• Monetary Metals
    07/28/2014 - 02:38
    Notice the “icicles” dripping all over the place? They occur at different times of the day. What are they? Each one is a brief but dramatic price drop.

Insider Trading

Pivotfarm's picture

Insider Trading? A Thing of the Past





When we look back there are a ton of things that have been said to have changed since the financial crisis wafted in like a bad smell into our lives

 
Tyler Durden's picture

China Stamps Out "Rat Traders" To Boost Stock Market Confidence





The utilization of the Chinese market as both policy tool and 'wealth' creator - as The Fed has done with the S&P 500 - remains less than the PBOC would like. It appears the Chinese prefer their 'risk' in Baccarat and real estate and don't trust those stock markets shisters... so the government is doing something about it. While American investors have to worry about high-frequency traders front-running them; in China, it's a low-frequency trade called "rat trading" where fund managers use personal accounts to buy shares cheaply, then sell them at a profit after purchases from the funds they manage have boosted their value. China’s securities regulator has decided enough is enough and has stepped up its probe into insider trading, taking on “rat traders” in an attempt to restore confidence in the country’s stock market.

 
Tyler Durden's picture

Frontrunning: July 9





  • Xi Says China Conflict With U.S. Would Be Disaster (BBG)
  • Short selling drops to lowest level since Lehman (FT)
  • Scoping the new subprime as watchdogs cry 'bubble' (Reuters)
  • Carlos Slim to break up América Móvil empire (FT)
  • Jury Acquits Rengan Rajaratnam in Insider-Trading Case (WSJ)
  • Hamas rockets land deep in Israel as it bombards Gaza Strip (Reuters)
  • Hong Kong Buyers Queue for New Homes After Prices Plunge (BBG)
  • Rebel Stronghold in Ukraine Braces for Its Showdown (WSJ)
  • Tiny Houses Big With U.S. Owners Seeking Economic Freedom (BBG)
  • Chinese Cash-Bearing Buyers Drive U.S. Foreign Sales Jump (BBG)
 
Tyler Durden's picture

Congressional Panel Accused Of Leaking Insider Information, Refuses To Comply With Probe





The biggest congressional leakage scandal in the past year is the most recent one to cross the rabit hole of all-out absurdity: According to Reuters, the Ways and Means panel said on Friday it should not have to comply with a federal regulator's demand for documents sought for an insider-trading probe involving the staff director of a subcommittee and a lobbyist. The House Ways and Means Committee argued in a court filing that U.S. District Judge Paul Gardephe in New York should deny the Securities and Exchange Commission's attempt to subpoena documents from the committee and its healthcare subcommittee staff director Brian Sutter.

 
Tyler Durden's picture

Frontrunning: July 2





  • France's Sarkozy faces corruption probe in blow to comeback hopes (Reuters)
  • Ukraine Says Military Offensive Against Rebels Yielding Results (WSJ)
  • JPMorgan Investors Show Support for Dimon in Cancer Fight (BBG)
  • World’s ATM Moves to Frankfurt as Yellen’s Fed Slows Cash (BBG)
  • Argentina Seen Backtracking on Fernandez Vows as Legacy at Risk (BBG)
  • Palestinian teen killed in possible revenge attack (Reuters)
  • The Bill and Hillary Clinton Money Machine Taps Corporate Cash (WSJ)
  • London House Prices Surge the Most Since 1987, Nationwide Says (BBG)
  • Last Jew in Afghanistan faces ruin as kebabs fail to sell (Reuters)
 
Tyler Durden's picture

Frontrunning: June 24





  • The Kerry Konfusion Kontinues: Kerry urges Kurds to save Iraq from collapse (Reuters)
  • Abe Unveils Japan’s New Growth Strategy (WSJ)
  • Because the recovery: Avon to Cut 600 Jobs as CEO McCoy Seeks to Trim Expenses (BBG)
  • Iraqi Parties Pressure Prime Minister Nouri al-Maliki to Step Down (WSJ)
  • Ukraine Rebels Call Cease-Fire to Match Government Truce (BBG)
  • IRS accused of obstruction over lost emails in Tea Party affair (Reuters)
  • IRS chief scorched as 'liar' (WND)
  • Big Investors Missed Stock Rally (WSJ)
  • U.K. Jury Finds Coulson Guilty of Conspiracy to Intercept Phone Voice-Mail Messages (WSJ)
  • HSBC to halve countries served by private bank, sells assets (Reuters)
  • Bond Market Has $900 Billion Mom-and-Pop Problem When Rates Rise (BBG)
 
Phoenix Capital Research's picture

The Cold Hard Truth Facing Investors Today





Those in charge of regulating the system will lie, cheat and steal rather than be honest to those who they are meant to protect (individual investors and the public)

 
Tyler Durden's picture

Frontrunning: June 20





  • Must be an early winter: Housing Falters as Forecasters See U.S. Sales Dropping  (BBG)
  • China Property Failures Seen as $33 Billion in Trusts Due (BBG)
  • Polish Prime Minister Says Recording Scandal May Trigger Early Election (WSJ)
  • Iraqi forces ready push after Obama offers advisers (Reuters)
  • Priorities: U.S. cuts aid to Uganda, cancels military exercise over anti-gay law (Reuters)
  • Kurds' Takeover of Iraqi City of Kirkuk Strengthens Their Hand (WSJ)
  • U.S. says government lab workers possibly exposed to anthrax (Reuters)
  • Netflix Up 21% With Tesla: The best U.S. stocks this month are ones that just a few months ago were the biggest losers (BBG)
  • Architects of Iraq Invasion Return to Blame Obama (BBG)
  • Nato claims Moscow funding anti-fracking groups (FT)
  • Lawmakers Skeptical GM Bosses Were Unaware of Defect (WSJ)
  • Corinthian Colleges Warns of Possible Shutdown (WSJ)
  • Taiwan's Quanta to start mass production of Apple's smartwatch in July (Reuters)
 
Tyler Durden's picture

Kevin McCarthy, Poorest Member Of GOP Leadership, Elected House Majority Leader





Moments ago Kevin McCarthy of California was elected majority leader by House Republicans, according to Riva Litman, spokeswoman for Republican Conference Chairman Cathy McMorris Rodgers. He fills the spot lost by Eric Cantor following his shocking loss to a tea-party activist two weeks ago. McCarthy win is not surprising: it was largely expected. What however, is notable is that with a self-declared net worth of between only $76K and $266K, albeit is substantial jump from the he $16K he revealed in 2008, he is by far the poorest member of the GOP leadership group.

 
Tyler Durden's picture

Frontrunning: June 19





  • Currency Probe Widens as U.S. Said to Target Markups (BBG)
  • Battle for Iraq refinery as U.S. hesitates to strike (Reuters)
  • Ukraine forces battle separatists after truce 'refused' (Reuters)
  • Fed Dots Ignored as Investors Focus on Yellen’s Message (BBG)
  • Retirees Suffer as $300 Billion 401(k) Rollover Boom Enriches Brokers (BBG)
  • American Apparel ousts CEO; source says Dov Charney 'will fight like hell' (LA Times)
  • House Panel Is Subpoenaed as Trading Probe Heats Up (WSJ)
  • GM Officials Ignored Alert on Car Stalling (WSJ)
  • Russia’s $20 Billion Bond Void Filled by China to Mexico (BBG)
 
Tyler Durden's picture

Facing Extinction, Hedge Funds Go All In: Take Net Assets To All Time High, Cash To Record Low





Now, for the first time, we have empirical proof that hedge funds are indeed on the verge of extinction. In its hedge fund quarterly note (which it clearly ripped off from Goldman), Bank of America has concluded what we said in the beginning of the decade: "Hedge Funds are less attractive post the financial crisis with lower alpha and less diversification benefits." Or, in other words, hedge funds (for the most part: this excludes those extortionists also known as activists who successfully bully management teams into levering up in order to buyback record amounts of stock, in the process burying their companies and employers when the next downturn arrives) no longer provide a service commensurate to their astronomical fees.

 
Tyler Durden's picture

Lest We Forget, It's Tuesday





With an hour left in the trading day and stocks surging impressively on absolutely no positive catalyst whatsoever (hawkish inflation, dismal housing data, Baghdad under attack, Ukraine terrorism) apart from higher bond yields, we thought a gentle reminder of what day of the week it is would help those looking for some sanity in the entirely rational "markets" that are not only unrigged by HFT but are also unrigged by massive insider trading...

 
Tyler Durden's picture

At Least A Quarter Of All M&A Deals Involve Insider Trading, Study Finds





As if the market needed any further proof it is not only manipulated and rigged (at least under a legal system that classifies trading on insider information as illegal), but is constantly abused by those with material, non-public information - i.e., insiders - here comes a study conducted by professors at McGill and New York Universities, which, as the NYT summarizes, finds that "A quarter of all public company deals may involve some kind of insider trading."

 
Tyler Durden's picture

Frontrunning: June 17





  • Obama to tout manufacturing gains, highlight economic progress (Reuters)
  • Iraq Gunmen Attack North of Baghdad as Obama Weighs Plan (BBG)
  • Chinese Regulators Block Shipping Alliance Abandoned Deal (WSJ)
  • Russian $8.2 Trillion Oil Trove Locked Without U.S. Tech (BBG)
  • Ukrainian forces, rebels clash near Russian border (Reuters)
  • M&A talk lifts stocks, Iraq tensions ease slightly (Reuters)
  • Wealthy Clintons Use Trusts to Limit Estate Tax They Back (BBG)
  • Argentina vows to service debt despite new legal blow (Reuters)
  • Allergan's Bitter Pill for Morgan Stanley (WSJ)
  • Islamists kill 50 in Kenya, some during World Cup screening (Reuters)
  • American Express Revs Up Pursuit of the Masses (WSJ)
 
Tyler Durden's picture

How To Avoid Being Wiretapped: The Carl Icahn Case Study





"The investigators believed it was hard to wiretap Icahn without him finding out because he owned a stake in a telecommunications company through which surveillance might have to be conducted, the Wall Street Journal reported, citing one of its sources."

 
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