Insider Trading

FBI Investigates Potential Insider Trading in Buffett's Heinz Deal

The FBI is looking into alleged insider trading in the options of ketchup maker H.J. Heinz Co before its blockbuster acquisition last week by Warren Buffett and Brazil's 3G Capital. The SEC says traders in Switzerland used a Goldman Sachs account to trade on purported inside knowledge of the transaction.

Survey: We Don't Trust Global Business Leaders to Tell the Truth

Public trust in business, government and media leaders and has fallen in the wake of financial and political scandals, a new global survey reveals. Among the most glaring results: Fewer than 1 in 5 of us trust business leaders to tell the public the truth.

Insider Trading at Playboy: The Case Against Christie Hefner's Husband Revealed

Christie Hefner, daughter of Hugh Hefner, was in control of Playboy Enterprises for two decades as its CEO. What she wasn't in control of was her husband, William Marovitz, who was secretly trading Playboy stock based on inside information. A new report by Bloomberg reveals the details of his transgressions for the first time.

Ex-Business Titan Rajat Gupta Guilty of Insider Trading

Rajat Gupta, a consummate business insider who once sat on the board of Goldman Sachs Group, was convicted on Friday of leaking secrets about the investment bank at the height of the financial crisis. He faces up to 25 years in prison.

Ex-Lawyer Gets Longest Insider Trading Sentence Ever

Former attorney Matthew Kluger, who fed privileged information to two confederates during a 17-year insider stock trading scheme, was sentenced Monday to 12 years in prison, the longest sentence ever handed out for insider trading.

Congress Tries to Police Itself on Insider Trading

Aware that most Americans would like to dump them all, members of Congress hope to regain some sense of trust by subjecting themselves to tougher penalties for insider trading and requiring they disclose stock transactions within 30 days.