Hedge Fund Insider Trading Alleged By Preet Bharara, SEC In ADT Corporation BidMark Melin
Hedge fund insider trading is once again in focus. Manhattan U.S. Attorney Preet Bharara has a target in sight: his office’s 77th insider trading conviction since 2009, an unmatched win percentage. The prey is a former hedge fund executive who, while apparently working for a well-known billionaire’s firm, viewed a warning not to privately trade on confidential information regarding a pending acquisition. He then used this information to generate nearly a 6,000% return on investment while appearing to obfuscate . . .
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