Posts tagged ‘NEW YORK’

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.

iStock_000003565498XSmall

‘Cristina’s World’

Argentine President Fernández prays for a just result

She just lost her appeal in the US courts, but Cristina Fernández, President of Argentina, is as determined as her adversary, billionaire hedge funder Paul Singer, to have the last word.