Page 1722 


SEC Charges Ring Of High School Buddies With Insider Trading In Health Care Stocks

SEC Logo

The Securities and Exchange Commission today charged three health care company employees and four others in a New Jersey-based insider trading ring of various high school friends generating $1.7m in illegal profits and kickbacks by trading in advance of 11 public announcements involving mergers, a drug approval application, and quarterly earnings of pharmaceutical companies and medical technology firms.

The Email That Caused Panic At UBS

Email Simon Stratford

Here's the email sent by UBS trader Kweku Adoboli to internal bank accountant William Steward advising that things might not be the way they seemed. Soon after, the shit really hit the fan.