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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 | 33879 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 | 34448 inflationary (not verified)
inflationary's picture

It's within the trading range. If it goes below 72, then heads back up, then it might be interesting.

Until we have guys like Black back as regulators nothing will

change. We just

good articles;

target="_blank">my newest bookmarked finance website

href="http://www.iamned.com" target="_blank">finance news & finance opinions

Wed, 08/12/2009 - 12:03 | 33880 Sqworl
Sqworl's picture

It only took 8 years????

Wed, 08/12/2009 - 12:07 | 33887 Cheeky Bastard
Cheeky Bastard's picture

expect a settlement by 2:30 EST

Wed, 08/12/2009 - 12:48 | 33985 tewkatz
tewkatz's picture

For $33,000.00

Wed, 08/12/2009 - 13:36 | 34060 deadhead
deadhead's picture

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

 

Wed, 08/12/2009 - 12:07 | 33888 Sqworl
Sqworl's picture

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

Wed, 08/12/2009 - 12:19 | 33894 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 | 34261 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 | 33889 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 | 33891 Anonymous
Anonymous's picture

Byron Wien leaving Pequot for Blackstone

Wed, 08/12/2009 - 12:12 | 33900 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 | 34580 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 | 33901 Anonymous
Anonymous's picture

I thought Insider Trading by the big boys was legal?

Wed, 08/12/2009 - 12:17 | 33904 Anonymous
Anonymous's picture

It wasn't then.

Wed, 08/12/2009 - 12:19 | 33906 Mannwich
Mannwich's picture

Excellent point.

Wed, 08/12/2009 - 12:19 | 33909 Anonymous
Anonymous's picture

NOW I can see HOW he got those great returns,year after year. THe Goldman Method really does work for those (in favor, Until they fall OUT of favor of course ; )

Wed, 08/12/2009 - 12:19 | 33911 Mannwich
Mannwich's picture

I wonder when the SEC will catch up to Madoff?

Wed, 08/12/2009 - 12:21 | 33916 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 | 33925 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 | 33958 Anonymous
Anonymous's picture

Samberg must be a Republican or opposed the Healthcare plan. :-)

Wed, 08/12/2009 - 12:39 | 33964 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 | 34092 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 | 34252 Anonymous
Anonymous's picture

Does this mean they are going to reinstate Gary Aquirre?

Wed, 08/12/2009 - 15:10 | 34272 Sqworl
Sqworl's picture

They should, but can't...

Wed, 08/12/2009 - 21:09 | 34835 Gilgamesh
Gilgamesh's picture

With back pay, please.

 

Boy, the DNDN web continues to expose.

Wed, 08/12/2009 - 15:52 | 34372 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 | 34453 inflationary (not verified)
inflationary's picture

The name of this third founding partner of Cramer’s website, TheStreet.com, was…Pequot Capital.ha Until we have guys like Black back as regulators nothing will

change. We just

good articles;

target="_blank">my newest bookmarked finance website

href="http://www.iamned.com" target="_blank">finance news & finance opinions

ha busted

Do NOT follow this link or you will be banned from the site!