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Insider trading is rife with no regulators in sight

From bnnbloomberg.ca

At 6 a.m. on Aug. 3, Google bought a 6.6 per cent stake in ADT Inc., the largest U.S. home security company, for US$450 million. ADT appreciated 100 per cent as soon as the stock market opened. But the headlines detailing the transaction weren't a total surprise because more than a few people knew ADT was poised to benefit from an event big enough to be gaining Google's hitherto inaccessible technology. Three days earlier, when ADT wasn't reporting much of anything, a series of computerized trading alerts derived from the algorithms of Bloomberg Automated Intelligence (BAI) revealed insiders' unmistakable handiwork: ... (full story)

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  • Category: Entertainment News