Daily Archives: August 18, 2015, 12:11 pm

Atlanta jury acquits hedge fund manager of insider trading | www.ajc.com

An Atlanta jury acquitted a New Jersey hedge fund manager Monday who federal prosecutors had accused of making illegal trading profits based on sneak previews of not-yet-released financial results of Carter’s Inc., the Atlanta-based clothing maker. In a verdict in the U.S. District Court in Atlanta, Steven E. Slawson was acquitted of all 34 counts of insider trading, according to…

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Hacking Case Raises Question on Securities Fraud – The New York Times

The elaborate scheme described by the Justice Department and the Securities and Exchange Commission last week, which involved breaking into computer servers to obtain confidential information about impending corporate announcements, certainly looks like a classic case of insider trading. The defendants are accused of making millions of dollars in profits by using information to trade profitably. But insider trading law…

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