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Chapter Overview
Chapter 1: AudiobookHub Recommendation
Chapter 2: Steve Cohen was a skilled trader with early success, yet he would later confront charges of insider trading.
Chapter 3: Cohen created his own firm, SAC Capital, that systematically pursued illicit insider information relentlessly.
Chapter 4: SAC confronted accusations of manipulating share prices, and a culture of chasing insider information took root.
Chapter 5: In 2008, SAC leveraged Alzheimer’s research to profit through massive insider trading schemes.
Chapter 6: By the late 2000s, U.S. regulators started honing in on insider trading across Wall Street.
Chapter 7: In 2011, SAC trader Mathew Martoma and Dr. Sidney Gilman drew the attention of U.S. federal authorities.
Chapter 8: In late 2012, Mathew Martoma was arrested, and SAC paid a record fine to settle insider trading charges brought.
Chapter 9: SAC agreed to another fine, and Martoma was sentenced to prison, yet Cohen still walked free.
Description
Black Edge (2017) tells the real-life tale of greed and financial crime on Wall Street during the 2000s. It describes large-scale, illegal insider trading at SAC Capital Advisors, a hedge fund founded by star investor Steve Cohen. SAC maintained a culture of trading on inside information, but while some traders at SAC were convicted of insider trading, US authorities could never stop Steve Cohen himself from making his millions – and he was never convicted of any crime.
Who Should Listen
- Investors and analysts
- Lawyers and investigators
- The 99 percent who don’t benefit from Wall Street trading