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Elliott Management Secures Stake In Warren Buffett-Backed Sumitomo Corp
Monday, April 29, 2024 - 7:25am | 626Elliott Management Corp. has acquired a significant stake in Sumitomo Corp., a Japanese trading company favored by Warren Buffett. What Happened: The activist investment group’s stake is reportedly worth “several tens of billions of yen,” translating to a 0.2% stake in Sumitomo...
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Top Five Rogue Traders of All Time
Tuesday, November 1, 2011 - 12:13pm | 1623There have been many egregious acts that have taken place throughout the history of the stock market – price manipulation, insider trading, ponzi schemes, securities fraud, etc., etc. It is hard to believe that in an industry with so much regulation and oversight such devious acts can occur....