Insider trading

Ex-trader admits threatening to kill regulators

A former commodities trader pleaded guilty on Monday to threatening to kill more than 40 financial regulators, including the heads of the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission.

Mark Cuban loses a defense in SEC insider suit

Mark Cuban, the billionaire owner of the Dallas Mavericks basketball team, suffered a legal setback on Monday when a Dallas federal judge threw out one of his defenses in a Securities and Exchange Commission insider-trading lawsuit.

New date of September 27 for Rajaratnam sentencing

Convicted Galleon hedge fund founder Raj Rajaratnam will be sentenced on September 27, a federal judge ordered on Thursday, postponing the proceeding from July 29 in the biggest insider trading case of a generation.

Thirty months in prison for lawyer in Galleon case

Arthur Cutillo, a former lawyer with the well-known Ropes & Gray law firm who admitted leaking corporate secrets in exchange for $32,500 in cash, was sentenced on Thursday to 2-1/2 years in prison for his part in a sweeping insider trading case.

Three NY ex-traders convicted on insider trading charges

Three former securities traders were convicted on Monday on all counts of fraud and conspiracy to commit insider trading on pending mergers, in another victory for prosecutors in their probe of suspicious trading on Wall Street.

At insider trial, defense attacks witness' drug use

A defense lawyer for a technology consultant who faces insider trading charges tried to shatter the credibility of a key prosecution witness, citing his disoriented romp on a San Francisco street after a bad drug experience.

Ex-Primary Global executive to plead guilty: lawyer

A former employee of a so-called expert network firm is expected to plead guilty to charges of conspiring with others to leak corporate secrets to hedge funds in exchange for money, part of a broad U.S. crackdown on insider trading.

Goldman Sachs shareholder sues ex-director Gupta

A Goldman Sachs Group Inc shareholder sued Rajat Gupta, a former director of the investment bank, over trades revealed in civil and criminal insider trading cases against Gupta and convicted Galleon hedge fund founder Raj Rajaratnam.

SAC faces insider trading probe on MedImmune: report

SAC Capital Advisors LP faces an insider trading probe from the U.S. Securities and Exchange Commission related to the $15 billion takeover of biotechnology firm MedImmune Inc, the Wall Street Journal reported, citing people familiar with the matter.

Sen. Grassley investigating SAC Capital trades

Senate Judiciary Committee head Charles Grassley is investigating possible insider trading at SAC Capital Advisors LLP, highlighting increased public scrutiny of potential wrongdoing by hedge funds.

U.S. senator investigating SAC Capital: report

SAC Capital Advisors LLP is under investigation by a powerful U.S. Republican Senator for 20 possible instances of insider trading, the Wall Street Journal reported on Saturday, citing unnamed sources familiar with the situation.

Insider trading trial defendants attack government case

A former Galleon hedge fund trader on trial for insider trading waded into the river of gossip of Wall Street for tips and speculation, not secrets leaked by corporate lawyers as the government charges, his lawyer told a jury on Wednesday.

Insider trial jurors asked about Rajaratnam, bias

In a trial of three New York securities traders on insider trading charges, several jurors told the judge on Tuesday they could consider the case separately and impartially from last week's conviction of high-profile Galleon Group hedge fund founder Raj Rajaratnam.

Judge rejects insider trading trial delay

A judge on Friday rejected an indicted securities trader's request to postpone his insider trading trial because of the broadly publicized conviction of hedge fund manager Raj Rajaratnam in the same New York court.

SEC eyes charges against mortgage bond players: report

Settlement agreements being hammered out by securities regulators and securities firms accused of fraud in mortgage bond deals are likely to include civil charges against at least one person connected to each deal, the Wall Street Journal said, citing people familiar with the matter.

Feds get guilty plea in expert network insider probe

On the same day that a jury convicted hedge fund manager Raj Rajaratnam, federal prosecutors notched another victory when a former account manager at a semiconductor company, Manosha Karunatilaka, pleaded guilty to charges of insider trading.

SAC's Cohen says firm cooperating with probe

Hedge fund manager Steven A. Cohen, whose SAC Capital Advisors has drawn scrutiny from prosecutors probing insider trading, said his firm has and will cooperate with all government investigations.

Sweeping guilty verdict against Rajaratnam

Galleon Group hedge fund founder Raj Rajaratnam was found guilty of 14 securities fraud and conspiracy charges on Wednesday, in a vindication for the government's use of aggressive tactics in prosecuting insider trading on Wall Street.

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