INSIDER TRADING

Silicon Valley culture ripe for insider trading

Insider trading charges buffeting the technology industry have laid bare what people who work in Silicon Valley already know: leaks happen, and even the smallest morsel of information is a treasured commodity.

SEC charges uncle, nephew with insider trading

The Securities and Exchange Commission charged a Maryland business consultant and his uncle with insider trading, saying they used codes from the 1987 movie Wall Street to try to hide their scheme.

U.S. sends more subpoenas in insider trading probe

Federal authorities have expanded an investigation into insider trading on Wall Street, bringing to more than one dozen the number of subpoenas sent to hedge funds and other investment firms over the past two weeks, people familiar with the inquiry said.

Broadband's Kinnucan gets subpoena in probe

John Kinnucan, the owner of an independent research firm that has been implicated in a major insider trading investigation, said he received a subpoena on Friday morning to provide federal prosecutors with documents dating back to January 2008.

Authorities scan healthcare deals: report

Trading activity around a number of healthcare deals is being examined by the U.S. authorities as part of investigations into suspected insider trading by certain hedge fund players, the Wall Street Journal said, citing people familiar with the matter.

FBI cracks down on insider trading, raids hedge funds in three states

The Federal Bureau of Investigation (FBI) stormed into offices of three large hedge funds in New York, Connecticut and Massachusetts and seized documents in a string of raids that is being billed as a crackdown on insider trading by hedge funds, mutual funds and investment bankers.

Ex-hedge fund manager charged with insider trading

A former hedge fund manager has been accused by a U.S. regulator of illegal insider trading in MedImmune Inc securities prior to the acquisition of the pharmaceutical company by Britain's AstraZeneca Plc.

SEC probes BP potential insider trading: sources

U.S. securities regulators are investigating whether people may have illegally profited from trading on nonpublic information at BP Plc in the weeks and months following the disastrous Gulf of Mexico oil spill, two sources familiar with the investigation said on Monday.

SEC charges Wyly brothers with $550 million fraud

The Securities and Exchange Commission charged the billionaire Samuel Wyly and his brother Charles with fraud for reaping more than $550 million of illicit gains by trading stock in four companies while they were serving as directors.

Rajaratnam assails wiretaps in signature U.S. case

Galleon Group hedge fund founder Raj Rajaratnam is making an all-out legal assault to get the first wiretaps used in a widespread probe of insider trading on Wall Street thrown out, but legal experts doubt the defendant will succeed.

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Ex-IBM exec in Galleon case repentant: report

Former IBM Corp executive Robert Moffat, who admitted to charges of insider trading in the Galleon hedge fund probe, told Fortune magazine that his affair with co-defendant Danielle Chiesi was more about business than sex.
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SEC pays $755,000 to settle with fired staffer

The U.S. Securities and Exchange Commission on Tuesday agreed to pay $755,000 to a former staff attorney who was fired while he was probing possible insider trading at a prominent hedge fund.
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Two charged with Disney insider trading plot

A Walt Disney Co employee and her boyfriend have been charged with a brazen insider trading scheme in which they said the media conglomerate was in advanced talks to sell its ABC TV network.
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FBI arrests two on Disney insider trading charges

A Walt Disney Co employee and her boyfriend have been charged with an insider trading scheme in which they said Disney was in advanced talks to sell its ABC network -- a claim that Disney said was false.
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Disney says ABC sale claim by insider trader false

A Walt Disney Co employee and her boyfriend have been charged with trying to sell insider information to over 30 hedge funds, including a tip Disney was in advanced talks to sell its struggling ABC television network -- which Disney said was false.
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Insider charges in Disney case raise ABC sale hopes

A Walt Disney Co employee and her boyfriend have been charged with trying to sell insider information to over 30 hedge funds, including a tip that the media and consumer giant was in advanced talks to sell its struggling ABC TV network.
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