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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."

1 of 246 comments (clear)

  1. Re:Not to belabor the point... by moderatorrater · · Score: 1, Offtopic
    These are the stupidest comments that I see. The editors and submitters are nerds, and if they consider it news, then by definition it's news for nerds. Let me go point by point:
    • You've added nothing to this conversation whatsoever.
    • It's already been dealt with
    • This is something that could only happen online: an anonymously-run site hosting anonymous content that's important in today's world
    • corporate abuses are of intense interest to anyone with a brain
    In summation, your comment, sir, is an immense waste of space and time.