INSIDER TRADING

SEC Probing Trades Before S&P Downgrade of U.S.: Report

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Securities regulators have sent subpoenas to hedge funds and other trading firms in a probe of possible insider trading before the U.S. government's long-term credit rating was cut last month, the Wall Street Journal said, citing people familiar with the matter.
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Sarah Palin: Glenn Rice, Cocaine, an Affair -- Can She Ever 'Refudiate' the Claims?

Finding the truth in the fast-developed Sarah Palin scandals involving claims that she A) had sex with Miami Heat star Glen Rice in the 1980s, B) snorted cocaine from a 55-gallon drum years ago while snowboarding with her husband, Todd, and friends, C) had an affair with her husband's business partner for six months, and D) smoked pot in college with a professor, is easier than it seems.
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Rating the Rating.

SEC Investigation of S&P: Could be Bad Move for Obama

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.
The Standard and Poor's building is seen in New York

SEC investigating S&P's downgrade of U.S. debt: report

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.

Ex-hedge fund manager pleads guilty to insider trading charges

Former hedge fund manager Donald Longueuil has pleaded guilty to conspiracy and securities fraud charges arising from an insider trading scheme in which he obtained and traded on material, non-public information, Preet Bharara, the United States Attorney for the Southern District of New York, said.
Galleon hedge fund founder Rajaratnam departs federal court in New York

Courtroom showdown in Galleon trading probe

A sweeping insider trading case that shook the hedge fund world is finally set for trial, with onetime billionaire Raj Rajaratnam fighting to stay out of prison in a courtroom drama over corporate secrets, tapped telephones and friends-turned-government witnesses.
Goldman Sachs Chairman and CEO Lloyd Blankfein is sworn in before testifing at Senate Homeland Security and Governmental Affairs Investigations Subcommittee hearing

Goldman's Blankfein to testify at Galleon insider trading

Goldman Sachs Group Chief Executive Lloyd Blankfein has agreed to testify for the U.S. government at the upcoming trial of Galleon hedge fund founder Raj Rajaratnam, the Wall Street Journal reported, citing people familiar with the matter.
Rajat Gupta

UN adviser Rajat Gupta had role in insider-trading case: SEC

Rajat Gupta, former McKinsey’s chief and currently special adviser to the secretary-general of the United Nations on management reforms, has been accused by the Securities and Exchange Commission (SEC) of having role in a major hedge fund insider-trading case.
Rajat K. Gupta

Gupta, Rajaratnam calls on Goldman, P&G

U.S. market regulator said former Goldman Sachs Group Inc and Procter & Gamble Co board member Rajat Gupta tipped Galleon hedge fund founder Raj Rajaratnam in phone calls about confidential company information. Gupta's lawyer said the allegations are baseless.
A sign shows the address of the Goldman Sachs headquarters building in New York

SEC charges ex-Goldman director Rajat Gupta in insider case

Former Goldman Sachs Group Inc director Rajat Gupta leaked secret details to Galleon Group hedge fund manager Raj Rajaratnam about Warren Buffett's plan to invest $5 billion in the Wall Street bank at the height of the financial crisis, a U.S. securities regulator charged.
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Blindsided by love, says accused ex-Disney employee

She did it for love, a designer handbag and shoes. Bonnie Hoxie, a former Walt Disney Co (DIS.N) executive's secretary, told a federal judge on Tuesday she was blindsided by love and did not make the correct choices in giving confidential company information to her then-boyfriend a year ago.
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Former Qwest CEO Nacchio withdraws appeal

Former Qwest Communications chief Joseph Nacchio voluntarily withdrew an appeal of his criminal conviction on Friday, marking what may be the final chapter of his long running insider trading case.
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Hedge fund managers arrested in insider case

Two hedge fund managers were arrested on insider trading charges on Tuesday, while another portfolio manager and an analyst agreed to plead guilty in connection with the probe, the latest development in a broad investigation of hedge funds' trading activities.

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