Morning Roundup: A Novel Approach to Insider Trading

wallstreet29 36 Morning Roundup: A Novel Approach to Insider Trading

  • Someone at the Securities and Exchange Commission had the bright idea to stop targeting specific insider trades and instead try to bring down entire communities of Wall Street lawbreakers. This notion has been at play in last year’s massive Galleon case and also yesterday’s government raids on three big hedge funds. [WSJ]
  • There have been no formal allegations against Steven A. Cohen’s giant SAC Capital hedge fund. The FBI does, however, seem pretty interested in people who used to work for Cohen. [Bloomberg]
  • The Federal Reserve is trying to implement policy without being too political. This is proving difficult. [NYT]
  • Richard Bernstein, a guy who used to say the economy was doomed to collapse, is now saying the economy is stronger than people think. Funny how it switches like that. [AP]
  • Also, commercial real estate prices have been rising, which is nice. [FT]

mtaylor [at] observer.com | @mbrookstaylor