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Insider trading criminal investigation completed, indictments expected

Discussion in 'Economics and Financials' started by padre31, Nov 21, 2010.

  1. padre31

    padre31 Premium Member Luxury Box

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    inching to 100k posts
    http://online.wsj.com/article/SB100...24831742191288.html?mod=WSJ_hp_LEFTTopStories

    WSJ is funny about cut and pasting stuff from their website so I'll just hit the highlights:

    - 3yr long probe

    -consultants were used as middle men for passing non public information

    -Broadband Research informed clients they had vists from the FBI.

    Electronic Trading Bots are so prevalent on Wall St it would be quite easy to collude to manipulate prices of shares as some Bots literally make thousands of trades over minute fluctuations in share prices.
     
  2. Stringer Bell

    Stringer Bell Post Hard, Post Often Club Member

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    I think insider trading should be legal, but its certainly good to hear that those breaking the law will be brought to justice.
     
  3. Eshlemon

    Eshlemon Well-Known Member

    -Goldman Sachs bankers leaking info on transactions.
     

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