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Saturday, May 26, 2012

The SEC Is Offering Large Financial Bounties For Insider Trading Whistleblowers That Properly Expose Executive Insider Trading, Hedge Fund Insider Trading, Money Manger Insider Trading, Hedge Fund Manager Illegal Trading, Stock Manipulation Schemes, and Other Violations of Securities Law by Hedge Fund Insider Trading Whistleblower Lawyer, Private Equity Fund Insider Trading Whistleblower Lawyer, Stock Manipulation Scheme Whistleblower Lawyer, & Executive Insider Trading Whistleblower Lawyer Jason Coomer

The SEC is offering large financial bounties to insider trade whistleblowers that expose executive insider trading, hedge fund insider trading, private equity fund fraud, money manger insider trading, hedge fund manager illegal trading, stock manipulation schemes, and other violations of securities law.  These insider trading whistleblower rewards can be obtained by financial professionals with knowledge of illegal insider trading and other SEC violations.  The SEC encourages all financial professionals with original knowledge of executive insider trades, hedge fund insider trades, private equity fund fraud, false misleading information on a company's financial statements, false information on Securities and Exchange Commission (SEC) filings, stock manipulation schemes; embezzlement by stockbrokers; and other securities fraud to properly expose the violations. 

"Insider trading threatens the integrity of our markets, depriving investors of the fundamental fairness of a level playing field. To deter this conduct and to hold accountable those who fail to play by the rules, the detection and prosecution of those who engage in insider trading remains one of the Division of Enforcement’s highest priorities."

"Insider trading has long been a high priority for the Commission. Approximately eight percent of the 650 average annual number of enforcement cases filed by the Commission in the past decade have been for insider trading violations. In the past two years, the Commission has been particularly active in this area. In fiscal year 2010, the SEC brought 53 insider trading cases against 138 individuals and entities, a 43 percent increase in the number of filed cases from the prior fiscal year. This past fiscal year, the Commission filed 57 actions against 124 individuals and entities, a nearly 8 percent increase over the number of filed cases in fiscal year 2010."

"The increased number of insider trading cases has been matched by an increase in the quality and significance of our recent cases. In fiscal year 2011 and the early part of fiscal year 2012, the SEC obtained judgments in 18 actions arising out of its investigation of Galleon hedge fund founder Raj Rajaratnam, including a record $92.8 million civil penalty against Rajaratnam personally. The SEC also discovered and developed information that ultimately led to criminal convictions of Rajaratnam and others, including corporate executives and hedge fund managers, for rampant insider trading. In addition, we recently filed an insider trading action against Rajat Gupta, a former director of both Goldman Sachs and Procter & Gamble, whom we allege provided confidential Board information about both companies’ quarterly earnings and about an impending $5 billion Berkshire Hathaway investment in Goldman Sachs to Rajaratnam, who traded on that information."

A former director of Goldman Sachs and Procter & Gamble, stands accused of leaking boardroom secrets about those two companies to his friend and business associate Raj Rajaratnam, the convicted former money manager who ran the Galleon Group, once one of the world’s largest hedge funds.

The government depicted Mr. Gupta, a resident of Westport, Conn., as the ultimate insider who, after running the elite consulting firm McKinsey & Company, joined the boards of Goldman and P.& G. As a director, he was privy to these companies’ most closely guarded secrets.

“Gupta threw away his duties, threw away his responsibilities and broke the law,” Mr. Brodsky said.
Mr. Brodsky emphasized the ties between Mr. Gupta and Mr. Rajaratnam, who began doing business together during the middle of the last decade. Mr. Gupta invested in Galleon’s funds, and the two helped start a $1 billion private equity fund together.

"Facebook, its banks and some of its biggest backers could face allegations of insider trading if legal actions which began this week reveal preferential treatment to certain investors in the run-up to its now infamous $16bn stock market debut."

"A state subpoena issued to Morgan Stanley, the lead underwriter on the Facebook IPO, and a class-action lawsuit filed against Morgan Stanley, its IPO banking team, the Nasdaq OMX Group and Facebook itself could land certain investors and analysts in deeper legal difficultly, a British-based barrister told the IBTimes UK."

"If analysts were found to have only verbally told a select number of institutional investors that they had revised their original share estimates before the Facebook IPO last Friday, and those select people's share purchase history illustrated a sizeable discrepancy with other clients, there may be grounds to file charges of insider trading."

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