Kim Schmitz, founder of Megaupload and otherwise known by his alias Kim Dotcom, was arrested by the Department of Justice Thursday for content piracy and losses to copyright owners that amount to $500 million. Schmitz was found by police in his New Zealand mansion's safe room, with what looked like a sawed-off shotgun Detective Inspector Grant Wormald said.
Federal authorities announced at a press conference on Wednesday that seven individuals were brought up on insider trading charges as part of a five-year investigation conducted by the Justice Department.
The years-long delay in bringing three former Nortel Networks executives to trial for fraud has reinforced Canada's well-earned reputation as a laggard in markets enforcement, particularly when compared with the United States, its critics say.
David Kotz, the inspector general at the Securities and Exchange Commission who has a reputation as a tough watchdog, is leaving the agency at the end of January, the SEC said on Tuesday.
The founders of engineering and construction firm Jaiprakash Associates said they would challenge an order by the Securities and Exchange Board of India (SEBI), India's capital market regulator, penalising them on insider trading charges.
A New York federal judge on Thursday damped hopes that he would throw out government wire tap evidence in the insider trading trial of Rajat Gupta, a former board member of Goldman Sachs and Procter & Gamble .
The SEC is employing a host of new techniques in order to catch Wall Street crooks.
The top after-market NASDAQ Stock Market gainers are: Research In Motion, FSI International, Cintas, Suffolk Bancorp, and Westell Technologies. The top after-market NASDAQ Stock Market losers are: Oracle, L & L Energy, Columbia Laboratories, Epoch Investment Partners, and Autodesk.
Tracy Postert, a former Occupy Wall Street protester, accepted a job offer to join a Wall Street firm.
Insider trading by federal lawmakers is unlawful, but "distinct legal and factual issues" may arise and make the investigation or prosecutions difficult to proceed. However, any statutory changes on insider trading should be "carefully calibrated" to ensure they do not narrow current law, a top Securities and Exchange Commission official warned Tuesday.
Raj Rajaratnam, 54, the founder of the Galleon Group and a hedge fund multimillionaire, began his 11-year prison sentence at a former military base, near the town of Ayer, Massachusetts.
Raj Rajaratnam, the man who was convicted of massive insider trading scheme, will begin his 11 year prison sentence on Monday.
Insider trading by members of Congress is a clear problem, but fixing it may prove difficult.
A year after four hedge funds were raided as part of a sweeping probe into insider trading, agents are ready to arrest as many as three people who worked at the raided funds, sources familiar with the investigation told Reuters.
Following are the stocks trading on Nasdaq that touched 52-week low on Nov. 29. The new 52-Week high indicates a stock is trading at its lowest price in the past 52 weeks. This is an important indicator for many investors in determining the current value of a stock or predicting a trend in a stock's performance.
Justices hear case that could affect the statute of limitation for filing certain insider trading claims.
Both parties' House leaders, Speaker John Boehner, R-Ohio, and Minority Leader Nancy Pelosi, D-Calif., are among several lawmakers who profited from transactions that raised possible of conflicts of interest, according to a report on CBS' 60 Minutes.
A '60 Minutes' investigation claims several members of Congress may have made investment decisions based on insider information.
Rajat Gupta, former Goldman Sachs director and former head of McKinsey & Co, will surrender to the FBI on Wednesday to face criminal insider trading-related charges, a person familiar with the investigation said.
Raj Rajaratnam has broken his silence in an interview with Newsweek.
The Securities and Exchange Commission is warning staffers their personal brokerage-account information may have been compromised, after it uncovered security flaws with an ethics-compliance program.
Sri Lankan-born Hedge fund tycoon Raj Rajaratnam was sentenced to 11 years in prison for the biggest hedge fund insider trading case in the U.S., but the verdict was not as stringent as legal circles had predicted.
