At the time of his arrest inGupta was one of the best known white-collar American professionals of Indian origin. Ina jury found Gupta guilty of passing confidential information from Goldman Sachs board meetings to Raj Rajaratnam, the CEO of the Gallion Group, a multi-million dollar hedge fund, who traded on and profited from it.
Crackdowns to pick out those involved in breaking business ethics have been helpful. The case of Raj Rajaratnam is one of the widely acknowledged incidences to date.
Raj was found guilty of all 14 counts against him in the widely known case of illegal stock-tipping. His actions led to the closure of the Galleon Group.
On May 11, he was found guilty on all 14 counts of securities fraud and conspiracy. The trial cases as a result of rampant crackdown on insider traders who were ruling the Wall Street, a promise made by Manhattan U. S attorney Preet Bharara. Prior to his arrest Raj Rajaratnam had claimed that Galleon analyst had an advantage over its competitors because most were trained as engineers and only focused on research.
Raja emphasized that he was learning of revenue figures before they became public. In his testimony Smith stated that, research was sort of conducting homework ahead of time. He pleaded guilty of insider trading and agreed to cooperate with prosecutors.
He further added that, getting the number was just more than cheating on the test presented. The Raj Rajaratnam case was exclusive in the sense that, the prosecutors wiretapped their targets conversations through the phone a tactic used in crime investigations.
One of his sources revealed that, Akamai Technologies Inc. Raj Rajaratnam used inside information obtained from his sources to trade ahead of any public announcements that were to be made on forecasts, earnings, mergers or any spinoffs involving dozens of companies. This was the most widespread and paramount case in US in the fight against insider trading.
The case led to arrest of more business personnel who have violated the insider trading rules and ethics.
|What's the Value of a Galleon? - Harry Potter Essays||I chose to address the crime of insider trading, particularly the Martha Stewart insider trading case. I will also refer to other trading cases such as one that happened recently against Galleon Group, an invest firm in New York, which was charged for insider trading.|
|The charges stemmed from an investigation by the United States Attorney's Office into allegations that Rajaratnam conspired in insider trading of stock for several large companies.|
|Case Study on Raj Rajaratnam Insider Trading At Galleon Group – Homework Help And Essay Help||OKieran Taylor, was named in court documents as the source who allegedly provided inside information to a trader charged in the Galleon hedge fund case.|
For the prosecutors, it did or does not matter whether you are a paramount figure in the society or not. All arrests made have been handled appropriately to set a good example in the country and in the business sector. Do not fret if stuck. Are you struggling to write your Assignment?
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Insider Trading - Raj Rajaratnam Case Essay - Insider Trading - Raj Rajaratnam Case Starting as early as the 17th century, insider trading was being used in the European Stock Exchange. (5) This was a place where the government could buy or sell off a security such as a bond. In the case of Galleon Group, Raj Rajaratnam used telephone to interact with his partners for conducting his criminal activities. After knowing the information, the criminal will use other 7 CASE STUDY ANALYSIS: INSIDER TRADING AT GALLEON GROUP way to interact with their partners. Essay about The Galleon Case - “Anyway, no drug, not even alcohol, causes the fundamental ills of society. If we’re looking for the source of our troubles, we shouldn’t test people for drugs, we should test them for stupidity, ignorance, greed and love of power” (O’Rourke “Greed Quotes”).
Look no further; our company offers high quality custom-made papers, written by professionals in different fields at affordable prices. What you can read next.In the case of Galleon Group, Raj Rajaratnam used telephone to interact with his partners for conducting his criminal activities.
After knowing the information, the criminal will use other 7 CASE STUDY ANALYSIS: INSIDER TRADING AT GALLEON GROUP way to interact with their partners.
One of America’s wealthiest men was among six hedge fund managers and corporate executives arrested Friday in a hedge fund insider trading case that authorities say generated more than $25 million in illegal profits and was a wake-up call for Wall Street.
Question Case insider Trading at the Galleon Group. 1. Are information gathering techniques like Rajaratnam’s common an Wall Street? If so, what could regulators, investors, and executives do to reduce the practice?
They put their case on the basic proposition that insider trading makes the stock market more efficient. the insider will have no incentive to trade on the regardbouddhiste.com insider trading was legal insiders will bid the prices of stocks up or down in advance of the information being released.
The case of Raj Rajaratnam is one of the widely acknowledged incidences to date. Raj was found guilty of all 14 counts against him in the widely known case of illegal stock-tipping. Raj Rajaratnam is a Sri Lankan American billionaire founder of the Galleon Group a hedge fund management firm.
Jan 10, · The case is SEC v Galleon Management LP et al, U.S. District Court for the Southern District of New York, No.
(Reporting by Grant McCool and .