SEC Christmas


Image by Carsten Lorentzen via Flickr

Just thinking out loud here. But if the FBI made arrests just before Thanksgiving day, what will they do just before Christmas? The SEC wants to send signals to the stock market. Police raids are now media events. Financial news will be very slow right around Christmas.

If you are a hedge fund manager who has done particularly well can you spot the surveillance? Who is sitting in that  car parked down the street from your fancy home?

Disclosure: George Gutowski writes from a caveat emptor perspective. I hold no positions in stocks mentioned in this post.

Insider Trading Equals Industrial Espionage

The Seal of the United States Federal Bureau o...

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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.