Federal authorities are investigating David Loeb, a managing director of Goldman Sachs Group Inc, as part of an insider trading probe focusing on technology stocks and the company's hedge fund clients, the Wall Street Journal reported on Wednesday, citing people close to the matter.
China will soon publish precise definitions of what constitutes insider trading that would make it easier to prosecute and punish illegal traders, the New Century magazine reported on its website, citing sources with knowledge of the situation.
Michael Douglas has reprised his Oscar-winning role as Gordon Gekko for a public service announcement from the FBI about insider trading. If a deal looks too good to be true, it probably is, Douglas says in the spot, which debuted on CNBC and Bloomberg Television.
WikiLeaks released over 5 million emails hacked from U.S.-based global intelligence firm Strategy Forecasting, Inc. (Stratfor), revealing an alleged plan between the firm's CEO and a Goldman Sachs executive to set up an investment fund that would rely on inside information gathered by the company.
Carlson Capital, a hedge fund based in Dallas, said on Friday that one of its former portfolio managers had received inside information from a industry consultant who has been arrested and charged with illegally passing on inside information.
A research analyst who made waves by refusing to cooperate in the government's broad insider-trading probe was charged with illegally passing tips he gleaned from technology company insiders to hedge funds.
A U.S. market regulator is for now dropping insider trading cases against three Swiss asset managers, despite accusations that two of the defendants improperly thwarted its investigation, including by throwing out a BlackBerry.
The Office of Congressional Ethics is looking into whether Rep. Spencer Bachus, chair of the House Financial Services Committee, violated insider trading laws and used his public office for private gain.
The House of Representatives on Thursday overwhelmingly passed new curbs on insider trading by lawmakers and other government officials despite complaints from Democrats and some Republicans that key anti-corruption provisions were dropped.
U.S. market regulators charged a former employee of Takeda Pharmaceutical Co Ltd with making $63,000 in illegal profits on inside information about the company's 2008 agreement to acquire Millennium Pharmaceuticals Inc.
Canadian securities regulators on Tuesday implicated mining executive Ian Telfer in an alleged insider trading scheme, saying he helped the main defendant in the case disguise her illegal trading activities.
Canadian securities regulators on Tuesday implicated mining executive Ian Telfer in an alleged insider trading scheme, saying he helped the main defendant in the case disguise her illegal trading activities.
Rajat Gupta, a former director of Goldman Sachs and Procter & Gamble who is the highest-ranking executive charged in a U.S. crackdown on insider trading, could face additional allegations, a federal prosecutor said on Tuesday.
The indictment of Kim Schmitz aka Kim Dotcom, the founder of the video locker service MegaUpload, on charges including criminal copyright infringement and conspiracy to commit money laundering, has raised a significant amount of public interest in his rather epic lifestyle.
The United States Senate on Thursday passed the 'Stop Trading on Congressional Knowledge' (STOCK) Act, which will ban lawmakers from trading stocks based on the information they have gathered while performing their Congressional duties.
Federal prosecutors expanded their insider trading case against former Goldman Sachs Group Inc director Rajat Gupta on Tuesday, saying the illegal activity lasted longer and involved more trades than alleged.
Federal prosecutors expanded their insider trading case against former Goldman Sachs Group Inc director Rajat Gupta on Tuesday, saying the illegal activity lasted longer and involved more trades than alleged.
Sen. Tom Coburn, who was one of two votes against an insider trading law aimed at lawmakers, said the real inside trading that sours Americans on Congress is the political horse trading on legislation.
The names of a top executive at Berkshire Hathaway Inc. and a board member at Goldman Sachs Group Inc. surfaced on Friday as potential witnesses in the insider-trading trial of Rajat Gupta, a former director of Goldman, the Procter & Gamble Co., and other companies.
The Megaupload founder is currently charged with earning millions in illegal profits from web sites like Megavideo.com. But to his old neighbors, Kim Dotcom is something else: the man who sent them an email joking about cocaine use, infiltrating their families, and hacking into their email accounts.
With Congressional approval ratings mired at historic lows, Obama has increasingly sought to bolster his re-election chances by criticizing Congress as ineffective and paralyzed by runaway partisanship. He invoked that theme in the State of the Union address.
Kim Dotcom, the founder of file-sharing site Megaupload.com who faces a lengthy jail term in the United States if convicted of racketeering, money laundering and Internet piracy, seems to have a mischievous sense of humor.
