Insider Trading | featured news

Former Enron CEO Jeffrey Skilling, who is serving a 24-year prison term for his role in the energy giant's epic collapse, could get out of prison early under an agreement being discussed by his attorneys and the Justice Department, CNBC has learned. Skilling, who was convicted in 2006 of conspiracy, fraud and insider trading, has served just over six years.

Federal agents have arrested Michael Steinberg, a senior SAC Capital Advisors portfolio manager, the most senior employee at the giant hedge fund ensnared in the government’s vast insider trading investigation.

A younger brother of Raj Rajaratnam was charged with insider trading on Thursday, nearly two years after the founder of the Galleon Group hedge fund was convicted of that crime.

A former hedge fund manager was charged Tuesday in what prosecutors are calling the most lucrative insider trading scheme ever, with ill-gotten gains totaling more than $250 million.

Citigroup fired Internet stock analyst Mark Mahaney amid accusations he leaked confidential information about Facebook's IPO.

Massachusetts fined Citigroup $2 million to settle charges that two bank analysts improperly released confidential information about Facebook's financials before the technology company went public.

A federal judge Thursday temporarily blocked the government from enforcing a new insider trading law that would require about 28,000 executive branch employees to disclose details of their financial transactions on the Internet.

Eddie Murray made big money in baseball with his powerful swing from both sides of the plate. According to the Securities and Exchange Commission, he had some illicit help after leaving the game.

Rajat Gupta, a consummate business insider who once sat on the board of Goldman Sachs Group Inc, was convicted on Friday of leaking secrets about the investment bank at the height of the financial crisis, a major victory for prosecutors seeking to root out illicit trading on Wall Street.

President Obama on Wednesday signed the STOCK Act into law, a bipartisan bill designed to stop so-called "congressional insider trading." The measure, which passed in Congress last month, prohibits members of Congress from financial market trading based on nonpublic information they have obtained in the course of their congressional work.