JP Morgan's Insider Trading How-To On Wikileaks

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."

Comments

Not to belabor the point...

[pongo000]

...but how, exactly, is this "news for nerds"?

Please don't fill space with bullshit articles that have nothing to do (except at a very tenuous level) with technology.

Stop being Wikileaks' RSS feed!

[rice_burners_suck]

I love how seemingly every single thing that shows up on Wikileaks is reported in a story here on /.

It's almost as if /. is the RSS feed for Wikileaks or something. Seriously, I've seen half a dozen stories here about stories on Wikileaks. I doubt that half the stories on Wikileaks report that a story appeared on /.

Legality and the Jewish tradition

[BadAnalogyGuy]

There is a long tradition in the Jewish faith of following the letter of the "Law" and finding new and clever reinterpretations of the Law to fit the time and place. One very blatant example is the redefinition of the "eruv". The Jewish God declared that no work could be done on the Sabbath, except within the home. Finding God's Law to be a bit confining, the Jewish religious leaders redefined "the home" to encompass a much larger area through the creation of the eruv. Now, work may be done anywhere within an eruv since it is considered to be "the home", though it is hard for anyone with common sense to understand it as such.

So finding rules restricting isn't an uncommon thing. Insider trading is a very lucrative business and if you can schedule trades in anticipation of unexpected events, then you can get away with almost insider trading.

There is a time for every purpose under Heaven. A time to be born, a time to die. A time to grow rich, a time to grow richer.

Re:Mainstream media coverage

[freedom_india]

Bloomberg and CNN are both owned by corporates which benefit from such insider trading.
Whom do you think they would cover?
You, a stupid, individual who rolls on the couch, and pays stupid taxes as ordered to by IRS,
or,
their parent corp which pays them the salary necessary for them to buy their next Jaguar and BMWs...

Newbie a$shole.
Stop posting such stupid questions in slashdot.