USA Federal Prosecutors Finally Charge A Wall Street Firm with Insider Trading from 2008 Economic Meltdown

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USA Federal Prosecutors Finally Charge A Wall Street Firm with Insider Trading from 2008 Economic Meltdown

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sharon sanders

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USA Federal Prosecutors Finally Charge A Wall Street Firm with Insider Trading from 2008 Economic Meltdown

July 25, 2013, 08:12 PM

U.S. charges SAC Capital with insider trading crimes
By Emily Flitter, Svea Herbst-Bayliss and Jonathan Stempel
NEW YORK | Thu Jul 25, 2013 8:54pm EDT

snip

Among suspect trades was Cohen's August 2008 sale of a $12.5 million stake in Dell Inc, launched within 10 minutes after he was forwarded an email in which Horvath told Steinberg, based on a "2nd hand read from someone at the company," that the computer maker's earnings would disappoint.

reuters.com

http://www.reuters.com/article/2013/07/26/us-sac-fund-charges-idUSBRE96O0SD20130726?feedType=RSS&feedName=topNews&utm_source=dlvr.it&utm_medium=twitter&dlvrit=992637

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