Insider Trading

Frontrunning: November 3

  • Cubs Win 1st Series Title Since 1908, Beat Indians in Game 7 (BBG)
  • Trump, Clinton blast each other on character; Clinton rises in poll (Reuters)
  • Trump-effect grips world stocks, dollar (BBG)
  • No Brexit without Parliament approval: High Court (Reuters)
  • With Iraqi troops at Mosul's gate, Baghdadi promises victory (Reuters)
  • China Slowdown Deepens Looming Pension Crisis (WSJ)

Frontrunning: October 20

  • Global stocks nudge higher after final U.S. presidential debate (Reuters)
  • Trump, Clinton Double Down: Final Debate By the Numbers (BBG)
  • Will Trump accept election's outcome? 'I will keep you in suspense' (Reuters)
  • After Sedate Start, Trump Takes the Bait (WSJ)
  • ‘Rigged’ Election Charge Takes Spotlight (WSJ)

Frontrunning: October 6

  • Millions flee as Southeast U.S. braces for Hurricane Matthew (Reuters)
  • Hurricane Matthew Is a $15 Billion Threat Headed to Florida (BBG)
  • Three Risks to the Global Financial System as Debt Hits Record Levels (WSJ)
  • Deutsche Bank’s $14 Billion Scare (BBG)
  • Deutsche Bank Mismarked 37 Deals Like Paschi’s, Audit Says (BBG)
  • Monte Paschi Said to Plan Debt-Swap Deadline Before Italian Poll (BBG)

Frontrunning: September 22

  • Stocks Advance in Unison With Bonds as Fed Inspires Global Rally (BBG)
  • Soothing Fed gives stocks their mojo (Reuters)
  • Yellen helps Clinton dodge a bullet (Politico)
  • State of emergency called to quell Charlotte unrest over police shooting of black man (Reuters)
  • Hillary Clinton Leads Donald Trump by Six Points in Latest WSJ/NBC Poll (WSJ)

SEC Charges Hedge Fund Icon Leon Cooperman With Insider Trading

When it rains - for hedge fund managers, it pours - If it's not lack of alpha, it's insider trading. Moments ago, the SEC charged iconic hedge fund manager, Omega Advisors' Leon Cooperman with insider trading, accusing him of generating substantial illicit profits by purchasing securities in Atlas Pipeline Partners (APL) in advance of the sale of its natural gas processing facility in Elk City, Oklahoma.

Frontrunning: September 8

  • Stock futures flat ahead of economic data, ECB meeting (Reuters)
  • Trump in TV event with Clinton, says Putin better leader than Obama (Reuters)
  • 5 takeaways from Trump and Clinton's military forum (The Hill)
  • Matt Lauer Fields Storm of Criticism Over Clinton-Trump Forum (NYT)
  • Vladimir Putin Just Wants to Be Friends (BBG)
  • Hanjin Shipping’s Troubles Leave $14 Billion in Cargo Stranded at Sea (WSJ)

Former JPMorgan Banker Convicted Of Insider Trading

In one of the few cases of insider trading leading to an actual conviction, earlier today, a former Wall Street investment banker was found guilty for engaging in insider trading by tipping his father off to unannounced healthcare mergers. Sean Stewart, who previously worked at JPMorgan and Perella Weinberg was found guilty by a federal jury in Manhattan on all nine counts he faced, including securities fraud.