Tagged: insider trading

Galleon insider-trading probe widens

Widening the insider-trading probe involving Galleon hedge-fund founder Raj Rajaratnam, federal prosecutors reportedly now are examining if a Goldman Sachs board member gave inside information about the Wall Street firm during the height of the financial crisis.  Law Professor Tamar Frankel, an authority on securities law and author of “Trust and Honesty: America’s Business Culture […]

SEC cracking down on insider trading

After fumbling the probe into Bernie Madoff’s multibillion-dollar fraud, the Securities and Exchange Commission reportedly is ramping up insider-trading investigations.  Law Professor Elizabeth Nowicki, a former SEC and Wall Street attorney, says traders at hedge funds, investment banks, and brokerages should beware. “The SEC has finally aggressively asserted itself — in what appears to be […]

Countrywide ex-CEO charged with fraud

The SEC is charging mortgage pioneer Angelo Mozilo, the ex-CEO of Countrywide, with fraud and insider trading for actions that triggered the sub-prime meltdown.  School of Law Professor Tamar Frankel, an authority on securities law and legal ethics, says it’s about time the feds went after the big fish instead of just the “small fry” […]

First SEC case alleging credit-default-swap insider trading

Law Professor Tamar Frankel, an authority on securities law and legal ethics, applauds the Securities and Exchange Commission for bringing its first insider-trading case involving the unregulated financial world of Credit Default Swaps. “It makes good sense for the SEC to start prosecuting in the area of credit swaps. First, one can learn a lot […]