360° Coverage : On Witness Stand, Former Analyst Describes Insider Trading Scheme

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On Witness Stand, Former Analyst Describes Insider Trading Scheme

Source: Dealbook, Nov 16 2012, 9:19am CST

Mike Segar/Reuters and Charles Krupa/Associated PressAnthony Chiasson, left, a co-founder of the Level Global Investors hedge fund, and Todd Newman, once a portfolio manager. In 2008, Jesse Tortora, a junior tech-stock analyst, made $2.25 million, ...

Continue reading on: Dealbook

 
 
Update
10

6 hours ago

How to Get Away with Insider Trading

Source: Blueprint for Financial Prosperity  |   May 20 2013, 6:06am CDT

Insider trading has been doing on ever since the stock market existed. Everyone is looking for an edge and no one is willing to play fair. Martha Stewart did it and was treated to several months in one of our nati ...

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Update
9

11 hours ago

Phoenix Buys Mutual Funds From Zweig - New York Times

Source: Maoxian  |   May 20 2013, 1:27am CDT

Phoenix Investment Partners agreed today to buy the mutual-fund business run by Martin Zweig for as much as $164 million in cash. Phoenix, the 10th-largest publicly traded money manager, said it would pay Mr. Zweig, who is known for populari ...

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Update
8

26 weeks ago


Quote:
"You made stuff up, didn’t you?"


Source: Dealbook

 

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Click ASCII Image to Reveal Celebrity

 
Update
7

13 hours ago

SAC Capital's Cohen gets subpoena to testify: NY Times

Source: Hartford Courant  |   May 19 2013, 11:43pm CDT

(Reuters) - Steven A. Cohen has received a subpoena to testify before a grand jury in a U.S. government insider trading investigation into his hedge fund SAC Capital Advisors, the New York Times reported, citing lawyers and executives briefed on ...

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6

15 hours ago

Hedge Fund Owner Gets Subpoena to Testify

Source: Dealbook  |   May 19 2013, 9:14pm CDT

Steven A. Cohen has received a subpoena to testify before a grand jury in the government’s insider trading investigation into his hedge fund, SAC Capital Advisors, a development that signals a newly aggressive phase in the multiyear inquiry, ...

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5

18 hours ago

Trial of Petters associate to open Monday

Source: Minneapolis Star Tribune  |   May 19 2013, 6:13pm CDT

The federal trial of the last foreseeable defendant in Minnesota’s largest criminal fraud begins Monday. James Fry, a dentist-turned-hedge-fund-manager from Spring Park, faces 12 counts accusing him of securi ...

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Recommended

 
Update
4

2 days ago

Former BMO Analyst to Pay C$1.2 Million to Settle Insider-Trading Charges

Source: FOX Business  |   May 17 2013, 5:24pm CDT

A former investment-banking analyst at a unit of Bank of Montreal (BMO) agreed to pay a total of 1.2 million Canadian dollars ($1.2 million) among other penalties to settle insider-trading charges, as Canada's bigges ...

Continue reading on: FOX Business  More like this

 
Update
3

2 days ago

SAC Capital won't fully cooperate with government: letter

Source: Reuters Mobile  |   May 17 2013, 5:04pm CDT

NEW YORK (Reuters) - Steven A. Cohen's hedge fund SAC Capital Advisors told investors on Friday it would no longer cooperate "unconditionally" with the U.S. government's insider trading investigation. In a brief letter to investors, the $15 billion ...

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2

2 days ago

DealBook: SAC Says It Is No Longer Cooperating With Insider Trading Investigation

Source: The New York Times  |   May 17 2013, 3:10pm CDT

SAC Capital Advisors, the hedge fund owned by the billionaire investor Steven A. Cohen, told its investors on Friday that it was no longer cooperating with the government’s insider trading investigation. “In the past we have ...

Continue reading on: The New York Times  More like this

 
Update
1

2 days ago

OSC orders former BMO analyst to pay $1.2-million for insider trading

Source: Globe and Mail  |   May 17 2013, 2:19pm CDT

A former BMO Nesbitt Burns Inc. investment banking analyst has been ordered to pay almost $1.2-million in penalties after he admitted he engaged in illegal insider trading by buying shares of companies in advance of takeover deals. T ...

Continue reading on: Globe and Mail  More like this

 
 
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