Markets

Traders, The FBI Is Watching You Tweet

[credit provider=”AP Images” url=”http://www.apimages.com/OneUp.aspx?st=k&kw=fbi%20agents&showact=results&sort=relevance&intv=None&sh=10&kwstyle=and&adte=1336400337&pagez=60&cfasstyle=AND&rids=89f19667abe4da11af9f0014c2589dfb&dbm=PY2004&page=1&xslt=1&mediatype=Photo”] (Reuters) – The FBI sees social media as a potential breeding ground for securities fraud, and has agents scouring Twitter and Facebook for tips, according to two top agents overseeing a long-running investigation into insider trading in the $2 trillion hedge fund industry.April Brooks, a special […]
Traders, The FBI Is Watching You Tweet
News

Cantor Says House GOP Will Push Insider Congressional Trading Ban Next Year

[credit provider=”Flikr” url=”http://www.flickr.com/photos/medilldc/5369711291/sizes/m/in/photostream/”] In an interview with 60 Minutes’ Lesley Stahl, House Majority Leader Eric Cantor pledged to move forward with a bill banning congressional insider trading early next year.”We wanna make sure that the public understands we abhor that kind of conduct,” Cantor said. “We’re gonna build on the […]
Cantor Says House GOP Will Push Insider Congressional Trading Ban Next Year
News

Here’s The SEC’s Statement On Why It Can Prosecute Members Of Congress, But Doesn’t

[credit provider=”Wikimedia Commons / www.flickr.com/tracy_olson” url=”http://www.flickr.com/photos/tracy_olson/61056391/”] Last month, ’60 Minutes’ blew open allegations of long-standing insider trading practices by members of Congress, sparking a national debate about lawmakers getting rich off the people they serve.The Senate Homeland Security and Governmental Affairs committee is holding a hearing today into ways to […]
Here’s The SEC’s Statement On Why It Can Prosecute Members Of Congress, But Doesn’t
News

Insider Trading Crusader Scott Brown Only Wants To Ban SOME Congressional Corruption

[credit provider=”Wikimedia Commons”] Massachusetts Senator Scott Brown emerged as Washington’s latest anti-corruption crusader this week, introducing a new bill that would put a stop to the apparently rampant insider trading by members of Congress.The legislation, known as the STOCK Act, is limited to active trading. Under its provisions, members and […]
Insider Trading Crusader Scott Brown Only Wants To Ban SOME Congressional Corruption
News

Congressman At centre Of Insider Trading Scandal Denies Accusations

Rep. Spencer Bachus (R-AL) is denying claims raised in a new book and a ’60 Minutes’ report that he engaged in insider trades using information he obtained in his position as the Ranking Member of the House Financial Services Committee in the midst of the 2008 financial crisis.
Congressman At centre Of Insider Trading Scandal Denies Accusations
News

Rick Perry Seems To Have Forgotten His Long History Of Cronyism

Newly — and fiercely — critical of using public office for personal financial gain, Gov. Rick Perry this week unveiled a campaign ad demanding that lawmakers who use “insider knowledge to profit in the stock market” be jailed, and he rolled out an overhaul plan of the federal government that […]
Rick Perry Seems To Have Forgotten His Long History Of Cronyism
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