Senate Passes Weakened Version Of Bill To Prevent Lawmakers From Insider Trading

Senate Passes Weakened Version Of Bill To Prevent Lawmakers From Insider Trading

It’s been a few months since we last heard much about the STOCK Act, the legislation intended to close the loophole that has allowed lawmakers (and their aides) to profit from insider trading. Well, it’s finally worked its way through the Senate, but not without losing a few teeth. [More]

Listening To Michael Douglas Could Mean Missing Out On A Reward

Listening To Michael Douglas Could Mean Missing Out On A Reward

If money is your motivation in reporting insider trading, some experts are saying don’t go right to the FBI, even if Michael Douglas urges you to. The actor appears in a recent FBI public service announcement referencing his character from Wall Street, Gordon Gekko, targeting financial fraud. [More]

Senate Inches Closer To Ending Insider Trading By Lawmakers

Senate Inches Closer To Ending Insider Trading By Lawmakers

Sometimes good things come out of Presidential election year grandstanding. After years of reaping the benefits of a loophole that allowed insider trading by members of the Senate and House of Representatives (and their aides), legislation to stop this behavior is closer to becoming reality. [More]

Here's Why Congressmen Are Allowed To Make Insider Trades

Here's Why Congressmen Are Allowed To Make Insider Trades

As we mentioned a couple months ago, Congressmen aren’t subject to the same insider trading regulations as the rest of us. Some elected officials have reportedly crossed the ethical line to inflate their personal wealth, using secret knowledge to make timely stock trades. [More]

Report: Insider Trading Is Illegal Unless You're A Congressman

Report: Insider Trading Is Illegal Unless You're A Congressman

Thanks to a loophole in federal law, those elected to Congress are allowed to use inside information to buy and sell stock. Some allegedly take advantage of the information for personal gain. [More]

Hedge Fund Billionaire Convicted On Insider Trading Charges

Hedge Fund Billionaire Convicted On Insider Trading Charges

The Justice Department has managed to nail a hedge fund billionaire believed to be one of the many driving forces behind the financial crisis. The billionaire, the founder of the defunct hedge fund management firm Galleon Group, was convicted on 14 counts of fraud and conspiracy. [More]

FBI Raids 3 Hedge Funds In Massive Insider Trading Probe

FBI Raids 3 Hedge Funds In Massive Insider Trading Probe

The FBI showed up with search warrants at the office of three different hedge funds today as part of a huge insider trading probe. Sources say it’s a prelude to the biggest insider trading bust of all time. [More]

SEC: Countrywide CEO Called Mortgages "Toxic" Three Freaking Years Ago

SEC: Countrywide CEO Called Mortgages "Toxic" Three Freaking Years Ago

Today, as expected, is a crappy day for former Countrywide CEO and co-founder Angelo “Orangey Orangerton” Mozilo. The SEC is suing Mr. Mozilo along with several of his colleagues, claiming that they profited from stock sales while hiding information from investors.

Lawsuits: Countrywide Ex-CEO To Feel Wrath Of SEC

Lawsuits: Countrywide Ex-CEO To Feel Wrath Of SEC

His extreme orangeness, former CEO and founder of Countrywide Home Loans Angelo Mozilo, is about to be slapped with civil fraud charges, according to the Wall Street Journal.

Wal-Mart Whistleblower Finally Has New Job (At Wal-Mart), But Says Ordeal Was Harrowing

Wal-Mart Whistleblower Finally Has New Job (At Wal-Mart), But Says Ordeal Was Harrowing

When Chalace Lowry reported her suspicions that her boss was possibly engaged in insider trading, it set off a four-month-long ordeal where she was questioned repeatedly by various departments within the company, outed to her boss as the snitch, and—when she subsequently requested a transfer—told she had 60-90 days to find a new position on her own or get out—not the most supportive response from a company that only a few months earlier sent her to a training seminar on corporate ethics.