U.S. financial regulators and federal prosecutors unveiled their biggest-ever insider case involving a hedge fund last week and similar cases may be announced in coming months, sources said on Monday.
IBM placed senior executive Robert Moffat on leave of absence after he was arrested in the largest ever hedge fund insider-trading scheme.
Billionaire hedge fund founder Raj Rajaratnam and executives from some of the most prestigious U.S. companies were charged on Friday with the largest hedge fund insider-trading scheme ever.
Billionaire hedge fund founder Raj Rajaratnam and executives from some of the most prestigious U.S. companies were charged on Friday with the largest hedge fund insider-trading scheme ever.
U.S. securities and futures regulators asked Congress on Friday for more authority to police their markets, including legislation to help rein in insider trading in the commodity futures markets.
The FBI announced Friday they have charged and arrested Galleon Group founder Raj Rajaratnam and five others in connection with a $20 million insider-trading case.
Galleon hedge fund partner Raj Rajaratnam and five others were charged with crimes including securities fraud and conspiracy involving insider trading that generated more than $20 million in profits, U.S. prosecutors and the FBI said on Friday.
Galleon Group founder Raj Rajaratnam and five others were charged with engaging in the largest ever hedge fund insider-trading scheme, generating profits of more than $20 million over several years, U.S. prosecutors, the FBI and the SEC said Friday.
Galleon hedge fund partner Raj Rajaratnam and five others were charged with crimes including securities fraud and conspiracy involving insider trading that generated more than $20 million in profits, U.S. prosecutors and the FBI said on Friday.
U.S. securities regulators said on Wednesday it will appeal a court decision dismissing its insider trading case against Dallas Mavericks basketball team owner Mark Cuban.
The U.S. Supreme Court said on Monday it rejected an appeal by former Qwest Communications International Inc Chief Executive Joseph Nacchio of his insider trading conviction on the grounds that he did not get a fair trial.
The U.S. Supreme Court said on Monday it rejected an appeal by former Qwest Communications International Inc Chief Executive Joseph Nacchio of his insider trading conviction on the grounds that he did not get a fair trial.
A Texas man accused of insider trading related to Dell Inc's planned purchase of Perot Systems Corp helped rescue two American hostages from Iran in 1979, the Wall Street Journal said on its website.
Former Morgan Stanley managing director Du Jun was sentenced to a maximum seven years in jail on Friday after a district court found him guilty of insider trading in the city's highest-profile case of its kind.
Former Morgan Stanley managing director Du Jun was found guilty of insider trading by a Hong Kong court on Thursday, in the city's highest-profile insider trading case.
The two main U.S. regulators policing the securities and futures markets were urged on Thursday to align their rules for ferreting out fraud, protecting investors and punishing wrongdoers.
The two main U.S. regulators policing the securities and futures markets were urged on Thursday to align their rules for ferreting out fraud, protecting investors and punishing wrongdoers.
A former Bear Stearns Cos hedge fund manager facing an insider trading charge routinely ignored warnings of potential conflicts of interest, and was rebuffed when he tried to pledge some money toward a loan to build a luxury Florida condominium, prosecutors said.
Exchange watchdogs made dozens of referrals to U.S. securities regulators about the once prominent hedge fund Pequot Capital Management, the chairman of the Securities and Exchange Commission said in a letter revealed on Monday.
Pequot Capital Management Inc, once a prominent hedge fund firm, has been named dozens of times in private reports that alerted U.S. financial regulators to possible insider trading or other misconduct, according to Bloomberg News.
Ex-Qwest Chief Executive Joseph Nacchio could get his six-year prison sentence and $52 million penalty for insider trading reduced, after an appeals court said on Friday he was improperly sentenced.
A U.S. court judge threw out an insider trading case against Dallas Mavericks basketball team owner Mark Cuban on Friday, but gave the U.S. Securities and Exchange Commissions a month to file an amended lawsuit.
