As if the government's hands-off approach to prosecuting Wall Street firms wasn't enough, Congress is in process of passing laws to lessen regulation for firms trying to go public so they can raise money without the usual disclosures. Guess what industry is licking their lips right now hoping this bill passes--the investment banking industry. The following is from yesterday's Washington Post:
Showing posts with label Wall Street. Show all posts
Showing posts with label Wall Street. Show all posts
Thursday, March 15, 2012
Tuesday, February 28, 2012
Insider Trading: Massive Investigation in the Works
Various news outlets are reporting that federal authorities are working on what sounds like a massive case to prosecute about 120 individuals in an insider trading crackdown on Wall Street.
The FBI has also released a video with Michael Douglas commenting on the problems of insider trading. It appears this is a focus of prosecution for federal authorities for the time being....
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