Former Chief Of Evergreen Investment Settles Insider Trading Charges
Charles Marquardt, the former chief administrator of Evergreen Investment Management Co. LLC, settled with the SEC over charges that he sold shares in Evergreen's Ultra Short Opportunities Fund after...
View ArticleYou Say Potato, I Say Insider Trading
Igor Poteroba, a high-ranking investment banker in UBS Securities LLC's Global Healthcare Group, was charged by the SEC for allegedly tipping his friend Aleksey Koval with highly confidential...
View ArticleS.E.C. Attempts To Introduce Wiretaps For The First Time Into Insider Trading...
Insider Trading is a difficult charge to sort through in court because most cases involve snippets of phone conversations, text messages, and paper trails revolving around transactions that happened...
View ArticleSEC Suffers Setback In Attempts To Crack Down On Insider Trading
The S.E.C. can't seem to catch a break: The government watchdog recently suffered a setback in its attempts to crack down on insider trading after losing its case against Jon-Paul Rorech, a bond...
View ArticleGoldman Sachs: Cheatin' All Over the World
On July 13, 2010, Brazilian police accused financial giant Goldman Sachs of alleged inside trading involving the takeover of pulp company Ripasa by rival Suzano Celulose in 2004. The police say Goldman...
View ArticleWatch Out for Those Secretaries
Former secretary at Disney pleads guilty to trying to sell company secrets to hedge funds around the country.
View ArticleIt's Not the Playoffs, But Mark Cuban is Again Feelin' the Heat
The S.E.C. has renewed its insider trading case against Dallas Maverick's owner Mark Cuban.
View ArticleFall of Healthcare Hedge Fund Star
In 2001, Joseph Skowron faced what may have been more than just a career dilemma -- should he pursue a future in medicine? Or go for the money and head to Wall Street? Skowron, at the time in a...
View ArticleStarting Now: Insider Trading Dragnet
Click here for update and profile of hedge fund star Todd Deutsch. Federal authorities have launched one of the biggest crackdowns on insider trading in years. On Saturday, November 20, the Wall Street...
View ArticleInsider Trading Probe Offers Chance to Curb Hedge Fund Power
Click here for update and profile of hedge fund star Todd Deutsch. It is never good to hear that large financial players may have broken the law, and the huge insider trading investigation unfolding on...
View ArticleWho is Todd Deutsch? Background on Hedge Fund Star Named in Federal Insider...
Here is a name that may -- or may not -- become much better known as federal authorities move forward in their vast investigation of insider trading: Todd Deutsch. Now, before saying another word, let...
View ArticleInsider Trading Couple: Meet Arnold and Annabel McClellan
While all eyes are fixated on the federal investigation of possible insider trading by top hedge funds, the SEC is also moving forward with other insider trading cases, as it reported today. The...
View ArticleWelcome to the Gray Zone: Insider Trading Law
If there is anything we've learned from the new insider trading probe, as well as the Galleon Group case, it is that the law in this area is very complex. In fact, there is no clear-cut definition of...
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Why Insider Trading Matters: The Government's View
If you want to see how the federal government is thinking about insider trading, and why it has mounted a huge probe, check out the speech that U.S. Attorney Preet Bharara gave to the New York City Bar...
View ArticleFrontPoint's Agony: The High Cost of One Unethical Employee
The great nightmare of every top executive is that the misdeeds of a single employee, or a small group, could lead to huge losses -- or even to the collapse of a firm. That nightmare is one reason why...
View ArticleWhy the Rich Cheat: A Primer on Upper Class Criminality
A persistent puzzle about financial crimes is that they often involve fabulously rich executives or traders who risk everything to do even better. The rest of us can only wonder: Just what, exactly,...
View ArticleAnnabel McClellan: The Banal Face of Greed
Annabel McClellan, the San Francisco woman who faces prison time on insider trading charges, is emerging as one of the more intriguing characters in the recent history of insider trading. Typically,...
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Insider Trading Case: The Net Tightens Around Top Fund Managers and Analysts
Preet Bharara, the U.S. Attorney leading the vast hedge fund probe, is moving systematically to tighten the net around top hedge fund managers and analysts. Today he announced the arrest of four...
View ArticleYet More Arrests: How Big Will This Sting Be?
The federal insider trading investigation keeps getting bigger, and it's finally starting to ensnare some actual hedge fund managers -- as opposed to those who feed them allegedly inside information....
View ArticleLight Punishment for Insider Traders Undermines Deterrence
The huge federal insider trading probe is said to be spreading terror in the investment world. But let's get some context here: insider traders rarely spend long stints in prison, even the most extreme...
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