Posts tagged ‘confidential information’

Giving a bribe. Close-up of businessman giving money to another man in formalwear

Back to Basics for Insider Trading

Who cares whether the original tipper got a quid pro quo?

Todd Newman and Anthony Chiasson –hedge fund portfolio managers whose 2008 convictions and prison sentences1 for insider trading were just vacated by the Second Circuit Court in New York — can thank a Wall Street insurance analyst by the name of Raymond Dirks for their new-found innocence and freedom.


The David Einhorn Affair

Would the outspoken hedge fund activist really have been free to trade in the U.S.?

As a securities attorney, I am baffled by the news reports on hedge fund manager David Einhorn’s insider trading run-in with the U.K.’s Financial Services Authority (FSA), which Einhorn just settled for $11.2 million.