Billionaire investor Raj Rajaratnam was arrested last month and charged with running the biggest insider trading scheme involving a hedge fund.
Two Bear Stearns executives who ran hedge funds that crashed in 2007 amid the subprime mortgage meltdown were acquitted Tuesday of lying to investors about the looming crisis on Wall Street.
The trial of two former Bear Stearns hedge fund managers has gone to the jury. Matthew Tannin and Ralph Cioffi are charged with securities fraud, wire fraud and conspiracy.
Federal prosecutors say criminal charges have been filed against 14 people, including attorneys and Wall Street professionals, in a widening $25 million insider trading case that has already snared one of the richest men in America.
Audio for this story from Morning Edition will be available at approx. 9:00 a.m. ET Bernard Madoff's longtime auditor pleaded guilty to securities fraud charges Tuesday, but said he did not know Madoff was running a Ponzi scheme.
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NEW YORK, NY November 09, 2009 —A jury in Brooklyn will begin deliberating today in the first criminal trial of Wall Street executives related to the subprime mortgage crisis.
WNYC's Amy Eddings hosts a daily overview of financial news at 4:30 weekdays which is available via podcast, with highlights from the day and a preview of what you can expect tomorrow.
NEW YORK, NY November 06, 2009 —Authorities have arrested seven more people in our area in a major anti-insider trading sweep, that began last month. WNYC's Ilya Marritz has the details.
SUSIE GHARIB: One of the biggest insider trading cases in years got even bigger today.
The French markets watchdog heard claims Monday that 17 current and former EADS aerospace executives saved themselves millions by exploiting insider knowledge of problems with the A380 superjumbo project. Full Article at The Age
MUMBAI/NEW DELHI: Capital market regulator, the Securities and Exchange Board of India (SEBI) has served an amended show cause notice (SCN) to Reliance Industries (RIL) in the case of alleged insider trading in shares of Reliance Petroleum, which has... Full Article at Economic Times
Amended notice asks why firm shouldn’t be barred from mkts. Full Article at Business Standard
Seventeen executives at Airbus parent company EADS went on trial Monday for allegedly making millions in profits on the back of their company's troubles with the delayed A380 superjumbo project. Full Article at AirportBusiness.com
HONG Kong regulators yesterday banned a former banker at one of Asia's top stock brokerages from the territory's financial industry for life after he was jailed for insider trading. Full Article at Shanghai Daily
Reliance Industries Ltd. has always abided by all rules and regulations of SEBI and hence, has neither violated any provisions of insider trading...
Reliance Industries Ltd has always abided by all the rules and regulations of SEBI and, hence, has neither violated any provision of insider trading nor acted in any manner so as to attract provisions under Section 11(i), 11 (B) and 11(4) of the SEBI Act, 1992
There is a difference in insider trading in Sri Lanka and the U.S. In Sri Lanka, that is the norm. But his family wouldn't stoop to these things
Between 2004 and November 2007, I along with several co-conspirators engaged in a conspiracy to commit securities fraud
The legal ban on insider trading is a relatively new thing ... The United States has been a leader in its prohibition of insider trading. It still has not spread completely over the world, but I think the perception of the wrongness of insider trading is something that has been evolving over the decades...