Facebook investors have filed a class action lawsuit against Mark Zuckerberg, Facebook CEO, alleging that he had inside information that the stock was overvalued and that he protected his financial interests by unloading Facebook shares worth $1 billion.
A former chemist for the US Food and Drug Administration (FDA) has been sentenced to five years in prison. This is due to his involvement with an insider trading scheme, that spanned nearly five years, whilst he was working for the Federal Agency.
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Why should our elected officials have the green light to make money through insider trading when they are on the inside track anyway? But CBS News reports that they have the right, and they do it regularly.
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Raj Rajaratnam, a self-made hedge-fund tycoon convicted of fraud and conspiracy in Wall Street's biggest trading scandal in a generation, will be serving 11 years in prison, which is one of the longest sentences on record in an insider-trading case.
Dallas Mavericks owner and businessman Mark Cuban was charged with insider trading by the U.S. Securities and Exchange Commission (SEC). Cuban is accused of using insider information to save $750,000 in losses.
Isn't this interesting... I have never understood how people can feel like insider trading doesn't hurt anyone but some nameless company.
it's called Backdating and sounds like just what it is. The company will give the CEO in question stock option...