The Wall Street Journal’s Headline — and Mine According to The Wall Street Journal, the Securities and Exchange Commission just nailed hedge fund SAC Capital with the biggest-ever fine for insider trading — $616 million, to be exact. Here’s The Journal’s headline: “SAC Hit With Record Insider Penalty” —The Wall Street Journal; March 15, 2013...Read More
“Victimless” Insider Trading? Really, Mr. Jenkins?? It’s hard to take seriously Wall Street Journal columnist Holman Jenkins’ latest broadside against prosecuting insider trading when it contains whoppers like this one: “Whoever was a buyer when SAC Capital was selling would have been a buyer anyway, whether SAC’s motive in selling was inside information or the maundering of...Read More
