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JP Morgan's Insider Trading How-To On Wikileaks

Posted by kdawson on from the ten-bee-five-dash-one dept.

An anonymous reader writes "In an internal JP Morgan document published recently, Wikileaks exposes JPM's efforts to circumvent insider trading regulations, enabling their wealthy clients to profit even when others are losing. The document reads like a how-to and explains how to take advantage of SEC Rule 10b5-1, which has long been considered ripe for abuse. Now this abuse is publicly documented and will be hard to ignore."

7 of 246 comments (clear)

  1. Oh snap! by Anonymous Coward · · Score: 4, Funny

    Wikileaks is on a roll!

  2. Re:Not to belabor the point... by croddy · · Score: 1, Funny

    wikileaks.slashdot.org

  3. Finally! The missing Step ! by gc8005 · · Score: 5, Funny

    For so long it's been clouded by question marks. This is the missing step #3.

    Before:
    1. Beg, borrow, or steal 1 million dollars
    2. Take ill-gotten gains to JP Morgan
    3. ??????
    4. Profit!!!

    Now:
    1. Beg, borrow, or steal 1 million dollars
    2. Take ill-gotten gains to JP Morgan
    3. Follow rule 10b5-1
    4. Profit!!!

    1. Re:Finally! The missing Step ! by xaxa · · Score: 3, Funny

      +5 Funny coming in 3... 2... 1...

    2. Re:Finally! The missing Step ! by atlastiamborn · · Score: 2, Funny

      1. Notice funny comment
      2. Comment on how it will be modded +5 Funny
      3. ??????
      4. Profit!!!

      --
      I never apologize. I'm sorry, but that's just the way I am.
    3. Re:Finally! The missing Step ! by SpaceLifeForm · · Score: 5, Funny

      You blew it. Could have had a +5 Funny, but you forgot:

      Follow rule 10b5-1

      Q.E.D.

      --
      You are being MICROattacked, from various angles, in a SOFT manner.
  4. Martha Stewart is PISSED by EdIII · · Score: 5, Funny

    I bet Martha Stewart wishes she was a JP Morgan client right now :)