Insider trading
Economic Issue
Accused hedge fund chief assails wiretapsNEW YORK - Attorneys for Galleon Group founder Raj Rajaratnam denied a US regulator's claims he engaged in insider trading, saying he based investments on analyst research and media reports and that government wiretaps were illegal. In this article: Galleon Group, John Dowd, SEC, Insider trading, Jed Rakoff, and Intel Corp. |
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washingtonpost.com | 1 day ago
Rajaratnam gives detailed denial of insider charges
Rajaratnam denied SEC allegations that he conducted insider trading in Advanced Micro Devices Inc, Akamai Technologies Inc, Clearwire Corp, Google Inc, Hilton Hotels Corp, Intel Corp, PeopleSupport Inc and Polycom Inc. He denied...
In this article: U.S. Securities and Exchange Commission, Galleon, Defendant, NEW YORK, Intel Corp, Allegation, and Fordham University School of Law
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New York Times | 1 day ago
In Reply to S.E.C., Rajaratnam Attacks Wiretap Use
...to excerpts of conversations recorded using the wiretaps as proof that Mr. Rajaratnam and other individuals had engaged in a large insider trading plot, and brandished the tactic as proof of a more aggressive stance against white-collar...
In this article: Galleon Group, California, Federal Bureau of Investigation, Legal advice, and Manhattan
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www.justice.gov
MANHATTAN U.S. ATTORNEY CHARGES 14 DEFENDANTS WITH MORE THAN ...
... CHARGES 14 DEFENDANTS. WITH MORE THAN $20 MILLION IN INSIDER TRADING ... previously pleaded guilty to insider trading charges in Manhattan. federal court. ...
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www.insideralpha.com
L02.SI: MANHATTAN RESOURCES LIMITED Insider Trading Report
Provides insider trading reports, independent equity research, and stock ... InsiderAlpha.com focuses on insider trading activities in the Singapore stocks market. ...
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mdjonline.com
The Marietta Daily Journal - Feds 14 charged in insider trading
... in U.S. District Court in Manhattan, Zvi Goffer operated an insider trading ... The informant, who executed trades based on insider information while working at ...
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www.myfoxla.com
Feds: 14 Charged For Insider Trading
... people, including attorneys and Wall Street professionals, in a widening $53 million insider trading case that has already ... Court in Manhattan, Zvi Goffer ...
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www.reuters.com
U.S. charges billionaire Rajaratnam with insider trading ...
... were charged on Friday with the largest hedge fund insider-trading scheme ... insider trading case," Preet Bharara, the U.S. Attorney for Manhattan, said ...
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www.nytimes.com
Broker Pleads Guilty in Insider Trading Case - The New York Times
Broker Pleads Guilty in Insider Trading Case. Published: Thursday, January 22, 1998 ... Manhattan real estate broker pleaded guilty yesterday to charges of insider ...
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www.sfgate.com
Feds: 14 charged in insider trading case
... in U.S. District Court in Manhattan, Zvi Goffer operated an insider trading ... those on Wall Street who might consider insider trading to obey moral truths. ...
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Description from Wikipedia:
Insider trading is the trading of a corporation's stock or other securities (e.g. bonds or stock options) by individuals with potential access to non-public information about the company. In most countries, trading by corporate insiders such as officers, key employees, directors, and large shareholders may be legal, if this trading is done in a way that does not take advantage of non-public information. However, the term is frequently used to refer to a practice in which an insider or a related party trades based on material non-public information obtained during the performance of the insider's duties at the corporation, or otherwise in breach of a fiduciary duty or other relationship of trust and confidence or where the non-public information was misappropriated from the company.
In the United States and several other jurisdictions, trading conducted by corporate officers, key employees, directors, or significant shareholders (in the U.S., defined as beneficial owners of ten percent or more of the firm's equity securities) must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. Many investors follow the summaries of these insider trades in the hope that mimicking these trades will be profitable. While "legal" insider trading cannot be based on material non-public information, some investors believe corporate insiders nonetheless may have better insights into the health of a corporation (broadly speaking) and that their trades otherwise convey important information (e.g., about the pending retirement of an important officer selling shares, greater commitment to the corporation by officers purchasing shares, etc.)
Illegal insider trading is believed to raise the cost of capital for securities issuers, thus decreasing overall economic growth.
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