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Insider Trading Crime: more books (19)

Fischer's Landing by Robert Alexander Nina, 2010-06-23
Frame-up by Gian Bordin, 2010-05-12
Securities Fraud: Detection, Prevention and Control (Wiley Finance) by Louis L. Straney, 2010-11-09
Confessions of a Wall Street Analyst: A True Story of Inside Information and Corruption in the Stock Market by Daniel Reingold, Jennifer Reingold, 2006-02-01
Den of Thieves by James B. Stewart, 1992-09-01

lists with details

CRG -- Getting Used To The Idea Of Double Standards: The Underlying Maxim Is "we
On October 9th, FTW broke a story on insider trading connected to the 911 His crime conspiracy to launder drug money to arrange the purchase of US
http://www.globalresearch.ca/articles/FLO112B.html

Extractions: On October 9th, FTW broke a story on insider trading connected to the 9-11 attacks on the World Trade Center that sparked worldwide controversy. In that story we reported how the Israeli Herzliyya Institute for Counterterrorism had documented that unknown individuals with accurate foreknowledge of the attacks had purchased an obvious and unusually large number of put options on United and American Airlines shortly before the attacks. Additional companies hit hard by the insider trading included Axa Re(insurance) and Munich Re as well as American investment giants Merrill Lynch and Morgan Stanley. Put options are essentially a bet that a stocks price will fall abruptly. The seller, having entered into a time-specific contract with a buyer, does not need to own the actual shares at the time the contract is purchased. Therefore, if a holder of the put option has a contract to sell a stock such as American Airlines for (e.g.) $100 a share on a Friday and the stock falls to $50 on Wednesday, they can purchase the stock, sell it on Friday and double their money. The person on the other end of the contract (the call) has an obligation to buy the shares at the agreed upon price. The bank handling the transaction as a broker is the only entity knowing the identities of both parties.
Making Economic Sense
A major difference between the crime of insider trading and the other crimes is that insider trading is a crime with no victims.
http://www.mises.org/econsense/ch50.asp

Extractions: Panic on Wall Street There is a veritable Reign of Terror rampant in the United Statesand everyone's cheering. "They should lock those guys up and throw away the key. Nothing is bad enough for them," says the man-in-the-street. Distinguished men are literally being dragged from their plush offices in manacles. Indictments are being handed down en masse, and punishments, including jail terms, are severe. The most notorious of these men (a) was forced to wire up and inform on his colleagues; (b) was fined $100 million; (c) was barred from his occupation for life; and (d) faces a possibility of five years in prison. The press, almost to a man, deplored the excessive lightness of this treatment. Who are these vicious criminals? Mass murderers? Rapists? Soviet spies? Terrorists bombing restaurants or kidnaping innocent people? No, far worse than these, apparently. These dangerous, sinister men have committed the high crime of "insider trading." As one knowledgeable lawyer explained to the New York Times: "Put yourself in the role of a young investment banker who sees one of your mentors led away by Federal marshals. It will have a very powerful effect on you and perhaps make you realize that insider trading is just as serious as armed robbery as far as the government is concerned."
The Attack On Martha - Mises Institute
The issue of insider trading seems to be straightforward, but it is not. Instead, the real crime, according to the government, was that family and
http://www.mises.org/fullstory.asp?control=989&FS=The+Attack+on+Martha
White-Collar Crime - Private Investigator, Private Detective, CT, MA, RI, NY, NY
A whitecollar crime refers to crimes committed by business people, insider trading According to the SEC, insider trading is trading that takes place
http://www.diogenesllc.com/whitecollarcrime.html

Extractions: A white-collar crime refers to crimes committed by business people, entrepreneurs, professionals, or public officials. White-collar crimes are different then street crimes because they are through deception and not force or violence. The New York Times recently reported that white-collar crimes are on the rise due to the bursting of the stock market bubble. Street crimes have decreased in the past decade, yet the rise in white-collar crimes is attributed to the baby-boom generation that is aging. The most publicized white-collar crimes of recent have included Enron, Adelphia, Global Crossing, Kmart, Qwest Communications Int'l, Schering-Plough, WorldCom, and Xerox. White-collar crimes can be prosecuted in state or federal courts depending on what laws were violated. The white-collar crimes being committed today are different then of the past possibly due to the change in demographic and economic forces. Technological advances that have increased white-collar crimes such as financial crime likely influence the shift in white-collar crime. The Association of Certified Fraud Examiners comments that white collar crime increases are due to society aging as well as the increase of education level. A white-collar crime often has a lesser punishment and the way white-collar crimes are being committed continues to become more complex. The head of the criminal division at the Justice Department has seen a large increase in accounting and disclosure cases, amongst other types of white-collar crimes. The largest increase of possible accounting white-collar crimes has been in the telecommunications, software, and energy areas. The Justice Department attributes the increase in accounting fraud white-collar crimes to the pressure for companies to meet revenues and projections.
An Insider's View Of The Martha Trial. By Henry Blodget
Stewart has, in fact, been charged with insider trading, but by the SEC, committed the classic insidertrading crime of which they were initially
http://slate.msn.com/id/2091480/entry/2091866/

Extractions: Henry Blodget, a former securities analyst, lives in New York City. Read his full-disclosure statement about his potential conflicts of interest in covering the Martha Stewart trial here For a complete listing of Blodget's dispatches, see Slate 's Guide to the Martha Stewart Trial , which also has links to related Slate articles. Wednesday, Dec. 3, 2003, at 7:31 AM PT In January, Martha Stewart will be tried for allegedly lying about, and conspiring to cover up, the reason she sold a quarter-million dollars of ImClone stock on Dec. 27, 2001. Stewart has always asserted that she sold the stock because it fell below a "predetermined price [$60] at which she planned to sell." The U.S. attorney, in contrast, alleges that Stewart sold because she heard that Sam Waksal, ImClone's CEO, was trying to sell his own stock in the company. The alleged crimes, in any event, took place after the sale. In a nine-count indictment, the U.S. attorney alleges that Stewart: conspired with her stockbroker, Peter Bacanovic, to obstruct justice, make false statements, and commit perjury (Count 1);
An Insider's View Of The Martha Trial. By Henry Blodget
If the US attorney had charged Stewart with insider trading, it wouldn t the insider trading the decision to charge her for an obscure related crime is
http://slate.msn.com/id/2091480/

Extractions: Henry Blodget, a former securities analyst, lives in New York City. Read his full-disclosure statement about his potential conflicts of interest in covering the Martha Stewart trial here For a complete listing of Blodget's dispatches, see Slate 's Guide to the Martha Stewart Trial , which also has links to related Slate articles. Tuesday, Dec. 23, 2003, at 7:52 AM PT The pre-trial forecast Having now reviewed the allegations and available evidence in "mind-numbing" detail (as one reader put it), we are in a position to draw some preliminary conclusions. Again, only a fraction of the evidence has been released, so these conclusions may change radically during the trial. something , however, its members may still grapple with whether charges of "conspiracy," "obstruction of justice," and "criminal securities fraud" are appropriate. These crimes are serious felonies; people convicted of them usually
Insider Trading
insider trading. crime. Presence on this list implies merely that, to the best of our knowledge, charges were filed against the people in question.
http://www.nndb.com/crime/648/000044516/

Extractions: This is a beta version of NNDB Search: All Names Living people Dead people Band Names Book Titles Movie Titles Full Text for Insider Trading CRIME Presence on this list implies merely that, to the best of our knowledge, charges were filed against the people in question. It is not meant to imply guilt, and in fact many of the individuals listed may have been found innocent of said charges. Some details of the charge in question can often be found inside the specific profiles linked. Name Occupation Birth Death Known for Eddie Antar Business 18-Dec-1947 Crazy Eddie Ivan Boesky Business 6-Mar-1937 Investment banker did insider trades Carl Karcher Business Founder, Carls Jr. chain Michael Milken Business 4-Jul-1946 Convicted financial executive Rene Rivkin Criminal 6-Jun-1944 1-May-2005 Disgraced Australian stockbroker Jeffrey Skilling Business 25-Nov-1953 Disgraced CEO of Enron George Soros Business 12-Aug-1930 Hungarian financial speculator Martha Stewart Business 3-Aug-1941 Professional housekeeper, insider trader Sam Waksal Business 8-Sep-1947 CEO, ImClone
Stephen Moore On Martha Stewart & Insider Trading
Libertarians have long argued that insider trading should not be a crime, because 1) there is no victim, and 2) because everyone who makes money in the
http://www.nationalreview.com/moore/moore200403090901.asp

Extractions: I 'm anything but a fan of Martha Stewart, and the idea of her stuck in a cage making baskets of potpourri for the next two years is not at all unappealing. Stewart lost all my respect when, after the first indictment against her came down, she accused her adversaries of being part of a vast right-wing conspiracy against her. Something tells me that the twelve men and women of the jury who convicted her of four felonies were not right-wingers getting back at her for her left-wing policy positions. Nonetheless, Stewart's felony conviction on Friday was a miscarriage of justice; there can be little doubt that she is being hung out to dry much more for her celebrity status and wealth than for her transgressions, which were minimal. She is in many ways a victim of the witch-hunt against corporate excess and corporate accounting scandals, all the rage on the left these days. Throughout this trial, what seemed to be forgotten was that Stewart's original crime, an alleged insider-trading deal with ImClone stock, can hardly be considered a crime at all. (I know that Stewart was convicted for lying to federal investigators, but the "lying" and obstruction-of-justice charges were all related to this one sale of stock that occurred 24 hours before the market tanked.)
John O'Sullivan On Martha Stewart On National Review Online
The feds suspected that Stewart was guilty of insider trading because she And though Stewart had not committed the crime, she had lied about not
http://www.nationalreview.com/jos/jos200403091137.asp

Extractions: I n most trials, the court attempts to select jurymen who know nothing about the case to be tried. It is assumed that, if someone knows nothing about the case, he can hardly hold prejudiced views about it. In the Martha Stewart case, the ideal juror would appear to have been someone who knew nothing whatsoever about Martha Stewart. Well, bully for her: She overcame these perceptions to build a commercial empire and become a success in a medium (television) already notorious for its synthetic and simpering "niceness" to begin with. That, at least, is my reaction. That's not a common reaction, however. Since well before the verdict, newspapers and television news programs have been slavering at the prospect of the "domestic diva" behind bars. To judge from the level of hostility to Stewart's personality, it must have been almost impossible to find a jury not prejudiced against her. And the guilty verdict delivered last Friday might almost be as much the jury's rebuke to her irritating perfectionism as a response to the evidence. For this is surely a case that should never have been brought in the first place.
Martha Stewarts Crime By Tibor R. Machan
Martha Stewarts crime. by Tibor R. Machan by Tibor R. Machan Indeed, the trial bore this out since the allegation of insider trading,
http://www.lewrockwell.com/machan/machan47.html

Extractions: by Tibor R. Machan Let me start by noting that I am no expert in SEC regulations. The law isnt my area of concern here, ethics is. Did Martha Stewart do anything morally or ethically wrong? What did she do? What we know of is that she had sold stock in a company that was about to go down before anyone else but some of her close pals knew this. We dont know how she came to decide to sell, whether it was because she was told about the future prospects of the company, because she had an educated guess guiding her, she overheard something that alerted her, she had friends in high places whose behavior indicated its time to sell, or perhaps there was an agreement, as she claims, that she should sell if the stock gets to a certain price. We know she sold in time to escape the effects of the companys downturn. Since in a free society the law ought only to punish those who have been convicted of some kind of rights violation, including failure to heed ones contractual obligations, it isnt possible to tell now whether Ms. Stewart did anything that should be illegal. Indeed, the trial bore this out since the allegation of insider trading, as vague as that idea is, was dismissed.
Another Defeat For Justice By Paul Craig Roberts
The prosecutors presented no such crime. Stewart was indicted and convicted for The prosecutors would have liked to charge Stewart with insider trading,
http://www.lewrockwell.com/roberts/roberts33.html

Extractions: by Paul Craig Roberts The Kafkaesque indictment, trial and conviction of Martha Stewart is a devastating blow both to the US legal system and to belief in the American socio-economic system. As Lawrence Stratton and I have demonstrated in our book, The Tyranny of Good Intentions , very little remains of the legal protections that once defined the Anglo-American legal system. Today hapless defendants are convicted not only in the absence of criminal intent but also in the absence of statutory felonies. Martha Stewart was indicted for lying and obstructing justice. For these offenses to have any meaning, there must be a crime that she lied about and obstructed. The prosecutors presented no such crime. Stewart was indicted and convicted for lying and obstructing a crime when no crime happened. Many Americans believe that Stewart committed "insider trading," because that is the disinformation her prosecutors used their media pimps to disseminate. The prosecutors would have liked to charge Stewart with insider trading, but could not. Stewart learned from her broker, not from a company insider, that a top executive was selling shares.
Free Martha Stewart! By Harry Browne
Railing against insider trading is consistent with the great American TV news or listening to the politicians, insider trading is a victimless crime.
http://www.harrybrowne.org/articles/MarthaStewart.htm

Extractions: Free Martha Stewart by Harry Browne June 4, 2003 Being against insider trading is like being against sin or being for apple pie. No decent, God-fearing, patriotic American wants to see insiders take advantage of honest investors. Unfortunately, apple isn't one of my favorite pies, and I'm not even sure I'm against sin. So I can't seem to get myself worked up about insider trading. Railing against insider trading is consistent with the great American philosophy: "If you don't get what you want, sue somebody." Whatever happens, don't take responsibility for your own life. Investors shouldn't have to think for themselves, and they shouldn't have to feel responsible for their investment losses. There are evil people out there who took advantage of them. The Old Level Playing Field The insider scandals have raised again the concept of the "level playing field." We're all supposed to compete on the level playing field of life in which, I suppose, no one has the advantage of being able to run downhill. I guess this means that all financiers will have to go to the same school of business, and all doctors will have to go to the same medical school
Insider Trading: Definition And Much More From Answers.com
insider trading n. The illegal buying or selling of securities on the basis of trading laws are not aimed at protecting the general public from a crime
http://www.answers.com/topic/insider-trading

Extractions: var tcdacmd="cc=bzs;dt"; Encyclopedia insider trading, stock market transactions made with knowledge of nonpublic information about corporate activity. In the United States, it has been illegal since 1934. The Securities and Exchange Commission regards it as unfair to investors who are not privy to such information. Several insider trading scandals shook Wall Street in the mid-1980s. Investment Insider Trading The buying or selling of a security by someone who has access to material, nonpublic information about the security. Investopedia Says : Insider trading can be illegal or legal depending on when the insider makes the trade: it is illegal when the material information is still nonpublictrading while having special knowledge is unfair to other investors who don't have access to such knowledge. Illegal insider trading therefore includes tipping others when you have any sort of nonpublic information. Directors are not the only ones who have the potential to be convicted of insider trading. People such as brokers and even family members can be guilty. Insider trading is legal once the material information has been made public, at which time the insider has no direct advantage over other investors. The SEC, however, still requires all insiders to report all their transactions. So, as insiders have an insight into the workings of their company, it may be wise for an investor to look at these reports to see how insiders are legally trading their stock.
Insider Trading In Singapore: A Shift In Focus
By making insider trading a quasicrime, countries are hoping that enforcement will be more effective and the legislation will become a deterrent.
http://www.accaglobal.com/publications/studentaccountant/943915

Extractions: global channels -interested? -students -members -affiliates -employers -tuition providers -news centre -comment -services ACCA services -Find an accountant -Making a complaint -acca100.com -ACCA Careers -ACCA Communities -ACCA Connect -ACCA Engage -ACCA Events -ACCA Mail -ACCA Publications -ACCA Realise -ACCA Rulebook -ACCA Shop -ACCA vision -Business Navigator -Directory of members -E-qualifications -Professional Standards In this section student accountant homepage students homepage Show all professional articles Show all technician articles ... Global Wrap Archive of Issues Choose an issue September 2005 August 2005 June/July 2005 May 2005 April 2005 March 2005 February 2005 January 2005 November/December 2004 October 2004 September 2004 August 2004 June/July 2004 May 2004 April 2004 March 2004 February 2004 January 2004 November/December 2003 October 2003 September 2003 August 2003 June/July 2003 May 2003 April 2003 March 2003 February 2003 January 2003 November/December 2002 October 2002 September 2002 August 2002 June/July 2002 May 2002 April 2002 March 2002 February 2002 January 2002 November/December 2001 October 2001 September 2001 August 2001 June/July 2001 May 2001 April 2001 March 2001 February 2001 December/January 2001 November 2000 October 2000 September 2000 August 2000 July 2000 June 2000 May 2000 April 2000 March 2000 February 2000 January 2000 Technical Articles by Paper
White Collar Crime Lawyer Attorney -identity Theft,fraud,insider Trading,money L
Collar crime ». Identity Theft Fraud insider trading Money Laundering White Collar crime Antitrust Tax Evasion Tax Fraud Healthcare Fraud
http://www.white-collar-crime-lawyer-attorney.com/

Extractions: Select a State: Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware D.C. Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina
AskMen.com - Insider Trading
insider trading Martha Stewart scandal. Which begs the questions what was her crime and what will her fate be? Let s first examine the facts,
http://askmen.com/money/professional_100/100_professional_life.html

Extractions: Tell me what you would like to see in this column: What is your job, what workplace issues affect you...? E-mail me and get your answers in upcoming features. When asked about Martha Stewart's recent trial outcome in which Stewart was found guilty on four counts of conspiracy, making false statements and obstructing justice law professor at DePaul University's College of Law, Mary Becker, stated that "it's hard to imagine a male in precisely this spot... targeting a woman is very consistent with dominant cultural values." oh, shut up Hearing Becker speak, one would think that attorney generals around the country were scrambling to take down high-profiled women in Corporate America. To Becker, all I can ask is this: When did you ever see former WorldCom CEO Bernie Ebbers, former TYCO CEO Dennis Kozlowski, former Enron CEO Jeffrey Skilling, and former CEO John Rigas in skirts and makeup? (no offense to the Scottish and metrosexuals, of course). After all, the fate reserved for Martha Stewart was if anything very consistent with the wave of righteousness sweeping Corporate America thanks to people like New York Attorney General Eliot Spitzer and his ilk. Mind you, Mr. Spitzer is probably looking out for his own political interests down the road; but, alas, that is another story for another day. In this light, Mary Becker is proving to be nothing more than a "Martha" groupie still in denial about Stewart's crime and eventual fate. Which begs the questions: what was her crime and what will her fate be?
Centre For Civil Society
If insider trading is largely a victimless crime requiring no special laws against it, then what should be done in a few cases where there are identifiable
http://www.ccsindia.org/people_pjs_victim.asp

Extractions: The Economic Times April 18, 2002 The best way to manage insider trading is by making it a private, civil offence and not by raising it to a public, criminal offence, says Parth J Shah Securities and Exchange Board of India (SEBI) is again set to tighten the law against insider trading. The law was first passed in 1992 and amended very recently in February 2002. As the amendment is more than ten times longer than the original law, one would have thought that SEBI must have plugged all the loop holes. But one would be wrong; a lot more work is apparently required to banish insider trading from the Indian securities market. The aim of insider-trading laws is to assure that no one would gain by trading on "insider" or "unpublished" information—information that is not available to all market participants. The ultimate goal is equal information to all market participants. The proponents see any inequality of information as unfair. Those who are more philosophically inclined would immediately see the parallels between the goals of the equality of information and the equality of opportunity. As history has demonstrated, even a totalitarian state is unable to achieve perfect equality of opportunity. What kind of draconian state would be required to implement equality of information?
Deterring Corporate Crime- ReclaimDemocracy.org
Prison terms for whitecollar crimes are also lengthening. The change in Wall Street s attitude toward insider trading shows that it is possible to
http://reclaimdemocracy.org/articles_2004/deterring_corporate_crime.html

Extractions: Published by the New York Times, March 8, 2004 No one of the jurors in the Martha Stewart trial, the guilty verdict reached on Friday "sends a message to bigwigs in corporations," said Chappell Hartridge of the Bronx. "They have to abide by the law. No one is above the law." In the last two years, prosecutors and juries have repeatedly sent corporate America the message that white-collar crime is a crime after all, starting with the prosecution of the accounting firm Arthur Andersen, which resulted in its conviction and demise in 2002. Since then, dozens of executives at Enron, Tyco International and other big public companies have been charged with fraud, obstruction of justice and other crimes. Many have pleaded guilty; others are being tried or awaiting trial. Now the prosecutions may have reached a critical mass that will make executives think twice before lying to shareholders and federal officials, experts on white-collar crime say.
Martha Stewart And Her 'Crime'
Martha Stewart and Her crime . by Tibor R. Machan insider trading laws aim to mimic rules of golf, baseball and football, all of which aim to even
http://www.strike-the-root.com/4/machan/machan36.html

Extractions: Martha Stewart and Her 'Crime' by Tibor R. Machan that will mix things up a bit. March 10, 2004 discuss this column in the forum Tibor Machan is a professor of business ethics and Western Civilization at Chapman University in Orange, Calif., and recent author of Neither Left Nor Right: Selected Columns (Hoover Institution Press, 2004). He is a research fellow at the Hoover Institution, Stanford University. Tibor Machan Archive back to Strike The Root
Insider Trading Books And Articles - Research Insider Trading At
insider trading Scholarly books and articles on insider trading at Questia, world s largest online library and research service.
http://www.questia.com/library/sociology-and-anthropology/criminology-and-crime/

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