Federal authorities arrested Don Chu, an executive in the employ of Primary Global Research, an expert networking firm, on insider trading charges. They picked him up on Wednesday very early in the morning because he was booked to leave for Taiwan on Sunday.
Primary Global research seems to be a clearing house for so-called expert opinions. So far they seem to be operating domestically. The line between expert opinion and industrial espionage seems very blurred. While you have to applaud current enforcement moves by the Federal Government, will this so-called expert opinion business just move off shore where the FBI has no jurisdiction.
Disclosure: George Gutowski writes from a caveat emptor perspective. He holds no position in stocks mentioned in this post.
- First Arrest in SEC Insider Trading Probe: Don Chu of Primary Global Research (dailyfinance.com)
- Now we’re talking turkey: Insider trading arrests begin (finance.fortune.cnn.com)
- ‘Expert’ arrested in insider-trading investigation (marketwatch.com)
- Feds Arrest ‘Fun Person’ in Insider Trading Probe (observer.com)
- DealBook: Arrest in Insider Trading Inquiry (dealbook.nytimes.com)
- Insider-Trading Indictment Says Broadcom, Other Employees Were Tech “Consultants” (blogs.forbes.com)
- The Best Part Of Don Chu’s Bio: His “Deep Connections” In The Tech Industry (businessinsider.com)
- Here Are The Exact Actions That Prompted The FBI Arrest Of Don Chu (businessinsider.com)
- Don Chu, Data Communications veteran at global research firm, charged with insider-trading conspiracy involving hedge fund consulting service (blogs.forbes.com)
- ‘Expert Networking’ Exec Arrested In Massive Hedge Fund Insider Trading Sweep (huffingtonpost.com)
- Insider Trading Kickoff: Feds Arrest Expert-Network Employee Don Chu (blogs.wsj.com)