Sentences with phrase «of illegal insider trading»

In early 1987, the SEC conducted numerous investigations of illegal insider trading, which created a wary stance among many investors.

Not exact matches

For most of the stock market's history, buybacks were actually illegal — considered to be insider trading — the thought being that if you ran the company, you would have nonpublic information to know when to buy shares.

The indictment states that SAC has been charged «with criminal responsibility for insider trading offenses committed by numerous employees and made possible by institutional practices that encouraged the widespread solicitation and use of illegal inside information.»

Illegal insider trading is, roughly, trading on material nonpublic information that is disclosed to you «in breach of a fiduciary duty or other relationship of trust and confidence.»

Illegal insider trading generally refers to insider buying or selling a security, in breach of a fiduciary duty or other relationship of trust and confidence, while in possession of material, nonpublic information about the security.

The elder investment bankers are appalled that younger members of the fraternity who are already making $ 1 million a year, such as the convicted insider trader Dennis Levine of Drexel Burnham Lambert, are trying to make even more through illegal insider trading.

U.S. Attorney Preet Bharara applauded a new Supreme Court decision on insider trading, after the court found that a trading tip «gift» can be used by a secondary person and still be considered an illegal use of that information for personal benefit.

ALBANY, NY (AP)-- Former New York Attorney General Eliot Spitzer, who cracked down on insider abuses on Wall Street, said Wednesday that the new federal push against potential insider trading has the hallmarks of important work, if the innovative approach can prove the communication is illegal.

Manhattan U.S. Attorney Preet Bharara, whose office is engaged in a broad crackdown on insider trading, called the nine - year sentence «well - suited to the audacity of the illegal trading in this case.»

U.S. Attorney Preet Bharara applauded a new Supreme Court decision on insider trading on Tuesday, after the court found that a trading tip «gift» can be used by a secondary person and still be considered an illegal use of that information for personal benefit.

Recent headlines (including the indictment last year of a Columbia University scientist charged with disclosing confidential clinical trial results to a hedge fund, in breach of his consulting contract with the trial sponsor) demonstrate the danger of disclosing confidential information to an outside company, especially when the information might be used in connection with illegal insider trading.

Tags: Average Investor, Berkshire, Berkshire Hathaway, Billionaire, David Sokol, Eli Lilly, Hedge Fund, Illegal Tips, ImClone, Inside Information, Insider Trading, Investors, LLY, Lubrizoil, LZ, Martha Stewart, MBRG, Mergers, Merrill Lynch, Middleburg Financial, Mom and Pop, New York Stock Exchange, NonPublic Information, Raj Rajaratnam, Research, Rigged, Rotterdam School of Management, Rumors, Slam Dunk, Stock Market, Stock Trading Scandal, Trading Floor, Trading Secrets, Warren Buffett, Whisper

Illegal insider trading refers generally to buying or selling a security, in breach of a fiduciary duty or other relationship of trust and confidence, while in possession of material, nonpublic information about the security.

The SEC defines illegal insider trading as: -LSB-...] buying or selling a security, in breach of a fiduciary duty or other relationship of trust and confidence, while in possession of material,...

Trading based on insider knowledge is illegal, and even if it were possible, not enough investors would be privy to such non public information to make any significant impact on the overall returns of any stock.

Those with insider knowledge of Government decisions — able to place trades minutes, hours, or days before anyone else with that information in hand — have an unfair (hmmm, might one say illegal) advantage on Wall Street.

In Libby's case, he was convicted for perjury before a grand jury, not revealing CIA agent Valerie Plame's identity; in Stewart's case, she was convicted for obstruction of justice, not insider trading; and now, Bonds has been indicted for perjury, and not illegal use of narcotics or steroids.

The Supreme Court of Canada said Thursday that it will not hear appeals in two notable securities cases, one involving a proposed securities class action against BP and another involving a provincial securities commission enforcement action for illegal insider trading.

The OSC alleges Bay Street lawyer Mitchell Finkelstein co-operated with Paul Azeff and Korin Bobrow while they worked at CIBC World Markets Inc. to «engage in an illegal insider tipping and trading scheme over the course of a three - year period from November 2004 to August 2007.»

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But the Panel in Finkelstein emphasized that it could draw inferences based on circumstantial evidence, and that this kind of evidence could be sufficient to ground a finding that illegal insider trading and tipping occurred.

If indeed it is illegal to insider trade in crypto (it's illegal to wash trade — IE: drive up the prices by buying and selling at your own ridiculous prices to basically create a market where you can make tons of cash), this is really bad, but also very weird.

The Securities and Exchange Commission and the Department of Justice have both charged Jun Ying, a former CIO at data broker Equifax, with engaging in illegal insider trading after he determined that his employer had suffered a massive breach.