United States House of Representatives member Christopher Collins, a Republican from New York, was arrested and charged with illegally sharing inside tips with his son about an Australian biotechnology company Innate Immunotherapeutics, Ltd . Rep. Collins was a member of Innate's board of directors and one of the company's largest shareholders, holding approximately 16.8%...

A federal jury found two former New York stockbrokers liable for trading on confidential tips about an IBM Corp acquisition. This decision was rendered despite an appeals court ruling that has made insider trading cases more difficult to prove. The jury said that Euro Pacific Capital Inc brokers Daryl Payton and Benjamin Durant liable...

The second U.S. Court of Appeals in New York has rendered a decision which expert say may harm future insider trading prosecutions. In fact, the Department of Justice has already dropped charges against several defendants accused of trading on inside information, including some who pleaded guilty saying they could not prove the cases under...

Citing a recent U.S. court decision which narrows the definition of insider trading, Galleon Group hedge fund founder Raj Rajaratnam and former Goldman SachsGroup Inc director Rajat Gupta are seeking to overturn penalties imposed against them for insider trading. . Rajaratnam, is trying to void a $92.8 million penalty in a U.S....

Hedge funds and other investors using advanced internet technology can obtain documents ahead of "normal" internet users, sometimes a minute or more ahead, giving them a significant edge on the rest of the market. The question for business and legal scholars is why is this not insider trading? According to The Wall Street Journal, the...

A former Merck & Co. Inc. pharma analyst from Cambridge was charged with insider trading for allegedly tipped off a business school classmate about Merck's interest in acquiring Cambridge-based, hepatitis C drug developer Idenix Pharmaceuticals Inc., before the purchase was announced this past June, court documents said.The Securities and Exchange Commission and federal prosecutors...

The Securities and Exchange Commission has announced that a group of golfers may have pocketed illegal profits on nonpublic information resulting in alleged illegal insider trading. There are also criminal charges pending. The allegations involve trading of shares of American Superconductor Corporation(AMSC), a technology company based in Massachusetts, based on insider information. A federal grand...

The 2nd U.S. Circuit Court of Appeals in New York heard arguments in the case of a former portfolio manager at the hedge fund is deciding whether recipients of non-public information can be found guilty of insider trading without any requirement prosecutors prove they knew the source of the tip benefited from...

Level Global Investors, a Greenwich Connecticut based hedge fund has been fined $21.5 million and the fund has agreed to pay the fine to settle charges that its co-founder and analyst at the firm engaged in repeated insider trading in the securities of Dell Inc. and Nvidia Corp. The insider trading charges were filed...