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Study Finds That Politically Connected Firms Outperformed Rivals During Financial Crisis
Wednesday, February 14, 2018 - 12:40pm | 344A joint study between the University of Cambridge and Stanford University came to a conclusion that could negatively impact Main Street's trust in Wall Street. What You Need To Know Economists at the two universities found "strong evidence" that a relationship exists between...
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Insider Action Alert: Insider Buys Drive Aevi Genomic Shares Up 30%
Thursday, October 19, 2017 - 2:19pm | 405Medgenics Inc (NASDAQ: GNMX), which recently changed its official name to Aevi Genomic Medicine, was seen up 28.3 percent Thursday after a new SEC filing revealed that seven company insiders, including CEO Michael Cola, have been buying shares of the company’s stock. Together, the seven...
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How To Trade Like A Nobel Prize Winning Economist
Tuesday, October 17, 2017 - 10:28am | 396The Nobel Prize winner in economics doesn’t deal in immaterial theory. He knows the markets intimately. Behavioral economist Richard Thaler is an adviser at Fuller & Thaler Asset Management, whose $5.8 billion Undiscovered Managers Behavioral Value Fund has far outperformed the SPDR S...
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Why You Should Pay Attention To Insider Transactions
Saturday, April 15, 2017 - 11:22am | 436Potentially investing thousands of hard-earned dollars in a stock can be a very difficult decision for the average American. It’s always difficult to trust company management because part of their job is to put a positive spin on the company’s business. Prior to every bankruptcy filing...
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Preet Bharara Refused To Resign As Federal Prosecutor, So President Trump Fired Him
Monday, March 13, 2017 - 9:08am | 446Preet Bharara, a notable federal prosecutor in Manhattan who gained notoriety for investigating cases of insider trading, was fired over the weekend. As has become the norm when a new president enters the White House, the President requested federal prosecutors appointed by the prior administration...
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'Black Edge': New Book Tells The Hedge Fund Story Everyone Wants To Know
Thursday, February 9, 2017 - 4:38pm | 451If you thought history couldn’t be interesting, read Sheelah Kolhatkar’s “Black Edge.” If you thought the esoteric world of finance couldn’t be interesting, you should also read “Black Edge.” The tale of American corruption and the nation’s most...
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Leon Cooperman Could Have Been Forced Out Of The Hedge Fund Industry As Part Of An SEC Settlement
Thursday, October 13, 2016 - 9:04am | 384The U.S. Securities and Exchange Commission charged billionaire hedge fund manager Leon Cooperman with insider trading in September. The notable and well respected fund manager is accused of buying additional shares of Atlas Pipeline Partners ahead of the company's decision to sell its operating...
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The Case That Has The U.S. Supreme Court Considering Insider Trading For The First Time In 20 Years
Thursday, October 6, 2016 - 9:47am | 392The U.S. Supreme Court is hearing an insider trading case, Salman v. United States, in which Bassam Salman was convicted of trading on private information he may have received from an extended family member whose brother worked at Citigroup. Is this consider insider trading? As noted by Business...
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Federal Prosecutors Continue Investigating Insider Trading Cases
Thursday, June 23, 2016 - 1:36pm | 285U.S. Attorney Preet Bharara is known for going after big names accused of wrongdoing on Wall Street. According to Reuters, he is now pursuing cases "on a pace not seen since 2012" when 17 people were charged with insider trading. Bharara is the U.S. Attorney for the Southern District of...
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SEC Just Filed A Complaint Against Phil Mickelson For Insider Trading
Thursday, May 19, 2016 - 11:23am | 234Phil Mickelson is famous for his dozens of PGA Tour event wins, including five major championships. However, Mickelson has a reputation of also being a gambler which may have landed him in hot water. According to Reuters, U.S. authorities charged an ex-Chairman of Dean Foods Co (NYSE: DF) and a...
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Zillow, Prospect Capital Lead List Of Notable Insider Transactions Last Week
Monday, February 29, 2016 - 4:14pm | 359Zillow Group, Inc.-Class C (NASDAQ: Z), Hasbro, Inc. (NASDAQ: HAS), Lear Corporation (NYSE: LEA) and Prospect Capital Corporation (NASDAQ: PSEC) were among the key insider transactions last week. Director Jay Hoag acquired 2,269,337 shares of Zillow, a real estate information provider, paying $19....
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Finals Shape Up, Ballmer's Buy: Sports Business Wrap For The Week
Sunday, June 1, 2014 - 7:54pm | 476Top Stories Ballmer Buys Clippers Former Microsoft CEO Steve Ballmer reached an agreement to purchase the Los Angeles Clippers. His bid of $2 billion is three time larger than any previous sale of an NBA franchise. The sale must still be approved by the NBA Board of Governors. Donald...
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Wynn Can't Hide: Shares Drop Amid Insider Trading, Terminal Deadline
Wednesday, May 14, 2014 - 4:56pm | 335Shares of Wynn Resorts, Ltd. (NASDAQ: WYNN) have been rather volatile this week amid the announcement of terminal deadlines and insider trading. Macau Casinos Given Deadline for UnionPay Terminals On May 8, South China Morning Post reported that Beijing will work to shutdown the illegal use of...
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Mark Cuban Acquitted of Insider Trading
Thursday, October 17, 2013 - 7:38am | 440It’s finally over for Mark Cuban. The billionaire entrepreneur and owner of the Dallas Mavericks was cleared of insider trading Wednesday after a multi-year battle with the SEC. Cuban was acquitted in a federal district court in Dallas. The jury, nine members who deliberated for only a couple...
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SAC Capital Indicted By New York Federal Court For Wire Fraud and Securities Fraud
Thursday, July 25, 2013 - 12:38pm | 512It's finally happened: SAC Capital, the legendary hedge fund run by Steven A. Cohen, has been charged in a New York federal court for one count of wire fraud and four counts of securities fraud. The wire fraud arises from the use of insider information to dupe investors out of fees while the...