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Insider Trading

Rajat Gupta

Financial Markets

Ex-Goldman Director Says Taped Evidence Was Hearsay

Lawyers for former Goldman Sachs board member Rajat Gupta sought to reverse his insider-trading conviction on Tuesday, arguing that wiretap evidence used by the prosecution should not have been introduced at trial.

Prison Bars

Financial Markets

Securities Analyst Swaps Cell for Halfway House After Insider Scandal

Danielle Chiesi, the 47-year-old securities analyst who pleaded guilty to securities fraud in the biggest U.S. insider-trading crackdown, is back in town.

Piggy Bank

Financial Markets

Ex-BMO Analyst Ming Zhao Settles Insider-Trading Violations

Ming Chao Zhao, a former Bank of Montreal analyst, admitted to engaging in insider trading over an 18-month period and agreed to pay C$1.19m ($1.16m) to settle the case, according to the Ontario Securities Commission.

Gavel

Financial Markets

Level Global Co-Founder Gets 6 1/2 Year Sentence

Level Global Investors co-founder Anthony Chiasson was sentenced to 6 1/2 years in prison for using illegal tips funneled to him from analysts and company insiders to make $68 million for his hedge fund.

Gavel

Financial Markets

Ex-Diamondback Manager Gets 4 1/2 Years in Insider Case

Former Diamondback Capital Management LLC fund manager Todd Newman was sentenced to 4 1/2 years in prison for his role in an insider-trading scheme that used tips from technology company insiders to earn $72m.

Gavel

Financial Markets

Hedge Fund Insider Trader Seeks Leniency

Former Diamondback Capital portfolio manager Todd Newman asked a judge for 'leniency' last week when he is sentenced next month as part of a $72m insider-trading conspiracy.

Ex KPMG Partner Charged Still

Video

Ex-KPMG Partner Charged With Insider Trading

Trish Regan reports on the Thursday's top news headlines on Bloomberg Television's 'Street Smart'.

Department Of Justice Logo

Financial Markets

Trader Who Received Tips From KPMG Partner Issues Apology

Bryan Shaw, a trader who said he received insider tips from fired KPMG partner Scott London, apologized and said he’s been cooperating with the Justice Department and U.S. Securities and Exchange Commission.

Gavel

Financial Markets

UK Equities Trader Sentenced For Insider Dealing

In a case brought by the Financial Services Authority (FSA), Paul Milsom, a senior equities trader, has Thursday been sentenced at Southwark Crown Court to 2 years imprisonment for disclosing inside information between October 2008 and March 2010.

SEC Logo

Financial Markets

Heinz and the Perfect Insider Trading Scheme

What got the SEC's attention in this case ? A highly unusual trade. Which demonstrates that the better way to use insider information is to avoid trading.

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