Tuesday 25 October 2011

Gupta the next Rajaratnam?

Next big hedge fund manager to be convicted for insider trading(maybe). The SEC is working alongside the FBI to find these powerful businessmen who are doing side-deals and informing each other of potential opportunities. With the new technology available, the SEC is making it harder for such transactions to occur, however it also increases the flow of information that the traders are receiving, expanding their market knowledge into possible illegal grounds. However, they could make the case that any information that came into their hands was acquired by the internet so it was already public knowledge and therefore could not be pursued in court.
I'm interested in seeing the direction into which this case goes.

No comments:

Post a Comment