Feb 22, 2017
The fictional TV drama honors moral ambiguity. The same can't be said for a book about the real fight between a prosecutor and a hedge-fund titan.Proceed to the page: http://linkis.com/lpP5N
In her new book Black Edge: Inside Information, Dirty Money, and the Quest to Bring Down the Most Wanted Man on Wall Street, author Sheela Kolhatkar
According to a Bloomberg investigation, the general counsel for Steven Cohen’s infamous investment firm oversaw some of the Trump transition team’s staff picks for the Justice Department in November. Cohen’s firm, SAC Capital, was the subject of one of the biggest insider trading investigations in...
Steve Cohen’s former hedge fund agreed to pay $135 million to shareholders of Elan Corp. to settle claims that the fund’s alleged insider trading caused them to lose money. The shareholders claimed that SAC Capital used insider information to trade shares in the pharmaceutical company — now...
Ruling in its first insider-trading case in two decades, the justices unanimously said that people can be sent to prison for making trades even when the insider who provided the tip wasn’t trying to make money. The court said it’s enough if the insider gave the information as a gift.
Back in 2012, amid "intense pressure from Obama" including an appeal for its passage in his 2012 State of the Union address, Congress passed the Stop Trading on Congressional Knowledge (STOCK) Act (with 96-3 theatrical votes in the Senate, and 417-2 even more theatrical votes in the House) - a bill...
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