Democracy Alert

Truth & Transparency = A Stronger Democracy

by Leave a Comment

Insider trading one of FBI's top 10 frauds

Insider trading one of FBI's top 10 frauds
(CNS Business): “You cannot make money in a hedge fund unless you are insider trading,” a trader who was caught by the FBI once told Supervisory Special Agent David G. Nanz. Speaking about the FBI's top 10 ... At the 11th Annual Anti-Money Laundering ...
Read more on CNS Business

US Investigates Hedge Fund Och-Ziff's Link to 0 Million Loan to Mugabe
Och-Ziff last year disclosed that a broader Justice Department and Securities and Exchange Commission investigation is examining the $ 47 billion New York hedge fund's business in Africa under the Foreign Corrupt Practices Act. The act bars firms doing ...
Read more on Wall Street Journal

Former Petrobras CEO Dutra Dead at 58, Workers' Party Says
One is collaborating with authorities and says he was part of a scheme to fraud contracts at the oil producer and use part of the proceeds to illegally fund campaigns for the party. Dutra left Petrobras earlier this year after Foster's management team ...
Read more on Bloomberg

Top Investors are Wary of These Rising Brazilian Stocks
We share the top 15 small-cap stocks favored by the best hedge fund managers every quarter and this strategy has managed to outperform the S&P 500 every year since it was launched in August 2012, returning 118% and beating the market by over 60 ...
Read more on Insider Monkey (blog)

by Leave a Comment

Chinese brokerages see surging profits in first nine months

Chinese brokerages see surging profits in first nine months
... and reserve requirement ratio (RRR) twice since August. In addition, China Securities Regulatory Commission (CSRC), the top securities regulator, has conducted strict measures to clear and rectify insider trading and market manipulation, which have ...
Read more on Xinhua

Bank Stock Roundup: Rate Hike Stance Bring Citigroup, JPMorgan in Focus at the ...
Based on sources, Citigroup's decision to divest its holding in Guangfa Bank follows a change in the latter's plan regarding an initial public offering in Hong Kong amid the rout in Chinese stock markets. Further, deteriorating profitability at Guangfa ...
Read more on Zacks.com

Former Porsche finance chief allegedly admits manipulation in VW takeover attempt
According to German prosecutors, Holger Haerter, the ex-Porsche SE chief financial officer, has decided to admit last week in court he was indeed guilty of market manipulation in relation to the botched attempt to control the Volkswagen Group ...
Read more on INAUTONEWS

FERC Seeks To Expand Electricity Market Surveillance With New Data Reporting ...
760, the Office of Enforcement has aggressively enforced energy market regulations, with a continued focus on allegedly fraudulent trading activity under its Anti-Manipulation Rule. FERC can now readily initiate non-public market manipulation ...
Read more on Mondaq News Alerts (registration)

by Leave a Comment

Chinese E-Commerce Stocks Rally in U.S. After Alibaba Earnings

Chinese E-Commerce Stocks Rally in U.S. After Alibaba Earnings
Scandals that exposed how bank traders rigged key interest rates and fixed currency values have given ammunition to those who say CDS may also be susceptible to collusion or, worse, outright manipulation. The trade group ... Although the market for ...
Read more on Bloomberg

What to Watch Wednesday: Walgreens Boots Alliance Takes the Spotlight
Then after the market close, we hear from Amgen (AMGN), PayPal (PYPL), and Buffalo Wild Wings (BWLD). When Walgreens Boots Alliance reports its ..... SO, china REDUCED manipulation and let yuan move. IMF realizing much weaker yuan was NOT ...
Read more on TheStreet.com

Barclays, RBS, HSBC agree to pay 4M for Forex manipulation in the US
The bill over FX market manipulation keeps growing for big investment giants, with three of the UK's biggest banks – Barclays PLC (LON:BARC), HSBC Holdings plc (LON:HSBA), and Royal Bank of Scotland Group plc (LON:RBS), agreeing on Thursday to ...
Read more on LeapRate

by Leave a Comment

Ex-Rabobank trader arrested in Australia

Ex-Rabobank trader arrested in Australia
A former Rabobank trader charged by US authorities with allegedly manipulating Libor, the benchmark interest rate, has been arrested, according to Australian authorities. Paul Thompson, an Australian who was the Dutch bank's head of money market and ...
Read more on Financial Times

Today's Market Is All About That Central Bank Stimulus
This bull market in stocks is unlikely to carry on indefinitely regardless of central bank rate manipulation and monetary stimulus. That said, trendlines and other market internals give us the best indication of near-term risk preferences. It follows ...
Read more on Investorplace.com

CFTC chief outlines proposals to fight market disruptions
New rules that prevent new forms of illegal behavior, such as spoofing and other types of market manipulation, are being enforced. The CFTC this week brought spoofing charges against a Chicago firm, 3 Red Trading. The moves come as the CFTC has been ...
Read more on MarketWatch

Tony Blair's discusses the Iraq War and ISIS in CNN interview
As a master of public relations and media manipulation, Blair may have calculated that since Chilcot is likely to accuse him of major errors of judgment, it is better for him to volunteer an apology now, rather than be forced to do so if, as seems ...
Read more on Daily Mail