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Wikileaks, JP Morgan and the Insider-Trading Howto-> 1

Submitted by Anonymous Coward
An anonymous reader writes "Wikileaks hits the locusts again! In an internal JPM document published today, Wikileaks exposes JP Morgan's efforts to circumvent insider trading regulations, enabling the really wealthy clients to profit even when others are losing. The document reads like a how-to and explains such maneuvers under the hood of SEC Rule 10b5-1, which had been considered subject to abuse for some time already. Now this abuse is publically documented and shall not pass unnoticed!"
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Wikileaks, JP Morgan and the Insider-Trading Howto More

Wikileaks, JP Morgan and the Insider-Trading Howto

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  • I am not surprised that insider trading is going on - it's clear that no law can prevent it from occurring. However, I was amazed at the differences in returns between the "select" accounts that used the loophole, and the others.

    500% higher yields is a collossal figure, yet instead of trying to close the loophole, all I can think about is how to wind up in among those using it.

The groundhog is like most other prophets; it delivers its message and then disappears.