If you are reading this post you are either curious or a sophisticated insider who knows all about HFT – High Frequency Trading. While high frequency trading is often legal, there is definitely a dark side to the industry – folks who combine ultra high speed computers with early access to inside information about earnings […]
Whistleblower Receives $14 Million from SEC
The government may be shut down for a few days but one lucky whistleblower will soon be receiving a check for $14,000,000.00 according to the SEC. Although the whistleblower chose to remain anonymous, we do know that his or her information helped the government recover tens of millions of dollars on behalf of defrauded investors. […]
3 Whistleblowers Receive Awards in Hedge Fund Scam
The Securities & Exchange Commission announced 3 whistleblowers would be receiving approximately $125,000 for providing information about a hedge fund scam. The 3 provided helped the SEC shut down Locust Offshore Management and its CEO, Andrey Hicks. Hicks was sentenced to 40 months in federal prison on related criminal fraud charges. Although it did not […]