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Art Samberg In Trouble: SEC Has Issued Wells Notice To Pequot Alleging Insider Trading In MSFT In 2001

Tyler Durden's picture




Developing story: per David Faber




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Wed, 08/12/2009 - 12:03 | Link to Comment phaesed
phaesed's picture

You're frackin shittin me.... with all of the corrupt actions of the past year... the SEC is going after a hedge fund for something in 2001? Ridiculous, I can't wait for the playground that will be tomorrow (although I think they're going to try to squeeze folks)... Fib time cycle and the wheel in the sky is turning. Look to Jupiter's Black Spot.

Wed, 08/12/2009 - 20:22 | Link to Comment inflationary (not verified)
Wed, 08/12/2009 - 12:03 | Link to Comment Sqworl
Sqworl's picture

It only took 8 years????

Wed, 08/12/2009 - 12:07 | Link to Comment Cheeky Bastard
Cheeky Bastard's picture

expect a settlement by 2:30 EST

Wed, 08/12/2009 - 12:48 | Link to Comment tewkatz
tewkatz's picture

For $33,000.00

Wed, 08/12/2009 - 13:36 | Link to Comment deadhead
deadhead's picture

cb...very, very good. very quick. i like it. thanks.

 

Wed, 08/12/2009 - 12:07 | Link to Comment Sqworl
Sqworl's picture

OMG...does that mean that Mack the Knife gets cut?

Wed, 08/12/2009 - 12:19 | Link to Comment Cheeky Bastard
Cheeky Bastard's picture

yo, what was that video about; i have Narrator insomnia and cant link things properly when they are expressed in a metaphorical way

Wed, 08/12/2009 - 15:07 | Link to Comment Sqworl
Sqworl's picture

The house of Games..Mamet at his best!  Having to watch FED...hydro induced speech pattern..;-)

Wed, 08/12/2009 - 12:07 | Link to Comment Veteran
Veteran's picture

Same shit different day.  Always been the gubment policy to nail the small fry. Reminds me of the military.  Joes got jail terms for torture, (not excusing them by any means), while the officers and civilian pukes responsible for creating and implementing the bullshit policies got off scot free.  Justice for all my ass

Wed, 08/12/2009 - 12:07 | Link to Comment Anonymous
Wed, 08/12/2009 - 12:12 | Link to Comment D.O.D.
D.O.D.'s picture

The SEC is just backlogged guys, they didn't realize they were actually supposed to follow up on their investigations...LEAVE MARY ALONE!!!! SHE"S DOING THE BEST SHE CAN!!!!

Wed, 08/12/2009 - 17:26 | Link to Comment garagecapital
garagecapital's picture

Just not good enough! Put her at HHS or something. Get Eliot Spitzer in there!

Wed, 08/12/2009 - 12:13 | Link to Comment Anonymous
Wed, 08/12/2009 - 12:17 | Link to Comment Anonymous
Wed, 08/12/2009 - 12:19 | Link to Comment Mannwich
Mannwich's picture

Excellent point.

Wed, 08/12/2009 - 12:19 | Link to Comment Anonymous
Wed, 08/12/2009 - 12:19 | Link to Comment Mannwich
Mannwich's picture

I wonder when the SEC will catch up to Madoff?

Wed, 08/12/2009 - 12:21 | Link to Comment Mannwich
Mannwich's picture

You know what they say, "if you're not cheating, you're not trying".  I think that should be the country's official new mantra.  Forget "Land of the Free, Home of the Brave."

Wed, 08/12/2009 - 12:24 | Link to Comment Translational Lift
Translational Lift's picture

Why the frick don't they serve a Well's on FNM and some of the other entities that ran this and the world economy into the dumpster!!

Wed, 08/12/2009 - 12:37 | Link to Comment Anonymous
Wed, 08/12/2009 - 12:39 | Link to Comment liquidpaper
liquidpaper's picture

I'm fairly certain this is - another Wells notice - for this topic. Unless I am mistaken, there was an inquiry and the allegations are that it was quashed too quickly, and all the relevant leads were not followed up.

I believe this story is - largely - why Samberg haas decided to close up ship @ Pequot - or at least is the reason he gave in his investor's letter.

Agree there have been other, likely more serious transgressions since this occurred, but I think at the end of the day something will come of this.

Wed, 08/12/2009 - 13:49 | Link to Comment JohnKing
JohnKing's picture

The name of this third founding partner of Cramer’s website, TheStreet.com, was…Pequot Capital, the hedge fund whose alleged naked short selling and insider trading were the targets of Gary Aguirre’s SEC investigation — the investigation that got quashed, leading to one of the greatest scandals in SEC history.

Creepy Crawly Cramer and crew..
proprietary trading strategies

Wed, 08/12/2009 - 15:05 | Link to Comment Anonymous
Wed, 08/12/2009 - 15:10 | Link to Comment Sqworl
Sqworl's picture

They should, but can't...

Wed, 08/12/2009 - 21:09 | Link to Comment Gilgamesh
Gilgamesh's picture

With back pay, please.

 

Boy, the DNDN web continues to expose.

Wed, 08/12/2009 - 15:52 | Link to Comment Sqworl
Sqworl's picture

It's party time..41st annual Institute on Securities Regulation...to give an important background of where we are and where we are headed...Mary Shapiro will kick off the festivities:

Im sure you guys can come up with great activities for this group of worthless losers?

Wed, 08/12/2009 - 20:23 | Link to Comment inflationary (not verified)
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