Business and Economy
Related Stories
Turney Duff: "Edge" is What Counts on Wall St., Legal Or Not
As a former hedge fund trader, Turney Duff says he never worried about breaking insider-trading laws. "We're thinking, this is how it's done and I need to make money," he says.
January 7, 2014
Preet Bharara: Insider Trading Is "Rampant" On Wall Street
The man behind one of the government's most aggressive crackdowns on insider trading says his problem is not with hedge funds, but with "institutions that decide to make their business model a criminal one."
January 7, 2014
Richard Holwell: Why Raj Rajaratnam Got 11 Years in Prison
Raj Rajaratnam gave the impression "that he could live outside the law," says the federal judge who handed the former Galleon chief an 11-year sentence for insider trading.
January 7, 2014
Chart of the Day: The SAC Advantage
SAC Capital is said to have charged a whopping 50 percent take on any profits it made for investors, but that didn't scare many away. Here's why.
January 7, 2014
SAC In Spotlight As Insider Trading Trial Opens
Mathew Martoma goes on trial today for what's been called "the most lucrative inside tip of all time," but his former employer, the hedge fund SAC Capital, is also facing heavy scrutiny.
January 7, 2014
53m
To Catch a Trader
FRONTLINE goes inside the dramatic, unprecedented hunt that uncovered vast insider trading at Wall Street hedge funds.
January 7, 2014
"Isn't This Illegal?"
It's phone calls like the one that Turney Duff took early in his career at the Galleon Group that authorities point to as what's wrong with the hedge fund industry.
January 6, 2014
Coming in January on FRONTLINE
Next month, we'll go inside the government's insider trading investigation of the hedge fund industry as well as the "Secret State of North Korea." Plus a pre-Superbowl rebroadcast of our most-talked about film of 2013.
December 20, 2013
SAC Fund Manager Found Guilty in Insider Trading Case
Michael Steinberg, the most senior employee to face trial in the government's sweeping investigation into insider trading at the giant hedge fund, has been found guilty on all counts by a federal jury in Manhattan.
December 18, 2013
Press Release | Inside the Dramatic, Unprecedented Hunt That Uncovered Vast Insider Trading at Wall Street Hedge Funds
FRONTLINE's Martin Smith goes inside the government’s ongoing, seven-year crackdown on insider trading in the hedge fund industry.
December 12, 2013
How JPMorgan's $13 Billion Settlement Stacks Up
Its the largest fine against an American company ever -- and here's how it compares to other recent bank settlements.
November 19, 2013
Exclusive: Watch Billionaire Steven Cohen Stumble Over Insider Trading Rules
In a never-before-published video, hedge fund titan Steven A. Cohen, whose firm this week pleaded guilty to securities fraud, describes federal securities laws as "vague," and asks for an explanation of the basic rule that prohibits insider trading.
November 6, 2013