Insider Trading

Tyler Durden's picture

Frontrunning: August 27





  • Islamic State executes soldiers, takes hostages at Syria base (Reuters)
  • Buffett Burger King Funds Flip Obama’s Inversion Calculus (BBG)
  • Equities Reach Record $66 Trillion as S&P 500 Hits 2,000 (BBG)
  • Central Banks Playing Own Version of Plaza-opoly With FX (BBG)
  • Russia court closes McDonald's branch for 90 days (Reuters)
  • Finland Says NATO an Option After Russia ‘Violates’ Border Laws (BBG)
  • Netanyahu Hit With Domestic Criticism Over Gaza Truce (BBG)
  • Biggest Danish Fund Readies for Rate Shock as Exit Narrows (BBG)
  • Nonprofit Hospitals' Profits Fall (WSJ)
 
Tyler Durden's picture

Frontrunning: August 19





  • Just how many rats are there? Steven Cohen's Firm Loses Another Top Executive (WSJ)
  • Iceland Sees a Potential Volcanic Eruption, and Airlines Cower (Bloomberg)
  • Iraqi forces battle to drive jihadists from Saddam's home town (Reuters)
  • Israel, Palestinians Agree to Extend Gaza Truce for 24 Hours (BBG)
  • Pimco now buying junk (BusinessWeek)
  • Pakistan arrests 147 in Punjab towns as protests in capital continue (Reuters)
  • Ex-Rabobank Employee Pleads Guilty in Libor-Rigging Probe (BBG)
  • Ebola Orphans Targeted by Aid Groups as Newest Victims (BBG)
  • Two California youths accused of plotting high school shooting spree (Reuters)
  • Only Rich Know Wage Gains With No Raises for U.S Workers (BBG)
 
Tyler Durden's picture

Is The SEC Asking These Hedge Funds Why They All Rushed Into Allergan Last Quarter?





It remains to be seen if frontrunning the general public on collusive, material, non-public information that a strategic would be about to announce a bid for Allergan is indeed "completely lawful", however we do have a question: now that the SEC is formally investigating Ackman for what may be a massive frontrunning scam, is it also looking at all the other hedge funds which reported brand new stakes (some of which also entirely in the form of calls) in Allergan in the second quarter?

 
Tyler Durden's picture

Frontrunning: August 4





  • New War Risk on Russia Fringes Amid Armenia-Azeri Clashes (BBG)
  • Palestinians accuse Israel of breaking seven-hour Gaza truce (Reuters)
  • Argentine Default Sours Outlook for Peso as Talks Ordered (BBG)
  • Espírito Santo Saga Entangles Swiss Company (WSJ)
  • Booming African Lion Economies Gear Up to Emulate Asians (BBG)
  • CME Profit Falls as Trading Volume Declines (WSJ)
  • Why Recalled Cars Stay on the Road (WSJ)
  • London Renters Win in Billionaire Backyard as Prices Soar (BBG)
  • Junk-Debt Liquidity Concerns Bring Sales (WSJ)
  • Rescuers race to find survivors after 400 die in China quake (AFP)
 
Tyler Durden's picture

Most Transparent Insider Trading Congress Ever Tells SEC To Shove it





"Do as we say, not as we do," appears the modus operandi of the current administration's increasingly totalitarian regime. Today's edition of 'wait, what?' comes from The WSJ who report that The U.S. House of Representatives told a federal court Friday it should dismiss a lawsuit filed by the SEC (regarding the long-running insider-trading investigation) because Congress is lawfully allowed to ignore requests to turn over records and testimony to the executive branch agency. Arguing "sovereign immunity" and responding in a rather snarky (almost "do you know who we are?" manner), House attorneys blasted the SEC's "fool's errand."

 
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.

 
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