Fun with vulgar acronyms and Congressional insider trading with "the Midas of profanity."
The federal government has charged Scott London, a former partner at accounting powerhouse KPMG, of insider trading, in what might be one of the most stupidly brazen corporate crimes anyone has seen in quite some time.
While insider trading is banned in Congress, it's still completely legal for lawmakers to sponsor bills that could benefit the businesses and industries or their family members have invested in, and according to The Washington Post, 73 congressmen and women have figured out how to use this loophole—a jump from the 16 they found when they published this study in February.
After letting various scandals bounce around for months, Congress finally passed the STOCK Act that bans insider trading, and this time it's for real.
The SEC is filing charges against five individuals for illegally trading on a tip one man received while at an Alcoholics Anonymous meeting, an odd instance in which the organization's confidentiality rules dovetail nicely with securities law.
He's either a hero or a buffoon, but John Kinnucan, a tech analyst with Broadband Research, did nearly everything he could to goad the FBI until they came and got him.
In a case perfectly timed for the legislative zeitgeist (as Congress just passed two versions of a bill to block insider trading) the head of the House Financial Services Committee faces an ethics probe over allegations of... wait for it... insider trading!
Now that the Stop Trading on Congressional Knowledge (aka STOCK) Act has been passed by both the U.S. House and Senate.
The U.S. Senate has passed a bill that would ban insider trading by lawmakers and those in the White House (as requested by President Barack Obama), and now it'll go to the House of Representatives, which is reportedly "wasting no time" in addressing it.
President Obama's plea to ban Congressional insider trading may poll well and have bipartisan support, but it's already facing stiff resistance from lawmakers the morning after his State of the Union address.
Proving that insider trading in Congress can work both ways, The Wall Street Journal reports on a disturbing trend of hedge funds gaining valuable tips from lawmakers voting on and making multi-million dollar decisions.
In a post about the rules surrounding e-mail access for prisoners, Dealbook reporter Peter Lattman flags a weird auto-reply from Michael Kimelman, a hedge fund trader who got caught up in Raj Rajaratnam's big insider trading scandal
After being accused of particularly sneaky insider trading practices, Rep. Spencer Bachus, chairman of the House Financial Services Committee, is denying he did anything wrong.
Sen. Scott Brown is trying to stop the apparently widespread practice of members of Congress trading on inside information just days after 60 Minutes gave extra oomph to the issue.
A 60 Minutes report on Sunday examined the ways that members of Congress trade on inside, privileged information to make themselves rich — without breaking any laws.
Judge says harsh sentence--one of the longest ever for insider trading -- is necessary
If leaks are found, the credit agency could lose its license
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