It’s been two decades since Michael Milken, a.k.a. the junk-bond king, pleaded guilty to securities fraud following a …
insider trading
Insider-Trading Scandal: Are the Feds Closing In on Billionaire Hedge-Fund Mogul Steven Cohen?
Billionaire hedge-fund titan Steven A. Cohen, one of the most high-profile and controversial Wall Street figures of the past decade, has been implicated in what federal officials are calling “the largest insider-trading case ever …
Has Facebook Jinxed the IPO Market for Everyone?
Facebook’s post-IPO meltdown has certainly been bad news for investors who got into the stock at its initial price — or higher. Is it also bad news for the IPO market as a whole?
‘Gordon Gekko’ Joins FBI Battle Against Wall Street Fraud
Gordon Gekko has apparently had a change of heart. Well, not exactly, but Michael Douglas, the actor who played the infamous corporate raider 25 years ago, has lent his “Wall Street” character to a new FBI campaign targeting …
Lawmaker Who Bet Against Markets Faces Insider Trading Probe
A powerful member of Congress is under investigation for possible insider-trading violations, following a series of reports detailing how lawmakers benefit from high-level information they receive during the course of their jobs. …
Insider Trading: Look Who’s Buying on Wall Street
Individual investors have learned this week that trying to predict the direction of the stock market is a fool's game. But there is one group of major league investors who may actually deserve our attention: CEOs and other …
Is Insider Trading Here to Stay?
SAC Capital Advisors, one of the world’s biggest hedge funds run by zillionaire Steven Cohen, is finally under the gun for insider trading, according to the Wall Street Journal.
The issue is over trades made in an account Cohen oversees, which were suggested by former fund managers of his who’ve already pleaded guilty to insider …
Buffett Scandal Could Have Been Worse: Sokol’s Other Trade
David Sokol, a former Berkshire Executive, resigned on Wednesday. (Mario Anzuoni/Reuters)
Warren Buffett’s Berkshire Hathaway trading scandal could have been a twofer.
It appears Lubrizol wasn’t the first time David Sokol, who was until his resignation yesterday a top executive at Berkshire and a leading contender to succeed Buffett, …
Will the Berkshire Hathaway Trading Scandal Taint Buffett?
Warren Buffett could be the latest Wall Street titan to have his reputation trashed.
On Wednesday, Buffett’s Berkshire Hathaway disclosed that David Sokol, one of the insurance company’s top executives, and until yesterday a possible Buffett successor, purchased $10 million in shares for his personal account of chemicals company …
A feel-good moment with hedge funds
Is it wrong to be relieved that some white-collar crime is still old-fashioned and easy to understand?
Today authorities arrested two people charged with trying to sell information about upcoming Disney earnings to hedge funds. According to the SEC complaint, Bonnie Jean Hoxie, an assistant to a Disney executive (who Dow Jones …
