Insider Trading

FBI Alleges Another Insider Trading Case Involving "Consultants"

Prosecutors allege that a former employee at the US Centers for Medicare and Medicaid Services, David Blaszczak, 41, working with a current employee at CMS at his Washington, DC-area consulting firm, provided insider trading information to Deerfield.

Brazil's President Tells Supreme Court To Suspend Corruption Probe Of Brazil's President

In a move that will surely light the proverbial lightbulb over Donald Trump's head, Brazilian President Michel Temer, having been officially dragged into Brazil's massive corruption scandal last week, said on Saturday he would ask the Supreme Court to suspend its investigation into allegations he was also involved in the carwash corruption scheme, vowing to remain in power.

Frontrunning: May 19

  • Dollar remains weak as beating eases for global stocks (Reuters); Global Stocks Edge Higher as Commodity Prices Rise (WSJ)
  • Trump Mideast Trip Aims to Bolster Ties, Shift U.S. Spotlight (WSJ)
  • Trump Heads Abroad With White House in Crisis (BBG)
  • Russia Probe Heats Up as Trump Tries to Limit Damage (WSJ)
  • Iranians queue up to vote in fiercely-contested presidential election (Reuters)

Jeff Ubben Steps Down As ValueAct Investment Head

Jeff Ubben, the activist investor who built the iconic ValueAct hedge fund into a $16bn powerhouse, is stepping down from daily oversight of its portfolio and handing the reins to his protégé, Mason Morfit, the FT reports.

 

Frontrunning: May 10

  • Trump fires FBI chief Comey, setting off political storm (Reuters)
  • Comey Firing Upends Russia Probes (WSJ)
  • White House Says Decision Stemmed From Comey’s Handling of Clinton Email Probe (WSJ)
  • Comey Ouster Threatens to Backfire on Troubled Trump White House (BBG)
  • Comey’s Deserved Dismissal (WSJ)

Breslow: Traders Increasingly Have No Idea What's Going On

"Fewer and fewer market participants are comfortable answering the question, “What’s going on?”  A lot of this is from the much-discussed volatility suppression caused by central banks. They got what they wanted and now the negative externalities they failed to appreciate are dangerously affecting accurate price discovery. When we need it most."

Frontrunning: March 28

  • U.S. stock futures up as investors look beyond failed healthcare bill (Reuters)
  • Ryan's Tax Plan May Get Familiar Foes: GOP's Conservative Caucus (BBG)
  • Congress to Battle Over Spending After Failed Health Bill (WSJ)
  • Trump to End Obama Policies for Paris Climate Accord (BBG)
  • Trump to sign order sweeping away Obama-era climate policies (Reuters)

Frontrunning: March 24

  • Trump Says If Vote on Health Bill Fails, Obamacare Stays (WSJ)
  • Risky House healthcare vote to test Trump's negotiating skills (Reuters)
  • Trump Dares GOP in High-Stakes Vote on Troubled Health Bill (BBG)
  • All drill, no frack: U.S. shale leaves thousands of wells unfinished (Reuters)
  • Twitter explores subscription-based option for first time (Reuters)

Preet Bharara Joins NYU School Of Law

Just ten days after the US Attorney for New York, Preet Bharara was fired by Donald Trump, prompting speculation if he was working on a probe of Trump himself when he was terminated and further speculation which employer would imminently retain Bharara's services, moments ago the former attorney gave the answer: he is joining the NYU School of Law.