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That about sums it up.The wrath of Preet Bharara has fallen on former hedge fund analyst Matthew Teeple, who just couldn’t stop talking about Brocade Communications’ plan to buy Foundry Networks six years ago: He called 15 people in one day—among them the CIO of Wyoming’s state pension system—while simultaneously convincing his colleagues at Artis Capital Management to trade on the tip. All of which, he now knows, makes it much easier to catch an insider-trader, and much, much easier to convict one. Read more »

  • 17 Oct 2014 at 4:33 PM

Compensation Watch ’14: Fed Chairs

Screen Shot 2014-10-17 at 4.32.03 PMJanet Yellen apparently needs to sit her boss down for a frank talk re: how much she’s valued by this organization. Read more »

Bill Ackman Loves Canada

This stuff, too!He loves its peameal bacon. He loves its pea soup. Its real maple syrup. Its mounties and moose and trappers. Its hockey players. Its railroads. But, most of all, he loves how easy it makes his job—and how hard it makes it for its companies to stop him. Read more »

  • 17 Oct 2014 at 3:54 PM

All JP Morgan Wants Is One Billion Dollars

Screen Shot 2014-10-17 at 3.52.13 PMFact: JP Morgan is interested in moving its headquarters from 270 Park Avenue to a yet-to-be constructed “corporate campus” on the west side of Manhattan. Fact: Real estate developers like the idea of this place, which would cost approximately $6.5 billion to build. Rub: JP Morgan needs the city to entice it to head West, and not that you can put a price on these things but $1 billion would probably be enough to get Jamie and Co. to put their hard hats on. Read more »

  • 17 Oct 2014 at 2:58 PM

So This Is Still Happening

gasparino gross

Earlier: Fox Business Senior Boombox Correspondent Infiltrates Pimco Trading Floor

Bonus Watch ’14: Goldman Sachs

Thanks, guys.The Little Lloyds won’t be getting as much of that extra 25% in revenue the bank earned last quarter, but they’ll do alright. Read more »

You're an embarrassment to the Icahn name.Carl Icahn lost $200 million yesterday on Netflix, one of those newfangled technology stocks that his son is always pushing him to invest in. Now, Carl’s not happy about, but since he already made a 457% return when he unloaded half of his shares in the company last year, he’s not calling Brett in for a spanking. A “not so fast,” an “I told you so” and a “still not quite as sharp as the old man” might, however, be in order. Read more »

Write-Offs: 10.16.14

$$$ Goldman Sachs Posts Stronger Results [WSJ]

$$$ Volckerized Wall Street Dumping Bonds With Rest of Herd [Bloomberg]

$$$ Hedge-Fund Guys at the Silicon Valley Gate [BloombergView]

$$$ Short seller Carson Block mulls starting hedge fund management firm [Reuters]

$$$ Drunk College Student Broke Into Home Dressed As Zombie Santa: Cops [HP] Read more »

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