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Unformatted text preview: Campbell Taggart price increasing S&P500 declined CT volume of trade increased and # of insider trades increased as well Fiduciary responsibility to shareholders (legal) Shareholders may sue Sue investment firms? Brokers employers responsible for actions of broker Conclusion Thayer pledge guilty to justice department criminal suit $5000 & 4yrs in jail Civil suit from SEC 1mil each AB Sued AG Edwards(9.9mil), Bearn Sterns (undisclosed amount) and several others for financial hardship Stock Price Move in Efficient Market No leak vs. leak x=y AB hurt x=z AB not hurt its, its...
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- Fall '08
- Corporate Finance, x=y AB hurt, Paul Thayer, Campbell Taggart price