Fidelity Management's Portfolio Manager, MIT Sloan Grad and former Putnam Manager in Boston, George Stairs has been accused by Hong Kong's financial secretary of insider trading relating to shares of Chaoda Modern Agriculture Holdings Ltd, a Chinese vegetable and fruit supplier. The allegation is that Chairman of Chaoda Kwok Ho and the company's CFO...

The Securities and Exchange Commission (SEC) is investigating whether a number of firms traded on bets that the US market would fall just before Standard & Poors dropped the AAA credit rating. S&P told the U.S. Treasure on the afternoon of August 5 that it would be downgrading but said that its policies prohibit...

Jason Goldfarb, a lawyer, who passed info about mergers and acquisitions to ex Galleon Group trader Zvi Goffer was sentenced to three years in prison yesterday. Goldfarb, 33 pleaded guilty to passing information from attorneys two attorneys at Boston based Ropes & Gray LLP about transactions he was working on. One was his former...

With the guilty verdict against billionaire hedge fund founder Raj Rajaratnam, whistleblowers are expected to come forward to reveal what some think is a rampant activity. The whistleblowers have a lot to gain under the newly minted Dodd Frank Act which allows for a reward of up to 30% of what the government recovers...

Massachusetts will be regulating expert network firms, the first state in the nation to create rules as a result of the federal governments insider trading arrests. The new regulations will require state regstered investment advisers that pay expert network firms to get written certification that the firms are not subject to any confidentiality restrictions...

Hedge fund manager Chip Skowron III of FrontPoint Partners is the latest of manyΠto be charged with insider trading. Prosecutors charge that Yves Benhamou, a Paris based doctor, leaked inside information on a clinical drug trial. Skowron has been charged with conspiracy to commit securities fraud, securities fraud and obstruction of justice. Apparently,...

Warren Buffett's heir apparent David Sokol resigned in late March as a result of his alleged insider trading which scored him a quick $3 million in profit when he bought shares in a company called Lubrizol in January. That was just one week before Sokol recommended that Buffett's company Berkshire Hathaway invest in Lubrizol,...

A lawyer who worked at three major merger and acquisition law firms has been arrested and charged with stealing andΠpassing insider information on upcoming deals to a stock trader who bought and sold on the info, earning the duo over $32 million in the past five years. Attorney Matthew Kluger, 50Πand trader...

An FDA Chemist Cheng Yi Liang, 57 and his son Andrew Liang have been charged with conspiracy to commit securities and wire fraud, securities fraud and wire fraud from trades relating to Clinical Data Inc., Vanda Pharmaceuticals and several other publicly traded companies. The FBI found that Liang was using the FDA's secure database...

The prosecution's insider trading trial against Galleon's Founder Raj Rajaratnam is now in its fourth week and it appears that the strongest evidence comes from Rajaratnam's own words caught on the wiretap on his phone. Admitted source Anil Kumar testified that he had vacationed with Rajaratnam and that he had been paid $1 million...