A Goldman Sachs Group Inc salesman under investigation for possibly passing confidential information about technology companies to hedge funds has left the bank, a spokesman confirmed on Monday. David Loeb, 42, a managing director based in New York, has never been charged with wrongdoing. But his name surfaced among a […]
Tag: Insider Trading
SAC Loses $1.68 Billion From Investors
Investors in SAC Capital redeemed $1.68 billion Thursday, according to people familiar with the matter, a nod to a raft of legal issues that have embattled the hedge fund in recent months since a new government insider-trading case raised questions about founder Steve Cohen’s potential involvement in illicit activity. SAC […]
SEC sues over Heinz option trading before buyout
Securities regulators filed suit on Friday against unknown traders in the options of ketchup maker H.J. Heinz Co, alleging they traded on inside information before the company announced a deal to be acquired for $23 billion by Warren Buffett’s Berkshire Hathaway Inc and Brazil’s 3G Capital. The suit marks the […]
