Was NSA Head Insider Trading?

By: Thursday October 23, 2014 8:09 am

According to documents filed by former NSA Director Keith Alexander, the head of the NSA was speculating in commodities linked to China and Russia while receiving asymmetric information on the countries as part of his job. The use of asymmetric or non-public information for financial gain is a crime known as insider trading. The shares [...]

SAC Capital Indicted, Pleads Not Guilty To Insider Trading Charges

By: Friday July 26, 2013 10:23 am

SAC Capital has been formally indicted for insider trading and called a “magnet for market cheating” by federal prosecutors who said the firm had engaged in illegal securities trading from 1999 to 2010. While SAC Capital faced charges, its leader and principal beneficiary, Steve Cohen, was not charged. The 41-page indictment and prosecutors depicted a [...]

Jon Stewart Takes On STOCK Act Repeal

By: Thursday April 25, 2013 8:34 am

The Daily Show with Jon StewartGet More: Daily Show Full Episodes,Indecision Political Humor,The Daily Show on Facebook As was previously reported, President Obama and Congress gutted the insider trading regulations on Congress. Like a thief in the night Congress and the White House did nothing to call attention to themselves as they stealthily removed key [...]

Insider Trading By Congress Now Obama’s Legacy

By: Wednesday April 17, 2013 7:31 am

As was reported yesterday, President Obama signed a law gutting insider trading regulations on Congress. An incredible act when one considers the 2008 campaign platform of Barack Obama to roll back the influence of lobbyists and “change Washington” by bringing transparency to the federal government. By signing this law Obama has done incredible damage to [...]

Obama Signs Law Gutting Insider Trading Regulations For Congress

By: Tuesday April 16, 2013 7:16 am

Yesterday President Obama signed a law that gutted the reporting requirements originally included in the Stop Trading on Congressional Knowledge (STOCK) Act. Before these changes were made the STOCK Act required congressional staffers to disclose their finances to the public to help ensure they were not engaging in corrupt practices. But on second thought, President [...]

Steve Cohen Escapes Jail Time Pays $600 Million For Insider Trading Crimes

By: Friday March 22, 2013 5:57 am

The Teflon Trader slips away again. For those who don’t know, Steve Cohen of SAC Capital, number 36 on Forbes’ Richest Americans list, has been under investigation for a good deal of his career. The suspicion is always the same, insider trading. And now Cohen’s firm is part of a settlement to pay $600 million [...]

Goldman Sachs Back To Hurting Clients As Firm Is Targeted In Insider Trading Probe

By: Monday February 18, 2013 5:45 am

Goldman Sachs is apparently back to it’s old tricks despite the $550 million settlement with the SEC over hurting clients in the mortgage securities market. Acting on what may have been inside information (more on that later) the firm decided it wanted to heavily invest in Heinz (HNZ), which later would announce it was in [...]

Judge Blocks Provisions of the STOCK Act

By: Friday September 14, 2012 8:55 am

A federal judge blocked a provision of the STOCK Act, the law passed earlier this year cracking down on insider trading. While the law originally pertained solely to members of Congress and their staffs, House Republicans extended that to members of the executive branch. Judge Alexander Williams gave a preliminary injunction to block enforcement of [...]

Ryan Made Series of Bank Trades in 2008 During Financial Crisis

By: Monday August 13, 2012 11:33 am

Like everyone else but two members of the House, Paul Ryan voted for the STOCK Act, a watered-down version of a bill that would ban insider trading among members of Congress. Before he did that, however, Ryan spent 2008 wheeling and dealing his bank stock portfolio to match his knowledge gained as a member of [...]

STOCK Act Has Loophole That Could Allow Insider Trading By Congressional Spouses

By: Friday July 20, 2012 12:55 pm

CNN managed to do some news reporting outside of reading viewer Twitter feeds today, and they came up with a loophole in the STOCK Act that would render it fairly meaningless. If you remember, the STOCK Act was the bill that rocketed to passage after allegations of insider trading among members of Congress, using at [...]

Wall Street Analyst Views Used for Hedge Fund Insider Trading

By: Monday July 16, 2012 12:34 pm

The US Attorney’s office in Manhattan has been on a tear recently over insider trading, arresting and convicting several high-profile investors and making the issue a hallmark of criminal justice around the financial industry. But Preet Bharara will be busy for the rest of his life if he thinks he can clean up the markets [...]

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