Insider Trading

RECENT NEWS
Bloomberg  Nov 4  Comment 
(Update3) Galleon Management LP founder Raj Rajaratnam’s trial in the U.S. Securities and Exchange Commission’s insider trading lawsuit will begin Aug. 2, U.S. District Judge Jed Rakoff ruled.
Mondo Visione  Nov 4  Comment 
The Financial Industry Regulatory Authority (FINRA) today announced that a former registered representative, Abhishek Uppal, has been barred from the securities industry for engaging in insider trading earlier this year.
The Economic Times  Oct 31  Comment 
IBM has replaced senior executive Robert Moffat as the head of its hardware division, saying he left the company two weeks after he was arrested in a high-profile insider trading scandal.
Mondo Visione  Oct 30  Comment 
The Securities and Exchange Commission today charged the former chief financial officer of a San Francisco private investment firm and six of his relatives and friends with insider trading, alleging that their scheme collectively reaped more than...
Clusterstock  Oct 29  Comment 
  John Carney, Editor, The Business Insider (7 min): Prosecuting insider trading is a waste of time and money It's impossible to police It harms no one It should be legalized Instead of spending millions trying to convict Raj...
The Globe and Mail  Oct 29  Comment 
Scheme by lawyers Gil Cornblum and Stan Grmovsek included ‘spelunking' to uncover corporate secrets, court documents say
Wealth Daily  Oct 28  Comment 
Not exactly the kind of "confidence" you'd expect in a recovery...
CBC.ca  Oct 28  Comment 
A former Toronto lawyer has pleaded guilty in an insider trading scheme that the Ontario Securities Commission alleges netted the man and his partner more than $9 million US over 14 years.
Reuters  Oct 28  Comment 
Insider traders may have taken the greed-is-good mantra to heart, but it's not the only thing that motivates them.
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TOP CONTRIBUTORS

Insider Trading involves trading of stocks and securities by a group or individuals who might have access to non-publicly available information which could affect the price of the company. There are two versions to Insider Trading:

  • The legal version of Insider trading involves corporate insiders (owners, directors or employees) buying or selling the company stocks. They are obligated to report such trades to the SEC as stated in the SEC forms 3,4 and 5[1].
  • Illegal Insider trading involves misappropriation of the non-public information by anyone. This could involve a breach of fiduciary responsibility or confidence while holding on to sensitive data about the company. It also encompasses "tips" and "hints" from a corporate insider to a friend, who now acts on this information









References

  1. SEC information on Insider Trading
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