21.01.30 | By GlobalIntelHub
Dear traders, This ain’t our first rodeo. For those of us who have seen this before, Robinhood is making moves eerily similar to financial institutions about to fold, such as Refco, MF Global, PFG, and others. Let’s take a look at where we are at.
Continue reading “Is Robinhood on the Brink of Collapse?”
Busting Steve Cohen: How a Minor Charge Threatens a Major Figure
Charles Gasparino, 22 July 2013
After years of investigations, wiretaps, and coercing cooperation from numerous witnesses, the government’s big insider trading case against hedge fund impresario and long-time target Steve Cohen may come down to a single “failure to supervise” charge.
That’s right: No insider trading charges; no criminal charges; and no fraud allegations. It sounds like pretty weak stuff considering what the Feds believe to be the scope of the crime: numerous instances of insider trading at the massive hedge fund that Cohen runs, the Stamford, Connecticut-based SAC Capital — and possibly the direct involvement of Cohen himself in some of those trades. Continue reading “Article: Busting Steve Cohen: How a Minor Charge Threatens a Major Figure”