Crusading US Attorney Preet Bharara, famous for bringing down two insider-trading rings associated with the hedge fund Galleon Group, has worked with the Federal Bureau of Investigation and the Securities and Exchange Commission to bring down another insider-trading ring, this one comprised of analysts and hedge fund employees …
On a related note. . .
This is a only marginally interesting article, considering that we all know that the financial markets are thoroughly corrupt, and have always been thoroughly corrupt, and how they will always remain thoroughly corrupt. But what would really be interesting is to learn how NVidia's top executives, especially Jen-Hsun Huang, have managed to stay out of prison for intentionally misleading investors and analysts, violation of various laws regarding financial reporting, and similar..
Wasn't there something a while back about making short-selling illegal? Or was that just a dream?
I'm amazed the entire Dell board of directors hasn't been pulled, or is something to do with political donations?
That was for financial related stocks
There were calls from the freetards, fascists, and marxists
to abolish naked short selling, but no sane person in finance or politics would ever call for doing away with short selling entirely. It's a tool that is frequently used by producers to lock in a price for a good, especially farm goods. If the market has bid the price of corn up to $5.25 a barrel and you have expect to harvest 100,000 bushels, you can lock in that price by shorting 100,000 bushels at $5.25. Of course, you better be sure you can deliver the 100,000 bushels when the time comes.
Hang them all
...including the Dell board and anyone providing insider information. Donut Boy should probably be #1 to be prosecuted.