First-quarter earnings season winds down with mixed retail results, but promising economic data
One cannot help but sense that the Biden campaign is getting worried. They are right to be.
Boesky, who partly inspired the Gordon Gekko character in the 1987 movie "Wall Street," was at his peak considered a genius at risk arbitrage, the business of speculating in takeover stocks, and his wealth was estimated at $280 million. But the U.S. Securities and Exchange Commission proved he obtained tips from investment bankers about deals in the works and used them illegally before the information was released to the public. He won leniency by cooperating in the government's investigation of insider trading rings and reportedly taped conversations with his business contacts.