9 years ago
Making Insider Trading Legal
Thanks to gaping loopholes implicitly endorsed by the Supreme Court, hedge funds now essentially have a license to cheat. Do you run a hedge fund? If so, I have exciting news. The prominent campaign by Preet Bharara, the United States Attorney in Manhattan, to crack down on insider trading in the three-trillion-dollar hedge-fund industry has just ground to an inglorious halt. Late last week, it was quietly announced that prosecutors would drop all charges against...
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