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Last night, 60 Minutes ran an excellent piece called “Inside Edge” about former stock analyst Roomy Khan. Khan was caught early by federal prosecutors investigating insider trading by hedge funds, and ultimately became a critical government informant in the criminal case that brought down Galleon Group’s Raj Rajaratnam and dozens of others. via 60 Minutes: […]
Last night on CBS’ 60 Minutes, Steve Kroft interviewed author Michael Lewis. Lewis’ new book, “Flash Boys,” looks at the subject of high-frequency trading, and presents Lewis’ conclusion that the U.S. stock market is “rigged.” via 60 Minutes: How High-Frequency Traders Have ‘Rigged’ the U.S. Stock Market – Compliance Week