Word: knowingly
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...high finance that has thus far been largely untouched by the post-meltdown regulatory scrutiny and populist outrage directed at mainstream banks. "This case should be a wake-up call for Wall Street," U.S. Attorney Preet Bharara said in announcing the charges. Indeed. While many hedge funds wouldn't know what to do with inside information if they tripped over it - the strategy at quantitatively oriented shops often fixates on building better computer models - plenty of others ply their trade by working the phones and calling up companies as well as competitors, suppliers, customers and former employees in an attempt...
...line, though, between legitimate information-gathering and illegal insider trading is hardly a clear one. Technically, no laws ban trading on non-public information; prosecutions are based on legal theories that were developed in earlier court cases. "It's one of those areas where the courts say, 'I know it when I see it,' " says Gerald Lefcourt, a white-collar criminal defense lawyer in New York and past president of the National Association of Criminal Defense Lawyers. (See pictures of the top 10 scared stock traders...
Almost all of these Harvard-related Tweets are from Harvard FML. Now we know what some Harvard administrators look at online when they're bored...
...help from advisers because “you know they must be good at it because they have...
That's good to know. And we're relieved to find out that the Harvard Shooting Club isn’t full of gun-wielding crazies. Whew...