Reuters: Stevie Cohen's SAC Capital involved in insider trading

Wall Street wouldn't exist if not for insider trading. Why on Earth would they spend billions on infrastructure without having a way to guarantee profits?
 
They should just legalize insider trading, like they should legalize marijuana.. The chinese wall would come crumbling down and no one would be able to profit from it. There would be no surprise and no gap to profit from....Then they would have to profit from mis information :p like the kid that sent in the emlx report to CNBC back in the day...ohhhh that was a doooozy

back in the 30's I would understand, but in the age of information it would be dissiminated and discounted imidiately wouldnt it?
 
Quote from puretruth:

He can try to sue me, no problem ,he might win in court BUT HE WILL NEVER GET 1 DIME ...most of what I "have" is not even in my name (You don't need to be called SC or George Soros to structure things this way)
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thanks for letting us know. your veils will be easily pierced with a bit of investigations.
 
Quote from ElCubano:

They should just legalize insider trading, like they should legalize marijuana.. The chinese wall would come crumbling down and no one would be able to profit from it. There would be no surprise and no gap to profit from....Then they would have to profit from mis information :p like the kid that sent in the emlx report to CNBC back in the day...ohhhh that was a doooozy

back in the 30's I would understand, but in the age of information it would be dissiminated and discounted imidiately wouldnt it?
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My single biggest trading day to date. Wow that was nuts.
 
hard to believe they will prosecute a white elite like stevie cohen, raj rajaratnam was a sri lankan blackie who had no friends in high places, not so for stevie
 
Quote from flytiger:

You don't think the Feds have a file a mile thick? You don't think all the people he, how shall I say, intimidated, aren't spilling their guts??

This guy goes all the way back to Gruntal 30 years ago. This is going to like watching a cat unwind a ball of yarn.
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crap, absolute nonsense.
 
Quote from flytiger:

Too funny. Watch and learn.
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You been saying that for years, yet the best results you can show are some scapegoats taking dives. Nothing has changed.
 
Quote from Anaconda:

You been saying that for years, yet the best results you can show are some scapegoats taking dives. Nothing has changed.
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The DOJ initiated an investigation on behalf of tiny Sedona Corp in December of 2003. It's still going on. The first lead investigator is gone. A new one is in place. The investigation continues. It was the reason they uncovered Refco. And it continues, until, as I've heard, "we get the top guy. Because if we don't, it continues."

That is your Sith Lord. And it's coming. Patrick thinks it's Stevie. I think it's bigger. He's got better sources than me. I have good instinct. And this smells like a duck.

You can see by the Bear HF guys, the Govt has to be perfect to convict. When this is over, it'll be RICO and perfect. And it's close, for reasons I have no interest in divulging to you. And if you have kids, or plan to, you better goddamn hope I'm right.
 
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