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These Are The 18 Trades That Steve Cohen Is Being Investigated For
The WSJ has published the list of 18 trades that Finra is currently investigating (or, rather, isn't) Steve Cohen's hedge fund for illegal practices ("expert networks" and what not), using the same methodology as that applied by Zero Hedge a year ago, before anyone had the faintest clue that SAC would be the target of an extensive theatrical campaign by regulators and populist politicians. The following statement by Finra is priceless: "In the 18 referrals made by Finra and the NASD between 2002 and 2011 that were reviewed by the Journal, investigators said they were vexed by SAC's repeated appearance in routine screens of suspicious trading near mergers and acquisitions, earnings announcements and other market-moving news." Needless to say, if any readers has wittingly or otherwise traded alongside SAC in any of these transactions, it may be time to shred any evidence. After all, the "I don't recall nothing" testiony worked miracles for Rupert Murdoch.
As for Mr. Cohem don't worry, something tells us he will be ok:
The Finra referrals are at the center of a showdown between the SEC and Sen. Charles Grassley (R., Iowa), a frequent critic of the agency, whose office obtained the reports from Finra in May. The senator's staff then demanded that the SEC detail what steps it took to resolve the referrals.... Since Sen. Grassley's office went public with the document requests, SAC has hired two of the senator's former staffers, Kenneth Cunningham and Cory Crowley, as consultants to provide insights into the office's next steps, people familiar with the matter said. The two didn't respond to requests for comment. "There has been no dialogue between anyone on Sen. Grassley's staff involved with the investigation, and any former Grassley staffers," a spokeswoman for Sen. Grassley said.
And that, as they say, is that.
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we need a perp walk bitchez
We need a perp PARADE
I do not understand what is the issue here.
He's just been lucky that's all.
As argued by ZH earlier, how these poor Hedge Funds would otherwise be able to generate any positve alpha when their betas are at par with the market?
Hedge funds still live and die by their sword of alpha. Sure insider trading here and there, but they are not as bad as the primary dealers who get rescued from the Fed.
Banksters got in trouble because they got jealous of hedge funds making more than them, so they used your savings deposits as reserves to leverage up and gamble like the hedge funds. Except they got bailed out big time.
Clients can pull their money out of hedge funds, but primary dealers + Fed has monopoly over your life savings in dollars.
Focus back on the banks.
One must always say there has been no dialogue when there has been dialogue.
http://news.yahoo.com/blogs/envoy/20-million-tons-debris-japan-tsunami-m...
This needs a caption contest. C'mon Tyler, you asleep at the wheel?
'and US Customs officials will be raiding upto 20 million Japanese households in the coming weeks demanding import duties on all kinds of specialist glow-in-the-dark consumer goods...
E-bay should take care of it. Search under "Island of Floating Crap".
Nice try MDB
This settles it, half of the hedge funds "alpha" was leveraged beta and they failed in ´08. The survivors were equity inside info. So much for charging 2 an 20% for their superior "alpha generation capacity"
We need a perp firing squad.
Stay on em Tyler(s). What a contrast between Stevie Cohen and Ray Dalio mentioned in the other thread. Dalio is one hedge fund manager I respect and Stevie Cohen is a two bit pirate and slime.
Hitler was right.
WORK FOR YOUR PAY YOU LAZY GOV BITCH.... don't just copypaste jew-hating posts across a hundred threads you lazy slacker by coming up with ORIGINAL posts!.... WORK for your pay of EXCLUSIVELY injecting anti-jew propaganda across ZH and not much caring about posting ANYTHING ELSE (as opposed to just weird folks on ZH, who actually believe in a jew conspiracy, outlaw is just doing this for discrediting ZH, on behalf of his employer)
Wondering what this is about? Check is track record yourself:
http://www.zerohedge.com/users/outlaw-wasteland/track
Fuck him
that's almost English.
Sounds almost as clever a retord, as that guy back then who registered a dozen accounts.... yet was recognized over and over again - what was his nick again? I'm sorry, wrong question - what was one of his one hundred nicks again?
What is this, our favorite a-dozen sockpuppet called zing, axe, oh damn who cares, going nazi according to orders of his pimp?
I believe you mean retort, retard.
Oy, the hate. There outta be a law.
lmao
you fucking inbred idiots have had a nice run.
I'm here to sic the dogs after you.
Track history of outlaw of the crap's most recent posts (before you ask, NO, i haven't skipped any post - this actually IS his most recent track record! And yup, it totals hundreds of downvotes):
Let me express it this way:
YOU
ARE
ORGANIC
TRASH!
Want me to post more of your endless history of noise and trash? Or do you prefer to diplomatically STFU, sockpuppet?
"There outta be a law"
You want more? Okay, continuation of your post history (again, i'm not leaving out a single post - he really is posting nothing else than this):
Do i need to continue?
You are so ridiculous, that not even anyone would take your serious as a jew hater. You simply are a government planted tool, to spread racism across ZH, so that ZH members can be more easily discounted by the masses.
Did i mention already that you should fuck yourself with a screwstick and die in a corner bleeding to death?
Tyler, you really ought to be keeping an eye on this and deleting threads where necessary.
Whilst I don't condone censorship of any kind I don't believe many others on ZH do either, neither can I condone the spreading of malicious hatred on any ethnic lines from either side either.
If you don't the PTB will try, and will have a very good excuse to shut you down, and there will be precious few people to back you up...
No fucking way. Let them spew hatred so they can be identified. When one takes it upon themself to judge what is and isn't acceptable then the slide down the slippery slope begins.
I like it when assholes display their assholism. Saves time later.
All this free speech and lack of censorship is driving the natives mental. We need some supervision (sarc)
STFU with your censorship bullshit.
Tosser. You probably think this bullshit is worth reading...
Tosser. You probably think this bullshit is worth reading...
Why not put this all into a google doc and then simply post the short link? Like this:
http://goo.gl/RDOAq
It keeps the comment area clean.
That is awesome.
I turned it into a word cloud for you: http://imageshack.us/photo/my-images/805/trav.png/
Ray is on a PR tour and it would appear he has been successful. One heck of a guy that Ray D.
actually i think sac has been on a tour - earlier in the year doing davos and all of these media appearances. all from a guy who tried to stay as out of the scenes as possible, all of a sudden he's making the media rounds. a couple of years ago, i went to a young jewish network thing where a successful mutual fund manager told a story of how he met a hedge fund manager at a beach on puerto rico over 20 years ago and they continued on to be friends to this day. he mentioned how he he had no idea how he made so much money. that man he was talking about was sac.
Crooked is the new straight.
What is funny about this is that people will now call for more government intervention and regulations. Regulations and government intervention are what forces people to speculate with their savings in the first place. Then the regulators get to say they are making sure no insider trading is occuring while it is rampant and makes these guys billions which partly get funneled back to the regulators. This is all a big crock and game to assure you they're helping as they steal your savings and future. Yes, more regulators to reassure us. That's what we need.
"testiony" = testy testimony
Isn't this list meaningless without the whole trading history? If Steve is like your average joe day trader with a couple bucks in his E-trade account, he's got tons of trades every day. If they're going to drag this guy away, they gotta nail that E-trade baby too, right?
I think the list is a useful guide by which to search for the whole history via investigation, not yet an indictment.
all Hedgies now know not to "vex" regulators... vexing your brittle on-edge emotional Regulators is a key level
the fact the Fed (a private bank) has just rigged the Gold price with a massive paper takedown and Benny is on record as pumping the stock markets and stating in public he wants to manipulate the Indexes to provide positive Karma is not a problem .... it is not actual blatant in-your-face market manipulation by a private bank (Fed), it's pure supposition by pea brained twats behind Govt desks fretting about your 'trading pattern'
fuking morons
How blindingly non cognizant do you have to be as a regulator to be surprised that SAC would show up on a list of questionable trades. Stevie Cohen has been busted before (IPO allocation tipoffs), its common knowledge he pushes the envelope and I am not at all surprised to find he has crossed the line.
if you aint cheating, you aint trying
Wow, you been hanging out with lawyers?
They missed at least one other one, (& probably a ton more)
Dendreon - Deep Capture used to have a detailed story on how hedge funds manipulated the stock of this company, (along with a ton of other financial crimes) but their website has interestingly been shut down by a Cdn court order.
The voices of those willing to expose the truth and report what is really going on are being muted or silenced via various methods.
The days are growing shorter in the northern hemisphere, but the entire world is getting darker.
See below
Overstock article
They will simply do it forever - because they can. FINRA should worry about something important like Warren Buffett front running. Oh by the way - they only look at winning trades - shitty buys are not a problem.
it looks like they are looking at loss avoidances as well and potential profits
Oh come on...What is a little "Expert Network" among friends?
This is chump change. They'll throw another Madoff under the bus just to make it look like someone is actually paying attention to the in-your-face corruption that goes on all day long. Everyone can go back to sleep knowing the dogs have things under control.
Do the Jews ever change?
Hahahaha Genius.
Do Madoff and Cohen have anything in common?
Being thieves.
Madoff cheated his own, Cohen apparently not.
They can just query a machine to get a good fix for this.
Siri, Where can I hide a dead body?
http://www.youtube.com/watch?v=B78kmg9xPP8&feature=player_embedded
FINRA is a joke.
Hitler was right.
PR on trial date change to March.... O.co (aka Overstock.com) Announces March 5, 2012 Date for Trial of Manipulation Claims Against Goldman Sachs and Bank of America Subsidiary Merrill Lynch SALT LAKE CITY, Oct. 24, 2011 /PRNewswire via COMTEX/ -- O.co (also known as Overstock.com, Inc., NASDAQ: OSTK), today announced March 5, 2012 as the newly set trial date for its case against Goldman Sachs and Bank of America subsidiary, Merrill Lynch. The new date was moved from December 5, 2011 The San Francisco action, filed in February 2007, alleged the prime broker defendants engaged in manipulation by "naked short selling" and failing to deliver shares they sold all designed to drive down O.co's share price to the benefit of themselves and their hedge fund clients. In December 2010, O.co filed a motion to amend to include claims under New Jersey's Racketeer Influenced and Corrupt Organizations (RICO) Act but that motion was denied. "We believe that Goldman and Merrill manipulated the price of our shares," said O.co Chairman and CEO Dr. Patrick Byrne. "As we expect to show in this case, their illegal actions were designed to, and did, make them billions of dollars." "We will have our day in court," said O.co President Jonathan Johnson. "Our core manipulation case is solidly established, and we move forward confident in our belief that a jury will hold these defendants to account for the harm they caused." Byrne continued: "In April 2006, I wrote a letter to the Wall Street Journal stating, 'I do believe blackguards have practiced "failure to deliver" (FTD) for profit, while incidentally destroying businesses and (probably) destabilizing our capital markets. I also think that if this nation ever grasps how its savings have been looted through this mechanism, a few million Americans are going to show up at the corner of Wall and Broad with pitchforks and nooses.' (See http://online.wsj.com/article/SB114558723216732121.html .) That, unfortunately, has come true. Wall Street's unfettered greed has gutted the financial markets and, with Occupy Wall Street movements growing across the country, people are ready to see the corrupt organizations of Wall Street brought to justice. I anxiously await watching Goldman Sachs and Merrill Lynch rationalizing their nefarious schemes to a jury box with 12 Americans in it." http://finance.yahoo.com/news/Oco-aka-Overstockcom-prnews-2709966708.htm... | More view thread Home Boards Groups People OSTK / Message Board / Read Message BOARD GROUPS NEWS View This Message Only return to message board, top of board Msg 41655 of 41660 at 10/24/2011 10:37:52 AM by nopullnoshow The following message was updated on 10/24/2011 10:38:40 AM. e-mail to a friend printer-friendly add to library Recs
The Kol Nidre
By J B Campbell
JBC@wealthkeeper.net
11-30-3
The Kol Nidre is the holiest Jewish prayer and is recited several times on Yom Kippur, the Day of Atonement. It means "all vows" and is a flat statement that no promise of any kind will be kept for the coming year. It is also sung by the cantor in synagogue, accompanied on the violin and goes like this:
"All vows, obligations, oaths or anathemas, pledges of all names, which we have vowed, sworn, devoted, or bound ourselves to, from this day of atonement, until the next day of atonement (whose arrival we hope for in happiness) we repent, aforehand, of them all, they shall all be deemed absolved, forgiven, annulled, void and made of no effect; they shall not be binding, nor have any power; the vows shall not be reckoned as vows, the obligations shall not be obligatory, nor the oaths considered as oaths."
"The Jazz Singer," the first talkie with Al Jolsen, describes the great devotion that Jews have for this "prayer." Jolsen plays a cantor's son who tries to break away from Jewish tradition but who in the end is drawn back to it, finally agreeing to sing the Kol Nidre on the great day. It is ironic that Hollywood's first motion picture with sound should have dealt with this explosive subject, even if the words were sung in Hebrew.
Can any person or people with this mentality be trusted? The Kol Nidre mentality is the underlying cause for all the anti-Jewish reaction by normal people down through the ages. Have we ever heard a renunciation of this "prayer" by any Jew - orthodox, reform or otherwise? In fact, how many of us are even aware of this subversive practice, this license to lie, which is glorified in a holy ritual every year?
Every Jew in a position of power, from Paul Wolfowitz to your judge, doctor or teacher, should be questioned on this subject. Jewish judges should be asked to recuse themselves on this grounds automatically. Only in this positive but defensive manner can we at this late date begin to take charge of our lives by denouncing the lie of "anti-Semitism" and confronting those whose practices are based on deception.
Remember the motto of Israel's elite organization, the Mossad: "By way of deception thou shalt make war."
going to have to ask you to shut the fuck up. you are really and truly embarrasing yourself.
" What are ya looking for, Brody? Big Sid aint here to help you no more." - "The Flamingo Kid"
"What the fuck is with this guy; who is he?" - Jefferey Lebowski
http://www.youtube.com/watch?v=nzwhYYPXoTc
http://www.youtube.com/watch?v=vxuqj616pYM
vexed: annoyed, frustrated, or worried.
"investigators said they were [annoyed, frustrated, and / or worried] by SAC's repeated appearance in routine screens of suspicious trading near mergers and acquisitions, earnings announcements and other market-moving news."
Why is someone we're not allowed to attack breaking the law. It vexes me. I'm terribly vexed.
http://www.youtube.com/watch?v=0t2pWUWE1Y8
LIESman, cramer, ira ross sorkin, faber, greenberg, kaminsky, rovell, finerman.
A smattering of script reading chinks, blacks, and effeminate males.
cnbc.....this exposed example of the protocols of the learned elders of zion may as well be broadcast from the bowels of 85 broad street or tel aviv for what it is, and who and what it serves.
Since Sen. Grassley's office went public with the document requests, SAC has hired two of the senator's former staffers, Kenneth Cunningham and Cory Crowley, as consultants to dig up dirt on Grassley for blackmail moving forward
There ... fixed that for ya
LOL, blackmail Grassley? Are you kidding? Oh yeah, Chuck is the victum here. Poor Chuck! Gimme a break. Chuck's fellows got hired to help and plan laundering money and power to Chuck. He wants a cut of that 14 bil Cohen is sitting on since the ethanol racket is drying up. Thieves fighting over the take.
Grass roots, aye?
http://www.breitbart.tv/breitbart-i-have-e-mails-showing-organized-plan-for-occupywallstreet-protests-to-destabilize-government/
PS Balanced and Fair.
khazarian "jews".
overrepresented in media, treason, government, embezzlement, college administration, court rooms, union leadership, abortion advocacy.
underrepresented in military and civil service.
Hitler was right.
I don't agree underrepresented in military service. Some of them went through it in their youth, in the Israeli Defense Forces (they accept foreign joos in non-combat roles).
Epiphany! Doctor copper does not look strong, but looks like it is going to have a run up after being battered.
Copper priced in Gold looks ready correct a 5 wave move down.
http://oahutrading.blogspot.com/2011/10/doctor-copper-priced-in-gold.html
Inter-Market from C3X which gava advance signals on Oct 2 about the impending rally in risk as the FX portfolio from C3X clocks over 2000 pips in a difficult month
http://capital3x.com/trades/insight-and-analysis-from-forex-markets/
The performance comes after Sept where the performance was an incredible 3000 pips.
Their latest analysis is UP
How The NY Fed, Under Stephen Friedman & Tim Geithner Pressured AIG Officials To Withhold Details Of Payments To Goldman Sachs, Other Counterparties
http://dailybail.com/home/how-the-ny-fed-under-stephen-friedman-tim-geit...
Let the hanging begin I say.
LOL- Chuck Grassley needs to get a job..... Dude is exactly what is wrong about politics- he's encrusted himself into that office for so long, he can't remember who he takes money from.... Chucks only defense is "hey, at least I don't suck as badly as Barney Frank"....
...and he would know just how badly ol' Bawney sucks...
oh you mean it is not only swarthy dot-indians the ones ripping off investors, but also the priestly cohenim? <shocked>
All these insider trading regulations, getting in the way of wealthy Job Creator like SAC...
short gmcr for fucks sake...lousy earnings delaying bastards