Insider Trading: Feds on the Hunt
While insider trading, at least the illegal variety (remember, there are two definitions), is a four-centuries-old practice, it’s still a problem today.
While insider trading, at least the illegal variety (remember, there are two definitions), is a four-centuries-old practice, it’s still a problem today.
Remember Betty White’s recent remarks in People that carnal desire does not dissipate with age? Apparently, neither does the desire to make money.
Even in a short trading week, BP (BP) finds its way into the headlines. Such is life for the primary villain in the Gulf of Mexico oil spill disaster.
Astrotech Corp. (ASTC) set itself up for endless punsterizing this week when it blasted off for a 45%, one-day journey to the stars.
Dressing up as a faux hedge fund manager may be a unique idea for Halloween 2011. But doing it in real life, as Mark Traisman allegedly did, is not a bright idea.
In the wake of options backdating investigations, former Comverse Technologies CEO Jacob “Kobi” Alexander allegedly fled to Namibia with something like $57 million.
Press releases from the FBI usually come in the morning and provide a page or so describing some perp’s alleged doings and the number of decades in Club Fed likely to result.
Although traders are famous for concentrating mostly on what is going on right now, most (if not all) also keep a very close eye on strategic trends in the overall economy.
At various points over the past 12 to16 months, ETF’s focused on specific European countries would have made for easy shorting.
It’s rarely a bad day to be working for Goldman Sachs (GS), and the most profitable Wall Street bank in history is using some of those profits to promote 321 staffers to the illustrious title of managing director.
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