Friday, May 30, 2008

Charges of Insider Trading for a Wall Street Luminary - NYTimes.com

Charges of Insider Trading for a Wall Street Luminary - NYTimes.com:
"Dr. Marshall, a retired professor at St. John’s University and a fixture on the Wall Street lecture circuit, was accused by the Securities and Exchange Commission in March of passing inside information about a multibillion-dollar corporate takeover to a professor at Pace University. The Pace professor, Alan L. Tucker, made more than $1 million trading on the tips in 2007, according to the S.E.C. The Justice Department has filed criminal charges"
While this was first reported back in March, the NY Times article now has nmany more details. Definitely one to use in class.

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