CBS2-Header-Logo WFAN 1010WINS WCBS tiny WLNYLogo

Insider Trading

SAC Capital headquarters in Stamford, Conn. (credit: Getty Images)

Stamford Hedge Fund Sentenced For Insider Trading To Pay Largest Ever Criminal Fine

U.S. District Judge Laura Taylor Swain formally administered the sentence on SAC Capital LP and three related entities under a $1.8 billion deal.

04/10/2014

SAC Capital headquarters in Stamford, Conn. (credit: Getty Images)

Second Portfolio Manager From Stamford-Based Hedge Fund Convicted Of Insider Trader

When prosecutors announced the case against Mathew Martoma in November 2012, they said it may be the most lucrative insider trading scheme of all time.

02/06/2014

SAC Capital headquarters in Stamford, Conn. (credit: Getty Images)

Judge: Hedge Fund Manager’s Fainting Spell Can’t Be Used As Evidence

A jury will not hear about how a former hedge fund manager fainted in front of his Florida mansion when federal agents showed up to talk about his alleged involvement in insider trading.

01/06/2014

Michael Steinberg, right, in March 2013 (credit: Getty Images)

Former Hedge Fund Manager Faints Just Before Guilty Verdict Read

Just as the Manhattan jury handed its verdict sheet to the judge Wednesday, the former hedge fund manager fainted on the defense table.

12/18/2013

Gavel (file / credit: clipart.com)

Hedge Fund SAC Capital Admits To Insider Trading

One of the world’s most powerful hedge funds pleaded guilty this week to insider trading charges.

11/09/2013

SAC Capital Advisors portfolio manager Michael Steinberg walks out of a New York courthouse after being charged by U.S. prosecutors with engaging in insider trading on March 29, 2013. (credit: Spencer Platt/Getty Images)

Feds File Insider-Trading Charges Against Hedge Fund SAC Capital

Federal authorities in New York City announced the criminal charges against SAC Capital Advisors on Thursday. SAC is charged with wire fraud and four counts of securities fraud, but owner Steven Cohen is not charged.

07/25/2013

Gavel (file / credit: clipart.com)

Judge Spares Prison Sentence For Insider Trading Defendant

New York U.S. District Judge Sidney Stein came to court Wednesday determined to send a Massachusetts cooperator to prison for his inside trading conviction.

02/13/2013

Former Goldman Sachs executive Rajat Gupta enters federal court in Manhattan for sentencing - Oct. 24, 2012 (credit: Spencer Platt/Getty Images)

Former Goldman Sachs Executive Sentenced For Insider Trading

A former Goldman Sachs and Procter & Gamble Co. board member convicted of insider trading has been sentenced to two years in prison.

10/24/2012

Michael Douglas (credit: YouTube.com/FBI)

Michael Douglas, Gordon Gekko Star In New PSA Against Insider Trading & Securities Fraud

“Our economy is increasingly dependent on the success and integrity of the financial markets. If a deal looks too good to be true, it probably is,” Douglas says in the ad.

02/28/2012

The Seal of the Federal Bureau of Investigation (FBI) - File / Photo: Chip Somodevilla/Getty Images

Officials: 7 More Arrests In Wall Street Insider Trading Probe

Seven people have been arrested in an insider trading scheme that allegedly netted more than $61.8 million in illegal profits based on trades of a single stock, officials said.

01/18/2012

Financial Keyboard (file / credit: clipart.com)

Two Charged With Insider Trading In Manhattan

Federal prosecutors in Manhattan have charged two men with making $2.6 million in illegal profits on insider stock trades.

09/15/2011

Suspect In Insider Trading Probe Pleads Guilty In NYC

A San Diego man has pleaded guilty to insider trading charges in New York in a government crackdown on expert networking firm consultants who give illegal stock tips to hedge funds.

07/06/2011

Jury Convicts 3 Wall Street Traders In Hedge Fund Trial

Three stock traders have been convicted in the second federal trial stemming from a massive probe of insider trading at hedge funds.

06/13/2011

Insider Trading Graphic (credit: AP)

Insider Trading Probe Yields Guilty Plea In NYC

Don Chu entered the plea in federal court in Manhattan. He is among 13 people charged so far in a probe of those in the securities industry who give out inside information instead of legitimate research.

06/08/2011

Gavel (credit: CBS 2)

Closing Arguments Start In NYC Insider Trading Trial

The arguments were expected to last all day Wednesday. They’ll include the replaying of some of the hundreds of taped phone conversations made by the government.

06/01/2011

more