Tuesday, February 27, 2007

More "shocking" allegations of insider trading.

How many times must one comment on what is actually happening at 90% of the "Event Driven" hedge funds in NYC?  Why are they all clustered there, or a short drive away in Conneticutt?


"Top News February 26, 2007, 3:03PM EST
Charges Pending in UBS Payoff Case

Sources say at least one analyst at the investment firm may face charges of
selling information on ratings changes before they're made public

Here's proof some still see value in brokerage-produced stock research, even
after the research scandal of four years ago tarnished the image of Wall Street
analysts. BusinessWeek has learned federal authorities are on the verge of
busting a scheme in which at least one employee of UBS was allegedly selling
information about upcoming changes in analyst ratings on stocks to traders not
affiliated with the Swiss investment firm."

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