Great investigate work from the WSJ. Bottom line: I-banks privy to information of a deal accumulated large positions of the target stock in the quarter before a deal closed almost twice as often as I-banks not working from the inside on a deal.
Tuesday, January 15, 2008
Insider Trading at I-banks or Coincidence?
Great investigate work from the WSJ. Bottom line: I-banks privy to information of a deal accumulated large positions of the target stock in the quarter before a deal closed almost twice as often as I-banks not working from the inside on a deal.
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1 comment:
The banks are a basket case.
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