insidertrading

posts about #insidertrading more →
"Learn To Love Insider Trading," by The Wall Street Journal
Alleged Insider Trader Tries to Rally His Troops
Raj Rajaratnam's Awesome Insider Trading Adventure
Mark Cuban's High Definition Dreams Crushed By Time Warner
Mark Cuban's overclocked lifestyle — the 60-second version
Mark Cuban fights back
Mouthy Mark Cuban Charged With Insider Trading
Blog maverick charged with insider trading
Why LinkedIn's getting into the insider-trading business
SEC Not Amused By Married Couples' Insider Trading Foibles

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BettyCrocker
10/26/09

In reply to "Learn To Love Insider Trading," by The Wall Street Journal
The WSJ has long been the engine of deregulation, so this comes as no surprise. Too bad they're so stupid and shortsighted that they don't realize that regulation and enforcement actually make the markets more efficient and instill investor confidence. #insidertrading
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BettyCrocker
10/26/09

In reply to "Learn To Love Insider Trading," by The Wall Street Journal
The WSJ has long been the engine of deregulation, so this comes as no surprise. Too bad they're so stupid and shortsighted that they don't realize that regulation and enforcement actually make the markets more efficient and instill investor confidence. #insidertrading
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seyswho
10/24/09

In reply to "Learn To Love Insider Trading," by The Wall Street Journal
"Parsing the difference between legal and illegal insider trading is futile-and a disservice to all investors"

Nope, it's not. It's a disservice to most investors if you don't identify illegal activity. And identifying this activity is not as difficult as some people make it out to be. Everyone gets so bogged down with specific rules in ethics matters that they forget that ethics are based on feelings. If it feels sketchy at all, it's sketchy. If it feels good, it's good. Even if you're totally evil, you still know right from wrong. I tend to think that at least a bit of conscious is inherent in all of us, but statements like this make me wonder.
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Edited by seyswho at 10/24/09 8:19 PM seyswho was starred seyswho was unstarred

raincoaster
10/24/09

In reply to "Learn To Love Insider Trading," by The Wall Street Journal
WHERE is Rosa?

Socialism Now! Socialism Tomorrow! Socialism Forever! #insidertrading
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Bindlestiffy
10/24/09

In reply to "Learn To Love Insider Trading," by The Wall Street Journal
Not only is Insider Trading NOT difficult to detect, with computers it's become easier. The Goldmans and 'Rat'mans of the financial worls all wrongly profit from information kept from the ordinary investor. Their trades are often segmented and targeted via options and blocks, that even through 3rd parties, have to be reported. The miracle is when they lose money (they then get bailed out, either by the Fed's artificailly low interest money available to them through the discount window or emergency measures like TARP). For years the SEC has msihandled what it could prevent because the government did not want it to enforce the laws on the books.
The repeal of Glass-Steagall and the ability of Credit Card companies to charge 120 times the Fed Funds target rate (30% vs 0.25%) has engendered the largest continued rape of the public since the incident with the Sabines. #insidertrading
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takeouteurotrash
10/24/09

In reply to "Learn To Love Insider Trading," by The Wall Street Journal
Foster, I have to (somewhat) disagree with you. Assets are always priced at "real value," in that people are comfortable purchasing said assets at that price. It's true that firms inflate these values, but it also doesn't mean prices, at any given moment, are truly "off."

Insider trading is very difficult to qualify. When is it okay to act on information? How do we regulate when and how certain people in the industry receive information? When it's published in a public medium (blog, paper, radio, television, etc.)? Isn't this theory off, in that you're aligning all matters to be "fair," when they simply can't? If I'm at a bar and overhear two junior law associates discussing a deal in the pipelines, is it unethical to move on that information? Furthermore, should CNBC be regulated in response to their colossal fuck-up with regards to yesterday's MSFT "lowered revenue guidance" reporting? Aren't investors with access to BBerg terminals more apt to make better financial decisions than some day trader working from his mother's basement, using finance.yahoo? Is that not fair?

I agree that Raj/Galleon should most likely be scrutinized for how he/they obtained his/their information. However, for regulators to spend a significant amount of time, money, and energy embarking on a great financial witch-hunt, (which, as you somewhat noted, is in direct response to the SEC fucking up re: Madoff) I find these objectives warm and fuzzy, yet fruitless.

(For what it's worth, I picked up the journal today and read the account. WSJ is usually pretty great with assigning two writers to "face-off" within the weekend section. Unfortunately, this did not occur.) #insidertrading
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resipsaloquacious
10/24/09

@takeouteurotrash: Not a great example. The bar patron overhearing a deal in the works is not the typical inside trading case. He would not be considered the typical insider

Insider trading is illegal for very good reason. Most importantly to prevent insiders (BOD members, officers, employees and family members) from cashing in. The Bodreuax jackass just wants to make some hay by making an outlandish position, which will probably get him a few more high-fives at his country club driving range. #insidertrading
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gticlutchburn
10/24/09

@takeouteurotrash: This isn't about traders with Bloomberg terminals making better decisions than someone reading Yahoo finance. It's about material non-public information that won't be disseminated for days, if ever, not someone getting a press release 5 seconds early. #insidertrading
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takeouteurotrash
10/24/09

@resipsaloquacious: I wasn't using the bar patron as an example, per se. Rather, I was trying to show correlation with regards to "fairness." Notice I didn't present the argument (creating or moving a position off non-privy information) as illegal, but rather unethical.

I agree the author was playing the contrarian card, but I'll still hold to my thoughts regarding the SEC not utilizing their capital (both intellectual and financial) on people whispering about particular markets. #insidertrading
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takeouteurotrash
10/24/09

@gticlutchburn: I understand that, but at what cost? And should investors be jailed for utilizing a third-person source that most aren't privy to? Probably.

However, if a person or entity invests in a bberg term. and has broader access to information than someone utilizing finance.yahoo (a free medium to derive finance-related information), the playing field is certainly not leveled, nor can it ever be.

Working to grasp "fairness" will forever leave one empty-handed.

Interesting article, describing exactly that, from this weekend's WSJ: [online.wsj.com] #insidertrading
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Whittaker
10/24/09

In reply to "Learn To Love Insider Trading," by The Wall Street Journal
This is actually a very popular argument, so the OMG bullshit isn't really necessary.

Prosecuting insider trading for the sake of prosecuting it is pointless.

Who is providing the inside information? Who is profiting from the inside information? Who is being harmed?

There aren't many combinations you can come up with where the victim isn't already protected through another area of existing law.
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Uncle_Billy_Slumming
10/24/09

In reply to "Learn To Love Insider Trading," by The Wall Street Journal
Bait and switch! I thought this was going to be about the kid who won the international Monopoly competition. #insidertrading
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son of spam
10/20/09

In reply to Alleged Insider Trader Tries to Rally His Troops
Ten minutes wasted. #rajrajaratnam
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Looking Busy at Work
10/20/09

@son of spam: it took you 10 minutes to read that article? #rajrajaratnam
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Matt Cherette
10/20/09

@Looking Busy at Work: If you had read the article yourself, you would understand his comment. #rajrajaratnam
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son of spam
10/20/09

@mattchew03: Thanks, Mattchew. I guess you read the article. #rajrajaratnam
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Looking Busy at Work
10/20/09

@mattchew03: i read the article. i was being sarcastic #rajrajaratnam
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Matt Cherette
10/20/09

@Looking Busy at Work: Ah, I see. Apologies! #rajrajaratnam
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BookishLookish
10/19/09

In reply to Raj Rajaratnam's Awesome Insider Trading Adventure
I heard he owns all the Sri Lankan-run porny shops in New York City. Gents, get your tugs and mags in today, tomorrow they may be shuttered. #crime
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Trai_Dep
10/19/09

In reply to Raj Rajaratnam's Awesome Insider Trading Adventure
Between High Frequency Trading sucking out billions from the equity markets before everyone else (with no corresponding value-add) and hedge funds reliant on schemes like this, it'll be a looong time before the markets are seen as safe for 98% of investors.
Way to screw the economy, guys. Thanks! #crime
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bboston88
10/19/09

@Trai_Dep: Am I just cynical now or was I naive before because it just all seems so completely corrupt. #crime
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Cynical Media Bitch
10/19/09

@bboston88: These are not mutually exclusive emotions. The last year or two have been a painful education for many of us. #crime
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bboston88
10/20/09

@Cynical Media Bitch: Glad I'm not alone. I feel like I've been so stupid and naive for so long. Thinking people were actually...honest (for the most part). Crazy me :-) #crime
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Mount_Prion
10/19/09

In reply to Raj Rajaratnam's Awesome Insider Trading Adventure
Isn't "Mr." Moffat actually Buffalo Bill? #crime
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Chore Boy
10/19/09

@Mount_Prion: My brain is pickled by that reference but the rest of me applauds you. #crime
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FormerEnglishMajor
10/19/09

In reply to Raj Rajaratnam's Awesome Insider Trading Adventure
Danielle looks like she was rode hard and put away wet. Yikes. #crime
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abettertomorrow
10/19/09

In reply to Raj Rajaratnam's Awesome Insider Trading Adventure
seeking alpha, indeed #crime
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SuperBien
10/19/09

In reply to Raj Rajaratnam's Awesome Insider Trading Adventure
On or about August 22, 2008 at approximately 11:00 a.m., BUD FOX called WEIRD GUY IN SOME NEWS ROOM on JACKSON-STEINEM Landline D. When WEIRD GUY picked up his line, BUD FOX said "Blue Horseshoe Loves Big Blue" . . . #crime
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