Daily Archives: April 21, 2014, 10:51 am

Prosecutors’ Long Winning Streak on Insider Trading Could Soon Be Over – Businessweek

The U.S. Court of Appeals for the Second Circuit will hear arguments in a case that is being closely watched—and fretted over—by investigators involved in the government’s historic string of insider trading prosecutions. Two convicted hedge fund portfolio managers are arguing that what the government accused them of doing isn’t actually illegal, and the appeals court appears to be taking…

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Flash Boys Litigation: High Frequency Traders, Brokers and Securities Exchanges Hit With Securities Suit — The D&O Diary

The topic of high frequency trading has dominated the business headlines since the late March publication of Michael Lewis’s new book, “Flash Boys: A Wall Street Revolt.”  The SEC, the U.S. Department of Justice and the Federal Bureau of Investigation have confirmed that they are investigating high frequency trading, as has the New York Attorney General.  With all this media…

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