As an FBI and SEC investigation of Carl Icahn for insider trading is said to hit a snag, the move raises questions as to why hedge funds are being constantly targeted but not the large banks? Insider trading case from 2011 being dredged up The FBI and SEC are investigating if golfer Phil Mickelson and famous Las Vegas sports gambler William “Billy” Walters traded on inside information from the 2011 takeover of Clorex, which turned out to be a rare loss for Icahn. The government is said to be relying on electronic eavesdropping – cell phone calls, e-mails and such…
DoJ Goes After Hedge Fund Trader Icahn, Continues to Ignore Banks
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.