Thursday, 18 September 2014
Last updated 8 hours ago
Feb 28 2012 | 5:35am ET
The U.S. Justice Department has charged more than 60 people during its three-year-long crackdown on insider-trading. But that, it seems is only the beginning.
Authorities are working to build cases against twice as many people still, with about 120 people in the crosshairs as targets, The Wall Street Journal reports. And that figure is just half of the 240 people that the government is investigating, hedge fund managers among them.
"We've identified them, and now of course we have to build a case around that," the Federal Bureau of Investigation's David Chaves said. The roughly 120 "subjects"—the half of those under investigation whom the Feds do not necessarily believe have broken the law—could be asked to assist in the investigation, Chaves, who heads one of the two teams running operation "Perfect Hedge," added.
Federal prosecutors have won 57 convictions or guilty pleas. A total of 66 people have been charged with insider trading over the past two-plus years.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.