Mark Schonfeld
Mark Schonfeld
bear came entering handed keys system
When it came to entering mutual-fund orders, Bear Stearns essentially handed the keys to the system over to the hedge funds.
attempts case information involving obtain seen
We've never seen before a case involving so many different attempts to obtain information illegally.
broader concern information large misuse regarding
We do have a broader concern of the misuse or leakage of information regarding large ... orders.
designed investors life market purchase retail retirement save sold troubling variable
It is particularly troubling when variable annuities, which are designed for and sold to retail investors to save for retirement and purchase life insurance, are affirmatively marketed to professional market timers.
benefit customer duty information large orders
These brokers were duty-bound to keep information about large customer orders confidential and to use it to benefit the customer.
expense fact famous fiction hard led lifestyles pure rich
In the world of unregulated hedge funds, it can be hard to tell fact from fiction. This one was pure fiction. The defendants led lifestyles of the rich and famous at the expense of their investors.