Jeweler to Plead Guilty in KPMG Insider-Trading Case
A jeweler who gave a former KPMG auditor cash, an expensive watch and more in exchange for inside information about public companies plans to plead guilty to securities fraud.
insider trading
Herbalife Auditor KPMG Resigns After Insider Trading
KPMG resigned as the auditor of Herbalife after one of its senior partners engaged in insider trading in Herbalife stock, the nutritional products company said on Tuesday.
SAC Portfolio Manager Arrested in Insider-Trading Investigation
SAC Capital Portfolio Manager Michael Steinberg was arrested Friday in connection with a long-running insider-trading investigation, according to the FBI.
Rengan Rajaratnam, Brother of Hedge Fund Founder, Indicted
The brother of jailed one-time billionaire hedge fund boss Raj Rajaratnam has been charged with conspiring with his brother to cheat on Wall Street through insider trading.
Hedge Fund Agrees to Pay $600M to Settle Insider-Trading Charges
Two affiliates of SAC Capital Advisors, the hedge fund run by billionaire Steven Cohen, will pay more than $614 million to settle insider trading settlement charges.
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.
Insider Trading Scandal Fells CEO of Japan's Top Investment Bank
Nomura CEO Kenichi Watanabe has resigned in the wake of an insider trading scandal that has tarnished the reputation of Japan Inc. and its biggest investment bank.
Wall Street Professionals Admit: Yes, Lots of Us Are Corrupt
Is Wall Street playing fast and loose with the rules? Responses vary depending on whom you ask. But ask the folks who work in the financial services industry and you'll get a surprisingly clear answer: "Yes."
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 admitted feeding privileged information to two confederates over the course of a 17-year insider stock trading scheme, was sentenced Monday to 12 years in prison, the longest sentence ever handed out for insider trading.
A New Career Option for Ex-Cons: White-Collar Jail Prep Tutor
From insider trading to getting ready for life "on the inside" -- The Wall Street Journal reports that convicted white-collar criminals are increasingly paying for prison prep from former inmates.
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.
Elected Insiders: Why the STOCK Act Matters to You
Four times in five years, lawmakers have introduced the Stop Trading On Congressional Knowledge Act to bar senators and representatives from investing based on knowledge they gained in the course of their duties. Three times, the STOCK Act has died in committee. Will the fourth time be the charm?