Business

Illegal profits: A look at insider trading

By Ken Sweet
Published June 10, 2014 9:26pm ET
Add Washington Examiner on Google
Illegal profits: A look at insider trading
This combo made from file photos shows, from left, financier Carl Icahn, pro golfer Phil Mickelson, and developer and high-profile sports better Billy Walters. A federal official briefed on the investigation told The Associated Press that the FBI and Securities and Exchange Commission are looking at stock trades that Mickelson and Walters made involving Clorox when Icahn was attempting to take over the company. There have been no charges filed against the three men and the investigation could lead to nothing. (AP Photo/Henny Ray Abrams/Wilfredo Lee/Las Vegas Review-Journal, Jessica Ebelhar) | Henny Ray Abrams/Wilfredo Lee/Jessica Ebelhar

NEW YORK (AP) — Few crimes on Wall Street generate more headlines than insider trading.

The definition is straightforward: An investor profits on non-public information at the expense of others.

Already a print subscriber? Click here to login/register your account

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.

Tag:

Follow the Money Watchdog