Search results

You are not reading the article properly. "Reuters editors last week killed a story by investigative reporter Matthew Goldstein about hedge fund trader Steven Cohen after Cohen complained to top Thomson Reuters executives that he was being persecuted by the news agency’s reporting...

You can always write to Reuters and ask them why they cowered to Cohen. David.Schlesinger@thomsonReuters.com Devin.Wenig@ThomsonReuters.com If you do, don't forget to ask each how many other stories they pulled when they would have come out negative against some of the powerful elite of...

Reuters kills hedge fund story after pressure December 21st, 2009 TALKING BIZ NEWS EXCLUSIVE Reuters editors last week killed a story by investigative reporter Matthew Goldstein about hedge fund trader Steven Cohen after Cohen complained to top Thomson Reuters executives that he was being...

Group: SEC ices staff probes By: Eamon Javers December 17, 2009 12:44 PM EST New documents released by the Securities and Exchange Commission show that the agency tasked with regulating the nation’s financial markets has not taken any action on a host of allegations of internal...

The SEC and the Financial Industry: Evidence from Enforcement against Broker-Dealers Stavros Gadinis Harvard University - Harvard Law School August 11, 2009 Harvard Law and Economics Discussion Paper No. 27 Abstract: Recent financial collapses have focused...

It was my understanding that Statue of Limitations was based on 5-years after you first became aware. now there could be an end date as well but if you were deceived for 20 years and only found out last year, I would hope you had a legal right to seek restitution based on the fraud of deception...

But the profits in such an avoidance will be based on the quality of Citi Employees and have nothing to do with the handout. Bonuses for all.

Everybody knew Cohen was a crook who traded on nothing but inside information. Look up a former hedge Fund manager of SAC (Seth Kangis) and he was looked at for insider trading. Like the allegations of this suit, the authorities simply were not smart enough to put it all together. Kangis...

Peferect response. Lets hope Obama does the same. Bankers receive a salary for their work and a bonus based on revenues derived. In this case the revenues derived were not of their doing alone but was based in large part to the financing bailout by the governments. The bailout provided...

If only Immelt would come clean on his layoff numbers. How many people did GE terminate to make even the numbers they have? GE historically terminates the workforce and expects those that remain to pick up the slack so that Division heads can meet their numbers and get their bonuses...

This is hysterical. Isn't GE the same company that was helmed by the infamous "Neutron Jack"; the master of greed and meaness. Meanness and Greed Are Out, Immelt Says December 10, 2009, 5:55 am The United States stands at the end of a generation when greed drove leaders and “rewards...

This is yet another Goldman Con Game. The details of the $500 Million imply that half of it will be "invested" in small businesses. By the definition of investment, there is an expectation of a return and thus it is not a charitible contribution as this $500 Million has been touted to be...

Maybe it is Buffett pumping the markets. He has a big stake in Goldman and in GE and he and Goldman just came to a deal to invest $500 Million together. Maybe in their discussion he asked Goldman for a favor.

Stevie ain't paying for public information, he pays for non-public information and former employees have admitted as much. Cohen's profits don't come from trading early on the day of news, his profits come from trading days early of news which is the "inside" in inside information.

This is actually a way to cut business expenses so that more can be handed out as bonuses. lets face it, the money will be spent on employees one way or another. The only way that this could be done properly would be to have the cash that was to be spend on the party to be donated to...

Good point. My error.

Insider Trading by SAC has been discussed for much longer that 10 years. The activities by SAC have been fully accepted and ignored. Same for many others. Boesky and Miklen were anomalies in the bigger picture of what was really happening. And why is SAC being discussed, maybe because the...

And that has what to do with SAC and Insider Trading? In 1999 Insider Trading by the big players was fully accepted by regulators and Federal Agents, now it is not so well received.

You really have to wonder how SAC has survived unscathed all these years. Does anybody remember the WSJ article several years ago discussing SAC's fund Manager Seth Kanegis and possible insider trading activity involving him. It is quite amusing how SAC is spinning this. First Lee is a...

I may not be the most religious of people but my understanding was that God lived a relative modest lifestyle and gave back to others instead of seeking out personal enrichment. I seem to remember readings something about greed being considered one of the deadly sins. The list: "Lust"...