To Catch a Trader

To Catch a Trader

1. Raj Rajaratnam ran a hedge fund company, The Galleon Group, and was paying informants to get some insider information from other companies. The Securities and Exchange Commission (SEC) suspected that Raj was giving some illegally acquired tips to his brother, Regan. Insider trading is illegal, and by so doing, he was breaking the law. Regan Rajaratnam was a tippee, who was receiving illegally acquired information from Raj Rajaratnam. He received confidential information about companies, gaining an advantage over them.
2. An article published by the wall street journal, mentioning the hedge fund giant, SAC capital, sent Noah Freeman into a panic. Being a former employee of SAC Capital, he began getting rid of any incriminating information, by destroying computer hard drives. After an investigation, he was caught on tape and plead guilty, alongside his colleague Don Longueuil. Based on Freeman’s profits, Winnie Jiau was sentenced to four years in prison. Noah Freeman began cooperating with the investigations and has not been sentenced yet. Today, Noah Freeman Walks a free man, having avoided jail after helping the government build its case.
3. Expert networks were groups of subject matter Experts, (SMEs) who were hired by firms that needed high-level expertise that could not be provided by their in-house employees. In the years leading up to 2012, an expert network-enabled one of the biggest insider trading schemes to be ever found and charged by the Securities and Exchange Commission. Expert networks got involved with insider trading by facilitating the transfer of material information that was private or acquired through a breach of duty. This led to the convictions of Raj Rajaratnam and other network consultants.
4. Steven A. Cohen is a brilliant businessman. The hedge fund titan, and sole owner of SAC capital, went from being a small-time options trader to one of the most successful hedge fund managers. Through SAC capital, a group of hedge fund advisors, he rose to become a Wall Street legend, generating some of the best returns. He charged 3% of assets under management and 50% of any gains, and this easily enabled him to make 60% a year.

LaDonna Powell

1. LaDonna is disturbed by how things are run in her workplace. She is not comfortable with how her supervisor handles passengers at the airport. Her male coworker openly uses vulgar language while addressing them, at times even threatening not to allow them to pass if they do not offer a bribe. Her general approach to work made her realize something was wrong.
2. She tries to raise her concerns and complaints with the management but gets dismissed instead. She files a lawsuit against Allied using the women she had trained, and who were sexually harassed at the workplace as witnesses. She hoped this would raise attention to the issue and help transform the workplace by putting things in order.
3. One woman, an ambitious guard that she had trained a few months earlier, came to her and told her that another guard had sexually assaulted her. LaDonna informs the woman’s supervisors about what had happened to her, asking the supervisor not to put her on duty with her perpetrator. This is ignored, and the woman reports to her duty, alongside with the man. LaDonna decides to take the report to higher management but gets fired for speaking up against sexual harassment.
4. Sexual harassment and discrimination are prevalent in many workplaces around the country. The amended civil complaint compiles all the complaints and concerns included in the lawsuit.
5. Had Allied taken these allegations seriously and investigated them, then the lawsuits would not have been filed against them. Effective management naturally prevents lawsuits. Most of the lawsuits are a result of concerns or complaints being ignored by management.