Insider trading accusations can result in serious penalties, but several defenses can challenge these charges. Knowing these defenses can help navigate the complexities of insider trading cases. Lack of material nonpublic information One of the primary defenses is...
SAC Capital is a hedge fund giant based in Connecticut. The company has been the source of a growing investigation into securities fraud based on insider trading. A 40-year-old portfolio manager was arrested this week and has been charged with conspiracy and...
With the massive resources available to the FBI and Department of Justice, it should come as no surprise that federal authorities are opening a big new door in their search for fraud cases. Reuters is reporting that the FBI is focusing a new investigative effort on...
Steven Cohen and his legendarily successful firm, SAC Capital Advisors, have attracted attention from government agencies for years. As the Wall Street Journal reported, "regulators have suspected that [Cohen's] success partly stemmed from insider trading." SAC...
This is the second post covering an ongoing trial that accuses two financial professionals of using insider information to illegally earn $67 million in profits. The last post briefly explained insider trading charges and this one will look at the use of wiretap...
A massive criminal prosecution is going to trial this week in a case that started two years ago with the FBI's raids on several prominent hedge funds. Authorities are accusing two fund co-founders of earning more than $67 million by engaging in illegal insider...
Another hedge fund manager with ties to the Galleon Group has been charged for illegally profiting from inside information. The white collar criminal charges carry a potential prison sentence of 25 years. Allegedly, the man was given earnings information and other...
Insider trading is illegal, even for members of Congress. Existing white collar crime laws likely already included members of Congress, but the Senate acted to make that clear this week by passing the Stop Trading on Congressional Knowledge (STOCK) Act. The act passed...
