Why did Best Buy stock jump before new takeover news?
FORTUNE -- Best Buy (BBY) stock yesterday opened trading at $11.95 per share. Then it ping-ponged higher throughout the day, before closing 1.92% higher $12.18. Decent day, but nothing too notable. Then came the aftermarket, in which Best Buy shares spiked all the way up to $12.85 at around 5pm.
It wasn't until several hours later that The Minneapolis Star-Tribune reported that Best Buy MOREDan Primack - Dec 13, 2012 10:14 AM ET
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Forcing executives to schedule their trades well in advance won't stop them from taking advantage of bad news.
Correction: 11/30, 3:00 PM.
FORTUNE -- When it comes to insider trading and executives, the market has always responded with a wink and a nod. By definition, every time an executive buys or sells a stock it's insider trading. Do CEOs have information that no one else has about their company? You betcha. Do MOREStephen Gandel, senior editor - Nov 29, 2012 1:32 PM ET
Is there something rotten in Deltek?
FORTUNE -- Deltek Inc. (PROJ) today agreed to be acquired by private equity firm Thoma Bravo for $1.1 billion, or $13 per share.
Here is how the company, which provides software solutions for government contractors, described the pricing:
The $13 per share offer price represents a 7% discount to Deltek's stock price on August 24, 2012 and a 24% premium over Deltek's stock price on June 11, MOREDan Primack - Aug 27, 2012 2:34 PM ET
Baseball great accused of profiting from an illegal tip.
FORTUNE -- Former Baltimore Orioles first baseman Eddie Murray today was charged by the Securities and Exchange Commission with illegally trading on inside information related to a 2009 merger. He also has agreed to settle by paying a $358,151 penalty, compared to the $235,314 he allegedly made off the illegal investment.
The case is related to insider trading charges brought last year against Doug DeCinces, MOREDan Primack - Aug 17, 2012 3:24 PM ET
Another day, another insider trading charge from the SEC.
This one is against Sherif Mityas, a partner and vice president with management consulting firm A.T. Kearney.
According to the complaint, Mityas and his firm were hired by The Carlyle Group in May 2010 to advise on the private equity firm's possible acquisition of NBTY, a publicly-traded manufacturer of vitamins and nutritional supplements. The deal had not yet been announced, and Mityas was bound by signed MOREDan Primack - Mar 15, 2012 12:35 PM ET
Ameriprise rep accused of leveraging info learned via Alcoholics Anonymous.
Insider trading is always about broken confidences, but there are degrees of degradation. The lowest of the low may have come today, when a financial advisor was accused by the SEC of trading on information gleaned through Alcoholics Anonymous.
The accused is Timothy McGee, a registered representative of Ameriprise Financial Services (AMP). According to the complaint, McGee met a senior executive of Philadelphia Consolidated MOREDan Primack - Mar 13, 2012 2:28 PM ET
Three senators explain their votes against a no brainer.
By Tory Newmyer, writer
FORTUNE -- The measure the Senate approved Thursday to ban lawmakers from stock trading on inside information didn't just pass. It waltzed through the chamber, gathering a whopping 96-vote majority in a bipartisan display that's become rare in the extreme these days.
It's no wonder it proved popular: the bill closed a glaring loophole in Congressional ethics rules allowing Members MOREFeb 3, 2012 1:23 PM ET
Preet Bharara isn't The Protester. But he still made the latest cover of TIME Magazine (a sister publication to Fortune).
Bharara is the U.S. Attorney for the Southern District of New York, responsible for a series of insider trading convictions that included hedge fund manager Raj Rajaratnam. From the story, written by Massimo Calabresi and Bill Saporito:
One of Bharara's characteristics is his combination of blue-collar, former mob-prosecutor attitude with an unabashed moralist's talk MOREDan Primack - Feb 1, 2012 5:25 PM ET
By Larry Doyle, contributor
Wall Street is a simple business that revolves around people and information. In order for Wall Street to thrive, however, and for our markets and economy to prosper, there needs to be a premise of fair dealing on a level playing field.
In the thirty years I have been involved in the markets, I had never sensed until recently that a growing majority of market participants question this premise MOREJan 19, 2012 1:45 PM ET
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