A former Nasdaq OMX Group Inc executive was sentenced Friday to 3-1/2 years in prison after pleading guilty for making hundreds of thousands of dollars by trading on confidential information.
IBT Staff Reporter
Aug 12, 2011
The U.S. Securities and Exchange Commission (SEC ) is now looking into potential insider trading by Standard & Poor's employees before the rating agency's decision to downgrade the U.S.'s long-term debt, according to Financial Times.
John Talty
Aug 12, 2011
The U.S. Securities and Exchange Commission (SEC) has asked rating agency Standard & Poor's (S&P) to disclose which employees knew of its decision to downgrade U.S. debt before it was announced last week, the Financial Times said, citing people familiar with the matter.
keep for now
Aug 12, 2011
Prosecutors asked a federal judge to sentence Raj Rajaratnam to as much as 24-1/2 years in prison, calling the Galleon Group hedge fund founder arguably the most egregious violator of insider trading laws ever to be caught.
IBT Staff Reporter
Aug 10, 2011
Raj Rajaratnam, the Galleon Group hedge fund founder convicted of insider trading in May, asked a federal judge to impose a sentence substantially below what U.S. guidelines recommend, saying a long prison term would be tantamount to a death sentence.
IBT Staff Reporter
Aug 09, 2011
Playboy Enterprises, which pioneered print adult entertainment with Playboy magazine, has partnered with one of the largest names in pornography's online industry -- Manwin.
Ann Suh
Aug 05, 2011
Former Baltimore Orioles third baseman Doug DeCinces agreed to pay $2.5 million to settle insider trading charges filed by the U.S. Securities and Exchange Commission Thursday.
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Aug 05, 2011
Former Goldman Sachs Group Inc director Rajat Gupta and the U.S. Securities and Exchange Commission are dropping litigation against each other stemming from the sprawling federal insider trading probe.
IBT Staff Reporter
Aug 04, 2011
A former Major League baseball player and three others were charged and fined by the SEC on Thursday for their insider trading in 2009.
John Talty
Aug 04, 2011
A former expert-networking executive arrested as part of a government insider trading probe asked a New York judge on Monday to throw out wiretap evidence four weeks before his trial is to begin.
IBT Staff Reporter
Aug 01, 2011
For more than three years, U.S. securities regulators investigated allegations of accounting fraud at a small telecom firm called China Voice Holding Corp, but could not make a case.
keep for now
Jul 27, 2011
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.
IBT Staff Reporter
Jul 18, 2011
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.
IBT Staff Reporter
Jul 18, 2011
The top pre-market NASDAQ Stock Market gainers are: Hutchinson Technology, SodaStream International, Cytori Therapeutics, Ariad Pharmaceuticals, and Yahoo!. The top pre-market NASDAQ Stock Market losers are: Zalicus, DragonWave, Aixtron, OmniVision Technologies, and WPP.
Balasubramanyam Seshan
Jul 06, 2011
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.
IBT Staff Reporter
Jun 30, 2011
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.
IBT Staff Reporter
Jun 30, 2011
Perhaps the time has come to turn the page on Warren Buffett's leadership role
David Magee
Jun 24, 2011
About eight people besides a Taiwan-born technology consultant who is on trial for insider trading provided stock tips to Barai Capital Management, a former employee of the hedge fund testified on Tuesday.
IBT Staff Reporter
Jun 14, 2011
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.
IBT Staff Reporter
Jun 13, 2011
Three former securities traders were found guilty on Monday of fraud and conspiracy to commit insider trading on pending mergers, part of the U.S. government's broad probe of corporate secrets leaked to hedge funds.
IBT Staff Reporter
Jun 13, 2011
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.
IBT Staff Reporter
Jun 07, 2011
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.
IBT Staff Reporter
Jun 07, 2011
