The Wild Wild World of Wealth |
"My job is the occupation formerly known as 'stockbroker.' But it has been years since anyone called me that. Stockbroker sounds oily. Glengarry Glen Ross. The word makes clients twitch..."
Norb Vonnegut | November 6, 2009
The Death of Insider Trading II
On Thursday, prosecutors charged fourteen more people with insider trading. The defendants all have links back to Galleon, in a corrupt web growing broader by the day. Acrimoney pays especially close attention to behavior on Wall Street and inside Hedgistan. Today’s story falls into our favorite category:
You can’t make this [...]
Norb Vonnegut | November 2, 2009
I’m struggling to find answers—explanations for why illegal behavior can endure so long under the noses of our investigators.
Norb Vonnegut | May 1, 2009
I’m afraid our anger will lead to unintended consequences. It will exacerbate the impact of uneven regulation among financial institutions—an imbalance that undermines the long-term integrity of our capital markets.
