress-insider- 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-bachus-congress-insider-trading-…
(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 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 he had built over a thirty year span crumbled...
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 already have a data set with management trades for this time span, now I need...
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 , the world was a different place. The S&L...
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 before the numbers were released. So amateur were...
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 content, exchanging critical business information and...
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 I heard of the company from family, who is also friends (not relatives) with the...
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 have encountered but as I am a little out of...
Rajaratnam Guilty
http://news.yahoo.com/s/nm/20110511/ts_nm/us_gall… "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 will have a chilling effect on individuals and companies that trade."
Is Sokol's Lubrizol share purchases insider trading?
what do you think? insider trading , unlawful..?
$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 banking analysts make about $130,000 per year and the powers that...
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?
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 consist of investment bankers exchanging...
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 will be seeing a few more members added to it in a few days. The...
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 force people to tell the truth. Here's the...
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