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Rajaratnam was arrested in 2013 on insider trading charges. [7] The Galleon Group insider trading investigation began with the investigation of Sedna Capital in 2003–2004. . Prosecutors alleged that Rengan Rajaratnam regularly shared confidential information with his brother, Raj Rajaratnam but he was cleared by a jury in July 20
This went on as long as the stock prices kept going up, and no one had a clue about Mehta's operations. Once the scam was exposed, though, a lot of banks were left holding BRs which did not have any value – the banking system had been swindled of a whopping ₹ 4,000 crore (equivalent to ₹ 310 billion or US$3.6 billion in 2023).
A share price is the price of a single share of a number of saleable equity shares of a company. In layman's terms, the stock price is the highest amount someone is willing to pay for the stock, or the lowest amount that it can be bought for.
(As a refresher: The meme stock era refers to the early 2021 run-up in GameStop and other heavily shorted stocks in 2021, during which retail traders bid up the price of stocks, largely because ...
A former Playboy model killed herself and her 7-year-old son after jumping from a hotel in Midtown New York City on Friday morning. The New York Post reports that 47-year-old Stephanie Adams ...
The 2015–2016 stock market selloff was the period of decline in the value of stock prices globally that occurred between June 2015 to June 2016. It included the 2015–2016 Chinese stock market turbulence, in which the SSE Composite Index fell 43% in just over two months between June 2015 and August 2015, [1] [2] which culminated in the devaluation of the yuan.
Tesla stock dropped $22 per share, or 6.3%, shaving some $10 billion off of Elon Musk’s net worth. Musk remains the world’s richest man, but analysts fear his divided attention amongst his ...
Sedna Finance was an SIV managed by Citi group. [1] [2] It was notable for being the first modern 3 tier structured SIV.[citation needed] It was not, however, the first 3 tier SIV, as much older SIV's such as Asset Backed Capital (now Orion Finance) used 3 tier structures; these old structures used much larger proportions of junior capital to mezzanine capital.