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.
- First Arrest in SEC Insider Trading Probe: Don Chu of Primary Global Research (dailyfinance.com)
- The SEC’s Risky Expansion of Insider-Trading Cases (dailyfinance.com)
- Raided U.S. hedge funds face long struggle (financialpost.com)
- Fbi Raids Two Connecticut Hedge Funds (businessinsider.com)