Thanks to Hedge Fund operators getting busted by the SEC, we now all get lumped in as the quant scum that we are not
Damn a**holes that run these scum bah hedge fund, it will only be a matter of time the IRA, CRA, or even SEC will be knocking at my door:
According to Reuters, the three firms have “have faced investor outflows or seen some high profile staff departures in the past year.” In addition, the Securities and Exchange Commission fined Diamondback Capital in 2009 for making short sales.
U.S. Attorney Preet Bharara has made prosecuting insider trading a priority, calling it “a performance enhancing drug that provides the illegal ‘edge’ to outpace their rivals and make even more money.”
“Disturbingly, many of the people who are going to such lengths to obtain inside information for a trading advantage are already among the most advantaged, privileged, and wealthy insiders in modern finance,” he told the New York City Bar Association in October.
http://compliancex.typepad.com/compliancex/2010/11/three-hedge-funds-snared-in-insider-trading-investigation.html
