Article: How Jim Cramer Is Approaching Bank Stocks

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How Jim Cramer Is Approaching Bank Stocks

Katherine Ross, 21 June 2020

A report by the International Consortium of Investigative Journalists found five global banks moved “staggering sums of illicit cash for shadowy characters and criminal networks that have spread chaos and undermined democracy around the world.”

The report said that JPMorgan Chase and Deutsche Bank and other financial services companies had defied money laundering crackdowns even after being fined by U.S. authorities.

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Article: New Evidence Raises Questions About Kingsford Capital

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New Evidence Raises Questions About Kingsford Capital – Links To TheStreet.com Inc., Others

Mark Mitchell

Market Rap, 7 January 2010

A blog published by the University of North Carolina School of Journalism reported recently that Steve Cohen of hedge fund SAC Capital managed to kill a story by Reuters reporter Matt Goldstein. It seems that Goldstein was going to shed some light on allegations that Cohen engaged in insider trading. Cohen didn’t like that, and got in touch with Goldstein’s superiors.

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Article: Naked Short Selling — Illegal but Hard to Prove

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Naked Short Selling — Illegal but Hard to Prove

Gregg Greenberg, The Street, 16 July 2008

NEW YORK (TheStreet) — The Securities and Exchange Commission Chairman Christopher Cox on Tuesday said the regulator planned to crack down on naked short-selling of Fannie Mae (FNM) and Freddie Mac. Cox said in a testimony to the Senate Banking Committee on Tuesday that the agency will require short-sellers to borrow shares of the two government-sponsored mortgage giants and broker dealers including Lehman Brothers (LEH) , Goldman Sachs (GS) – Get Report, Merrill Lynch (MER) and Morgan Stanley (MS) – Get Report before selling them. The new restrictions are called for under a temporary emergency order that expires in 30 days.

For a refresher on why this is a big deal, here you go.

The traditional method for making money in the stock market is to “buy low and sell high.” But there is another way to profit called “shorting,” where the trick is to “sell high and buy low.” There are strict rules when it comes to shorting stocks, however. One way they are broken is via naked shorting.

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Article: Cramer bragged of manipulating stock prices

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Cramer bragged of manipulating stock prices

In an interview for a financial website, Jim Cramer, the extroverted host of CNBC’s “Mad Money,” boasted about manipulatin Cramer g stock prices when he was a Wall Street trader.

In a webcast on TheStreet.com that has been widely viewed on YouTube, Mr. Cramer spoke about bringing down the prices of a high-flying stock and admitted that his actions might have been illegal.
“A lot of times when I was short, I would create a level of activity beforehand that would drive the futures. . . . It’s a fun game,” he said in the interview with TheStreet.com’s executive editor Aaron Task.

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Article: Fox News and TheStreet.com Reach Settlement on Lawsuit

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Fox News and TheStreet.com Reach Settlement on Lawsuit

The Fox News Network has settled a lawsuit against TheStreet.com and its co-founder, the hedge fund manager James J. Cramer, after the financial news site canceled a program on the Fox News Channel, a cable channel.

The terms of the settlement include a promise by TheStreet.com not to produce a similar show for another network before May 1, 2001. Mr. Cramer promised to make only occasional appearances on other networks until then.

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