In a whirl of transactions, the risk of sharp practice, including insider dealing, may well grow.
The Johannesburg exchange is one of the many where insider dealing is widely assumed to be rife.
The US financial regulator, the Securities and Exchange Commission (SEC), is already suing unnamed traders for insider dealing.
But this fiscal cliff deal is the same old corrupt, insider dealing that so disgusted the public last year.
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At best it was a self-regulating club, where bounders could easily be spotted, but at its worst this club fostered insider dealing and share price ramping.
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But any fund that big also raises the specter of the massive fraud, fake claims, bloated legal bills and insider dealing that have marked other tort settlements.
Shadow Treasury chief secretary David Heathcoat-Amory said the amendment would give those accused of market abuse such as insider dealing a defence if they could show they complied with the City Code.
As for scandal, the Republican leader in the Senate, Bill Frist, is under investigation for insider dealing and the House leader, Tom DeLay, has been indicted on charges to do with campaign fraud.
Rosneft's share price jumped 8% after the announcement. (It also jumped 8% the previous day in the local market, suggesting insider dealing.) Exxon's shareholders were less giddy, perhaps reflecting on the pitfalls of doing business in Russia.
He has been dealing with insider-trading investigations for years, never been personally accused of any wrongdoing, and maintained he has always acted appropriately.
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One former prosecutor compared the financial crisis to international narcotics trafficking, and insider trading to street-level drug dealing.
Steve Cohen, the hedge fund titan who is dealing with the uncertainty of a government insider-trading investigation swirling around his firm, SAC Capital Advisors, has continued to post solid returns despite all the controversy.
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But two great recent investigative pieces from the Washington Post show that shady dealing goes well beyond anything that would be covered by insider trading statutes as such.
What is sinister, if true, was the recorded phone call of Raj with Galleon personnel to create an email to make it look as if there was a legitimate business dealing when instead a trade had been made based on a quick phone call from an insider.
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