On the Dow Jones index, only seven stocks gained on Thursday. Apple (AAPL)and Microsoft(MSFT) rose, as did Visa (V)Microsoft and Visa are rebounding from their 10-week moving averages.Meanwhile, Tesla (TSLA) fell 5% on the stock market today. Shares are extending a downtrend. I have over $320k in stocks. Currently, my portfolio is down by 15%. Wondering if there are any short term opportunities I can invest in.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $450k.
'Tenley Megan Amerson' is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
SCAMMERS, PEOPLE DONT FALL FOR HTESE GROUP OF PEOPLE COMMENTING UNDER THEMSELVES. LIKE ITS NOT JUST ONE PERSON DOING SLL OF THAT TO LURE PEOPLE TO THIER PRIVATE PLATFOR AND SCAM THEM LYING THEY TRYING TO HELP.
I mean, if you count not breaking any stories and telling a very watered down and biased version of events after everything has already been exposed, then sure. Where is Frontline in 2021 exposing how the same crap is still going on and nothing has changed? Oh wait that requires work.
Always refreshing. Although, they do interview Steve Bannon and Sebastian Gorka too much. What leftist media figures have they presented on? Slavoj Zižek? The furthest left they reach (for commentary) is Yamiche Alcindor. They've never even mentioned Jacobin magazine, but they have mentioned Breitbart.
When the Gov't indicted Steve Cohen, he contacted several law firms and had no less than 10 of the top lawyers show up in court. He was determined to show the US Govt that if they wanted to try to bring him down - - it was going to be the most expensive legal case they ever encountered. Instead, the Gov't choked out, they cowarded out, they settled for a huge chunk of his fortune instead of prison time. So, Steve Cohen walked. At least 2 of his underlings did prison time.
Not only wrong, it’s despicable. We rely on the DOJ to not be afraid of long cases regardless of the cost. What politics were involved in letting Steve Cohen go. He should be in jail, period.
There are lots of mixed opinions about stocks and there projection in the next coming years, I aim for short term solid gains from market correction and I'd definitely jump on the boat if I knew a thing or two about day-trading. I'm just looking for the right moves to grow and hedge my stagnant reserve of $490k from inflation.
Keep your focus on two primary goals. To start, protect yourself by understanding when to sell stocks to minimise losses and optimise gains. Second, prepare to profit from shifts in the market. I suggest seeking counsel from a financial consultant or other expert.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
i'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
"Laurelyn Gross Pohlmeier," a well-known authority in this field. I would recommend looking into her credentials more because she has a great deal of expertise and is a great resource for anybody looking for advice on how to navigate the financial market.
We need to change the law that allows for willful negligence that Cohen claimed - after 30 + years in the business does not know the law re. insider trading. An act of Congress has to change the law. But since Congress is paid off by these people guess what... we need to stop letting lobbyists pay off our politicians. We have a totally corrupt system no matter who is in, Dems or Repubs. Some might be ok, but they are in the minority.
The SEC as a civil agency will never stop it. Even with Cohen where they shut him down and he paid a gigantic fine he still made more than what he paid. He reopened and the fund manages way more than it did before being shut down. When your punishment is fines it’s simply a cost of doing business.
HAHAHAHAAH. As if the entire of Wall Street and the Biden Government is not corrupt. But they need to pin it on one guy to make them feel good about themselves and trick you into thinking "we got the bad guy". You took the bait.
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
SCAMMERS, PEOPLE DONT FALL FOR HTESE GROUP OF PEOPLE COMMENTING UNDER THEMSELVES. LIKE ITS NOT JUST ONE PERSON DOING SLL OF THAT TO LURE PEOPLE TO THIER PRIVATE PLATFOR AND SCAM THEM LYING THEY TRYING TO HELP.
Most people now take videos like this for granted. But a few decades ago, we who live outside the US don't have access to something like this. Definitely not on free TV. Thankful for these PBS channels, with old school journalism where a lot of hard work went into the production of episodes. --Petaling Jaya, Malaysia.
Agreed. Currently in university for Business Law, and there were a lot of little things I was surprised about how in depth the documentary went into. PBS is a godsend
If you are good at anything and are a leader people will be there to work with you. Markets aren't manipulated. They are exploiters of legal weakness in a market. These things are big deep icebergs of understanding. I suggest if you don't know how it works to remove bias. He has donated Millions to people. He has made people careers and created lots of jobs. People paid taxes He paid fines. He paid his fee and is not considered a criminal.. dont hate the player just like a lot of people don't hate "popular" people and just send them info hoping to be a part of something. What is legal or not is extremely deep. If your friend said buy bitcoin and you trusted him, would you? is that illegal? look up and show me the laws and I will say, yes or no. Cohen "escaped criminal indictment himself despite being the living, breathing heart of S.A.C. Capital," but Dr. Sidney Gilman, the star prosecution witness against Martoma, testified that FBI agents told him that Cohen was the investigation's ultimate target.
@Sheerluck Holmes That is true, I am not saying he is a hero, I am saying he is a sort of anti hero. But if you see the tests, like the 65, 7 or any. the regulations get more and more complicated. I.E what is a conflict of interest that would be described as (insert specifics). with series of answers, a b c d or all of the above you may select any amount of correct answers. when those answers are more specific I think you'll understand my point. ,
Thank you so much for this video but in these uncertain times it is more important than ever to have a solid understanding of how to manage your finances, invest wisely and navigate economic downturns. But my primary concern is how to grow my reserve of $240k which has been sitting duck since forever with zero to no gains, sure I'm all in on the long term game, but with my savings are lying waste to inflation and my portfolio losing gains everyday, I need a remedy.
If you need advice, consider speaking with a financial advisor. Don't get me wrong, you can do it on your own, but financial advisors have a lot more knowledge and expertise in this area.
you are completely right, Advisors have information and paths that are not disclosed to the public.. I profited 560k in 2022 under the tutelage of my Fiduciary-counselor. Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.
I assure you, investment professionals have to abide by significantly more strict legal and ethical rules than 99% of the industries out there. Don't watch one or two videos about one/two person/firm and assume this is everyone in the investment industry. If doctors had to live by same rules as investors, 75% would lose their jobs and 50% would be in prison. Same goes for politicians.
Usually have to sign an arbitration agreement when opening an account. The firm is basically indemnified from anything and everything except gross negligence which is tough to prove. The investor takes the risk and enters into the contract voluntarily for personal gain.
Whether you vote Dems or GOP, none of this will change. There is no difference between insider trading and embezzlement ; yet these guys usually escape scot free. Wall Street owns US policy. And who owns Wall Street ?
Instead of being brainwash to fight democrats these trump people should be looking at hedgfunds who are destroying society. Wouldn't surprise me if they were behind releasing covid-19 into society.
We all know who owns wall street and sakler pharmaceutical but they also control the law and judges so we'll even get prosecuted for even making this obvious comment.
@@robcormier210 For real. As much as the whole "both sides are as bad as each other" narrative gets pushed, they 100% would prefer a GOP government, because time after time it means they don't have to pay as much in taxes and get better subsidisation.
Except there is a huge difference. Embezzlement is fraud and has victims. Insider trading literally has no victim and society benefits from more accurate prices.
That was great journalism. The fact that that Winnie woman got 4 years, but the trader asking her information is not in prison yet is beyond disgusting.
She was dumb and lazy and deserved it. She knew what she was doing was wrong but she still did it. If she was a smart criminal she would have set up her own under the table trading company and fed them info in a stealthy fashion. Even small time Crack dealers know to never use phones. She got more time because she was a distributor of info.
Lol sticking up for that criminal woman.... go look up pictures of her, look at her mugshot, and then come back here and tell me you still think she was wronged for getting 4 years 🤣🤣🤣 she's not that pretty you noob mong
Don't get me wrong, I know the economy is in shambles and in order to break even and make profit, we have to ride it out until stock recovery, but how are some folks in the same stock market as me still able to pull off substantial profits of as much as 650K within months, what am I doing wrong?
You're not doing anything wrong, you just don't have the required skillset to profit off a down market, folks that are making profit in this market are pros and experts with in-depth knowledge and skillset.
Exactly why i enjoy my day to day market decisions being guided by a portfolio-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not outperform, been using a portfolio-coach for over 2years+ and I've netted over $800k
I am being guided by “Margaret Johnson Arndt” who I found on a CNBC interview where she was featured and reached out to her. She has since provided entry and exit points on the securities I focus on. You can look her up online if you care supervision.
@@692ALBANNACHit is as Anatole France said: "The law, in its majestic equality, forbids rich and poor alike from begging in the streets, sleeping under bridges and from stealing bread."
This report proves that rich people always get away with crimes like that. Cohen is worth today even more, $11 billion. This can men only one thing: Crime pays off.
I'd love to invest in stocks after listening to a guy on a podcast talk about the importance of investing and how he made over $300k in few months of investing into stocks from $175k initial capital, somehow this video has helped shed light on some things but I'm confused about the current market volatility I'm new to this and I'm open to ideas.
I have $170K in NVIDIA right now. I only got into stocks to try and make anything to help afford some medical infusion treatment that I need. I know it’s a risky game especially for someone like me who isn’t focusing hard on the market. I just don't want to make any wrong move. Do I hold or sell and buy back? Genuinely asking for any advice.
When it comes to investment, diversification is key. That is why I have my interests set on key sectors based on performance and projected growth. They range from the EV sector, renewable energy, Tech and Health (AMD) alongside coins, and gold. I'm also working on an investment plan with my Fin. Advisor that includes AI looking into Nvidia, MSFT, Alphabet stocks among others. I've been utilising a financial advisor for more than 15 months now, and I've made over $800,000.
That's quite remarkable! I'm genuinely interested in benefiting from the guidance of such experienced advisors, especially considering the current state of my struggling portfolio. May I know the names of the advisors who has been assisting you in navigating these financial challenges?
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with *MONICA AYAKO VOS* for about five years now, and her performance has been consistently impressive.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
Here's the thing. They amass so much money it's easier to just pay the fine if caught. Never or rarely do jail time. Not nearly enough SEC agents to work cases & the traders know it.
@@jimdaniel5566 "Beat them in public." For what? What exactly is the crime? Real crimes have victims. The "victims" of insider trading are people who get better fills than they otherwise would have on trades and a public that gets a more efficient market that accurately reflects all information. I have a better idea. Beat politicians who support insider trading laws and jackbooted thugs who enforce them.
Shelia, have you ever seen the movie The Big Short? The SEC is complicit in these crimes. A Self Regulatory Organization that never hands out harsh punishments / closes loopholes is just as guilty. It is just a "cost of doing business" to them. If there is a severe punishment, it is never for the worst actors: JP Morgan, Goldman Sachs, Citadel, Virtu, Bank of America, Citi Group, Etc. It is always some small fish so the cycle can continue. Harsh reality is most of the US Stock Market is completely fraudulent or participating in illegal activities.
OK. He makes about $8 billion from his company. His company is found guilty. He has to pay a $1.8 billion fine. So he is still $6.2billion ahead. Who says crime does not pay? Where's the RICO law when we need it? Oh. I get it. That's for us ordinary mortals, not billionaire demi-gods.
Totally agree - in drug cases they cease all the assets, should be the same here - ill gotten gains should all be confiscated. Insider trading created the whole poisonous tree, cut it down completely.
Market declines, soaring inflation, a significant increase in interest rates by the Fed, and rising Treasury yields all point to additional losses for portfolios this quarter. How can I profit from the present market turbulence? I'm still debating whether to sell my $125,000 ETF/Growth Stock portfolio.
Concentrate on two main objectives. First, keep yourself safe by knowing when to sell stocks in order to limit losses and maximize gains. Second, get ready to benefit from market changes. I advise consulting a CFP or other professional for advice.
Yes, I have been in touch with a CFP ever since the outbreak. Today, investing in hot stocks is quite easy; the difficult part is deciding when to buy and sell. With an initial starting reserve of $80k, my adviser chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
@@joesphcu8975 my 401k growth has been stagnant since the 2019. I wouldn't mind consulting the advisor who guides you, I really want to grow my retirement fund since I could retire in 3 years.
The stock market is without a doubt the awkward teenager with the most extreme mood swings! I started out with a commentator named “Eileen Ruth Sparks.” Her honest approach gives me complete ownership and control over my position, and her rates are incredibly affordable given my ROI.
What's the best approach to capitalize on the current market conditions? I'm deliberating on whether to diversify my $200k stocks portfolio.what strategies should I employ?
The market is volatile at this time, hence I will advice you get yourself a financial advisor that can provide you with entry and exit points on the share/etf you focus on.
I was recently through an investing nightmare during the crash in march 2020. I think with the assistance of my advisor I have so far grown my initial investment of $145k to $480k
Accurate asset allocation is crucial, and some individuals use hedging strategies or allocate part of their portfOlio to defensive assets for market downturns. Expert guidance is vital for achieving this. This approach has helped me stay finan-cially secure for over five years, yielding nearly $1 million in returns on invest-ments.
If someone on foodstamp cross the road before it turns green they will get 5 years but if hedge guy destory economic of superpower he get a bailout and superbonus. That America for you.
@@XTen1000DaysX check out the book black edge. It goes into this story in further detail. It’s great. Matthew martoma gets sentenced. Whether he flips on cohen. His real name isn’t even Matthew. It’s good!
To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough. I've been quite unsure about investing in this current market and at the same time I feel it's the best time to get started on the market, what are your thoughts?
Since the crash, I've been in the red. I’m playing the long term game, so I'm not too worried but Jim Cramer mentioned there are still a lot of great opportunities, though stocks has been down a lot. I also heard news of a guy that made $250k from about $110k since the crash and I would really look to know how to go about this.
here is my problem I have been making losses trying to make trade. I thought to trade demo is just like the real..can anyone help me out or at least tell me on what to do.
The wisest thought that is in everyone's minds today is to invest in different income flows that do not depend on the government, especially with the current economic crisis around the world. This is still a good time to invest in gold, silver and digital currencies (BTC, ETH. stock,silver and gold)
The same funds that commit the insider trading donate to the PACs of the politicans creating the laws. Blackrock literally sits at the table at the bilderberg group lol.
Insider trading not only doesn't harm the economy but helps it. It helps people on the other side of trade get better prices fills. It communicates information through the trend in prices. And it allows capital to be more efficiently allocated because a company's share price is more accurately accounting the underlying business. Unlike you, I won't say economic illiteracy should be a capital offense. But you not be voting and should not have any say in the laws that are passed.
@@Markdfadf you and people who think like you are the reason why this kind of trading is fucking over the whole economy and the average worker more and more. This is the reason why we have more frequent crashes were the Banks have to be bailed out by tax payers money. Please don´t reproduce your kind.
@@redwarf8118 I find your aggressive ignorance amusing. Nothing you said has any tether to reality. Insider trading plays zero role in crashes. It doesn't lead to bailouts. It doesn't harm workers. (How could you even think these things when there isn't even a remote connection.) Maybe start by reading a freshman economics textbook instead of sniffing glue before rage posting on the internet.
Lmao $1.8 billion fine for a guy that amassed over $8 billion for doing said crime. Sounds like just the cost of doing business instead of criminal behavior.
I wonder if people that experienced the 2008 crash had it easier because this market conditions are driving me to insanity, my portfolio has lost over $18500 this Sept. alone my profits are tanking and I'm don't see my retirement turning out well when I can't even grow my stagnant reserv
When the stock market rebounds, many investors may come to regret not investing in the red today. It's possible that this pricing will never be seen again. If you have a fantastic vision for it, there is always opportunity in the midst of chaos.
@@theresachung703 I've watched Frontline for 20+ years. It's always had SOME bias, but now it's quickly becoming PURE bias. It's no longer my "go to" for long form investigative journalism to say the least. And I find that very sad.
Waking up every 14th of each month to $210,000 it’s a blessing to I and my family… Big gratitude.Thank you for all the knowledge and nuggets you had thrown my way over the last year.
I'm new to cryptocurrency and don't understand how it really works. how Can someone know the right approach to investing and making good profits from cryptocurrency investments?
As a beginner investor, it’s essential for you to have a mentor to keep you accountable. Myself, I’m guided by Adam Jeremy. A widely known crypto consultant
I lost a huge sum to META, i watch your videos but there is a lot I am yet to understand. How can one enlist services of an experienced trader/licensed advisor? I’m retiring in 6 months. I am stuck on deciding how to reinvest so I can prepare for retirement without losing due to inflation with a huge cash position.
I don't know your full situation so my suggestion, google for a local financial advisor with reviews/testimonials they will love to talk to you. This is FREE. Do your research before you partner with any advisr’. That’s how we found ours. She specializes in bear markets and has predicted almost every event in this territory correctly including the recent rally.
@@Alejandracamacho357 How does it work? I have seen other comments on referrals that don’t seem legit, how is yours any different? Do you entrust your funds to your advisor? Are there any charges upfront? and are the fees on an hourly basis or for assets under management?
@@wiebeplatt4749 You don’t have to take my word for it, do your own dd, but make sure to hire a 'fee only' advisr. Handing over your life savings to someone and then also hiring them as your advsr is HUGE MISTAKE, as that's an inherent conflict of interest. I have been better than 95% of the other analysts/experts I watch on UA-cam, and frankly I have profited considerably as a result.
Being an investor is a lot of hard work you have to constantly be updated in the market and you sound like you probably don’t wanna do a lot of work because you’re close retirement so I would recommend investing in something like the Dow or the S&P they often outperform a lot of the big hedge funds and their managers. If you are really serious about investing you should read the intelligent investor by Benjamin Graham and then you should look at warren buffets annual meetings and get familiar with finance.
@@Alejandracamacho357 Close retirement, exactly. I don't have a lot of time on my hands but I know a few about working with professionals like my family lawyer and an accountant. I didn't begin on time so I am happy to hire services of an advisr with requisite skills and be sure I can conduct my due diligence properly.
James freshman was really regretting every word in his memoir. His face sank and was eating every word. The reporter really did great job to confront him on it.
PLEASE ADVISE ME. I was told to spread my savings across different things like BTC and Stocks to protect and support my retirement. with everything being shaky,I'm considering going into Trade. i don't wanna make the wrong choice.
you must have these things in mind 1. Have a long term mindset. 2. Be willing to take *risk*. 3. Be careful, if you're not spending to earn back, then stop spending. 4. Never claim to know - Ask questions and it's best you work with an assistant.
Yo I didn't know Kate was this popular,my cousin trade with her for some months now, I tried but couldn't understand anything it's not my thing tho so I passed Lol. I can testify that trade pays very well because my cousin at 23 bought a house already.
When it comes to Trade, I can confidently say that bitcoin is the best option. But most people think it's all about buying and leaving it to rise but It takes a lot more you need to trade it to earn daily.
SAC are still trading under point72, they're also still one of the biggest users of expert networks in the industry, and Cohen is still the founder. Nothing has changed they just put on a different suit.
"Sugar and two creams, come with us please, sir...we're gonna need a bigger boat." Criminally cornball lines and that guy is so proud of them. Gotta love it.
I have always found it mind boggling that white collar criminals can make $200 million off their crimes and only pay a fine less than the amount they made. I suppose that's how it goes when these criminals have the funds to lobby for certain laws to not be changed. I have always held the notion that if you decide to be a criminal, be a white collar criminal because it's fairly obvious that the sentencing and the fines for white collar crimes are far more lenient than any other type of crime (generally speaking).
Jordan Belfort spent less than two years in prison. The guy who broke so many laws that they made a movie about him. Spent about as much time in prison as someone who stole a car. I'll spend two years in prison if it means I can be a millionaire when I get out.
Excellent documentary. Every rich person who has made a million from Wall Street had insider trading. Look at our politicians. Multi millionaires on a 150k per year job. Common....
@@abcdef-qk6jf Citizen's United - remember who voted it in - we need new legislators new Supreme Court Justices who are not apart of the Money Tree - look at ole Clarence Thomas and his wife Ginni and nothing is being done about that treasonous duo.
Most people simply enter the foreign exchange market without comprehending matters like this. The first stage in building money is determining your goals and risk tolerance, which you may do on your own or with the assistance of a financial counselor who works with a verified Finance agency. And also you can learn the facts about saving and investing and create a clear plan, you should be able to acquire financial security over time and enjoy the benefits of income management.
Thank you so much for the advice. Your coach was simple to discover online. I did my research on him before I scheduled our phone call. He appears knowledgeable based on his online resume.
I curiously made a research of his full names after reading what you shared, I came across his webpage on-line. My portfolio suffered a big hit, holding it further won't be any good. I've heard of people netting hundreds of thousands this red season I'm really glad to see this...
I've been making more than six figures passively investing with John Desmond Heppolette, who showed me the right community to join and grow mv finances and I don't have to do much work. It doesn't matter if the market is crashing, I will always make returns.
@@TheAppleLoadout Not much of a democracy when criminals pay small fines or small jail terms , but most aren't caught, Politicians are bought off and are also involved in insider trading. When both political parties accept huge amounts of money from lobbyists and it has been okayed by Supreme Court - where do you see a democracy? Little people got to jail for shoplifting, black people get killed for selling loosies and Wall Street gets bailed out when Main st. looses everything. Sounds like a banana republic to me.
Having Cryptocurrency as an Asset and not been able to profit from them can be very frustrating. Is this the right time to invest? Before I jump to the conclusion, I think you should take a look at things first
As an independent woman, I started my first investment plan with just $1000 and am now earning a weekly income of $4220 trading cryptocurrency with my personal broker
Bitcoin has been going down for a while, and currently it could keep going down or decide to go up. The truth is that no one knows, I think it's a good time to make a purchase and also seek professional help,,
I've followed literally all financial scams for the past 30 years. It never gets old. Long-Term Capital to FTX it's all fascinating. Enjoyed Raj drama back in the day haha
To the pharmacist who dumped a million dollars on a binary pharma stock. He lost his money because he was dumb. The drug failed whether sec was crooked or not. Now he wants to sue…
In the 80s and 90s, every firm trading on NASDAQ was guilty of insider trading. By brokers, just look at the wealth accumulation among senate and congressional members. How do public servants have net worth in double digit millions after being elected
30:44 This was a very enlightening interview. He really torture that guy to admit that 1 in 10.000 calls might say something that they shouldn't have said. Great job!
Yeah but not a very strong accusation. Yeah if there's a group of employees doing a job, at least one of those employees IS BOUND to break a rule. That applies in the video and pretty much everywhere else. Again, a weak point to tackle.
The fact is that BTC symbolises the future of cryptocurrency, and traders are wondering if now is the best moment to trade, I feel you should examine the situation more closely before jumping to any conclusion. BTC's price has been fluctuating over the previous days, signaling that the market has become unstable and that is it impossible to anticipate whether it will go bearish or bullish. Others are patient, while others continue to trade with no risk. It all depends on the pattern you're trading and the source of your signal;
That’s true , I’ve been getting assisted by a FA for almost a year now , I started out less than $200k and I’m just $19,000 short of half a million in profits.
*Jessica* *Chiara* *Russell* is actually the one that guides me ,she's a highly-sought out advisor who I found on a CNBC interview where she was featured,you can look up her name on Google and reach out through her page.she understands the job perfectly.
@49:28 “doesn’t matter who you are and who you are connected to, you have to play by the same rules as everybody else.” Proceeds to accept a bribe, I mean fine in lieu of jail time for criminal behavior.
A friend of mine recently told me: “You can make a lot more money with a briefcase, than with a gun!” I guess he needs to add “a phone, the Internet, and some well paid contacts.”
Raj was also spreading "switches" by buying one index tenor and shorting another. It's a rates-trade (div-arb) but he was allocating the winning leg to F&F and the loser to public funds. He also did it with singlename spreads (stocks).
So make 8 billion via cheating, and then pay back not even 25% of that as a punishment? Seems like cheaters still prosper in America! If you have enough money of course.
The law needs to be changed. Start with stopping the insider trading by congress. Change the law. "The corpse rots from the inside out." (old American proverb )
32:10 this guy could’ve saved a lot of face by just saying something along the lines of “it’s a big business and mistakes are bound to happen, just like any other company” or something. You can’t be responsible for every individual.
yeah, and this part too... 50:19 How can he not know the basic idea of limited liability entity? ... If you have 1000 employees and some of the employees conducts illegal activities within your sub departments, why should you be responsible to face the consequences of other people's the choice of conducting the illegal activities? Would that be fair to you?
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Michelle Stewart.
Preet Bharara : " It's doesn't matter who you are or how much money you have, every body has to play by the same rules..." Steve Cohen : "Nah, you just have to pay $1.8 billion to stay out of prison and keep on keeping on ; )
We know the game is rigged. Yet were so far into the either, we act like we'll let some do dirt while we look the other way. We have no law really. in my opinion.
In a system as dependent on money as ours is, actions to derail that system are in a way tantamount to treason. The unfortunate flip-side of that coin is that the very same money can get you off the hook for basically any infraction. Insider trading is business as usual. The only surefire way to steer clear of being prosecuted for it is to be a politician. Steal a little from a great number of poor people, not a lot from a few rich ones. That way, it's not interpreted as theft, but rather the "will of the free market." Start stealing from rich people though, and you'll get noticed right quick.
On the Dow Jones index, only seven stocks gained on Thursday. Apple (AAPL)and Microsoft(MSFT) rose, as did Visa (V)Microsoft and Visa are rebounding from their 10-week moving averages.Meanwhile, Tesla (TSLA) fell 5% on the stock market today. Shares are extending a downtrend. I have over $320k in stocks. Currently, my portfolio is down by 15%. Wondering if there are any short term opportunities I can invest in.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $450k.
'Tenley Megan Amerson' is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
SCAMMERS, PEOPLE DONT FALL FOR HTESE GROUP OF PEOPLE COMMENTING UNDER THEMSELVES. LIKE ITS NOT JUST ONE PERSON DOING SLL OF THAT TO LURE PEOPLE TO THIER PRIVATE PLATFOR AND SCAM THEM LYING THEY TRYING TO HELP.
5.4 percent on some certificate of deposits, 6 pewrcent on corporate bonds.
Frontline is without a doubt the best in-depth journalism in media today. It's pretty refreshing.
You must realize that this story is 7 years old.
About the last real journalism without a preconceived idea
"Fake news"- Donald trump
I mean, if you count not breaking any stories and telling a very watered down and biased version of events after everything has already been exposed, then sure. Where is Frontline in 2021 exposing how the same crap is still going on and nothing has changed? Oh wait that requires work.
Always refreshing. Although, they do interview Steve Bannon and Sebastian Gorka too much. What leftist media figures have they presented on? Slavoj Zižek? The furthest left they reach (for commentary) is Yamiche Alcindor. They've never even mentioned Jacobin magazine, but they have mentioned Breitbart.
When the Gov't indicted Steve Cohen, he contacted several law firms and had no less than 10 of the top lawyers show up in court. He was determined to show the US Govt that if they wanted to try to bring him down - - it was going to be the most expensive legal case they ever encountered. Instead, the Gov't choked out, they cowarded out, they settled for a huge chunk of his fortune instead of prison time. So, Steve Cohen walked. At least 2 of his underlings did prison time.
Supposedly Matthew Martoma was set up with a nice little offshore trust as a thank you for not flipping on Cohen.
Smart move overall for both
Thats the way it has always worked and still works....
@@FrankLukasJr-gk5vwCool. Still wrong.
Not only wrong, it’s despicable. We rely on the DOJ to not be afraid of long cases regardless of the cost. What politics were involved in letting Steve Cohen go. He should be in jail, period.
There are lots of mixed opinions about stocks and there projection in the next coming years, I aim for short term solid gains from market correction and I'd definitely jump on the boat if I knew a thing or two about day-trading. I'm just looking for the right moves to grow and hedge my stagnant reserve of $490k from inflation.
Keep your focus on two primary goals. To start, protect yourself by understanding when to sell stocks to minimise losses and optimise gains. Second, prepare to profit from shifts in the market. I suggest seeking counsel from a financial consultant or other expert.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
i'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
"Laurelyn Gross Pohlmeier," a well-known authority in this field. I would recommend looking into her credentials more because she has a great deal of expertise and is a great resource for anybody looking for advice on how to navigate the financial market.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
I have zero confidence in the SEC to ever come close to stopping insider trading
We need to change the law that allows for willful negligence that Cohen claimed - after 30 + years in the business does not know the law re. insider trading. An act of Congress has to change the law. But since Congress is paid off by these people guess what... we need to stop letting lobbyists pay off our politicians. We have a totally corrupt system no matter who is in, Dems or Repubs. Some might be ok, but they are in the minority.
The SEC as a civil agency will never stop it. Even with Cohen where they shut him down and he paid a gigantic fine he still made more than what he paid. He reopened and the fund manages way more than it did before being shut down. When your punishment is fines it’s simply a cost of doing business.
HAHAHAHAAH.
As if the entire of Wall Street and the Biden Government is not corrupt. But they need to pin it on one guy to make them feel good about themselves and trick you into thinking "we got the bad guy". You took the bait.
Incompetent
Without insider trading hedge funds would never be as successful as they are
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
@Susanne-Helle That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well
@Susanne-Helle I will give this a look, thanks a bunch for sharing.
Inflation has nothing to do with the legend. Not sure why you're making your case here
SCAMMERS, PEOPLE DONT FALL FOR HTESE GROUP OF PEOPLE COMMENTING UNDER THEMSELVES. LIKE ITS NOT JUST ONE PERSON DOING SLL OF THAT TO LURE PEOPLE TO THIER PRIVATE PLATFOR AND SCAM THEM LYING THEY TRYING TO HELP.
i seen this same comment on another video what are you copy and pasting lol
Most people now take videos like this for granted. But a few decades ago, we who live outside the US don't have access to something like this. Definitely not on free TV.
Thankful for these PBS channels, with old school journalism where a lot of hard work went into the production of episodes.
--Petaling Jaya, Malaysia.
Agreed. Currently in university for Business Law, and there were a lot of little things I was surprised about how in depth the documentary went into. PBS is a godsend
Speak for yourself. As for access, that's definitely not my problem.. maybe you need to know someone much closer to the action aye. Just saying 🤣
Better off without it. PBS is a leftist organization. Blue journalists.
True True and so True. Thank you!!!!!!
The bad guys (The GOP) want to defund PBS.
Steve Cohen made billions on inside trading and he’s considered a great investor. I’ll be a great investor too having all the info ahead of time.
If you are good at anything and are a leader people will be there to work with you. Markets aren't manipulated. They are exploiters of legal weakness in a market. These things are big deep icebergs of understanding. I suggest if you don't know how it works to remove bias. He has donated Millions to people. He has made people careers and created lots of jobs. People paid taxes He paid fines. He paid his fee and is not considered a criminal.. dont hate the player just like a lot of people don't hate "popular" people and just send them info hoping to be a part of something. What is legal or not is extremely deep. If your friend said buy bitcoin and you trusted him, would you? is that illegal? look up and show me the laws and I will say, yes or no. Cohen "escaped criminal indictment himself despite being the living, breathing heart of S.A.C. Capital," but Dr. Sidney Gilman, the star prosecution witness against Martoma, testified that FBI agents told him that Cohen was the investigation's ultimate target.
Nancy Pelosi is also a phenomenal investor!
@@maanavchellani7115 lmfao
@Sheerluck Holmes That is true, I am not saying he is a hero, I am saying he is a sort of anti hero. But if you see the tests, like the 65, 7 or any. the regulations get more and more complicated. I.E what is a conflict of interest that would be described as (insert specifics). with series of answers, a b c d or all of the above you may select any amount of correct answers. when those answers are more specific I think you'll understand my point. ,
Exactly well said lol. We'd all be great investors too.
Thank you so much for this video but in these uncertain times it is more important than ever to have a solid understanding of how to manage your finances, invest wisely and navigate economic downturns. But my primary concern is how to grow my reserve of $240k which has been sitting duck since forever with zero to no gains, sure I'm all in on the long term game, but with my savings are lying waste to inflation and my portfolio losing gains everyday, I need a remedy.
If you need advice, consider speaking with a financial advisor. Don't get me wrong, you can do it on your own, but financial advisors have a lot more knowledge and expertise in this area.
you are completely right, Advisors have information and paths that are not disclosed to the public.. I profited 560k in 2022 under the tutelage of my Fiduciary-counselor. Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.
That's impressive! I could really use the expertise of this manager for my dwindling portfolio. Who's the professional guiding you?
Her name is Amalia Bunker can't divulge much. Most likely, the internet should have her basic info, you can research if you like
560k? Amazing! how did you get started?
"the criminal negligence laws that cover some industries do not apply to finance." - I literally spat out water when I heard that
Laws come from where? Exactly! They should be made to public awareness. Read between the lines. (Capital Hill)
So, this isn't directly inversely proportional, but I don't need Michelle Obama setting a cap of how much I can spend at Walmart
@@tonyglock6161 WTF
I assure you, investment professionals have to abide by significantly more strict legal and ethical rules than 99% of the industries out there. Don't watch one or two videos about one/two person/firm and assume this is everyone in the investment industry. If doctors had to live by same rules as investors, 75% would lose their jobs and 50% would be in prison. Same goes for politicians.
Usually have to sign an arbitration agreement when opening an account. The firm is basically indemnified from anything and everything except gross negligence which is tough to prove. The investor takes the risk and enters into the contract voluntarily for personal gain.
Pbs deep voice narrator is the best of all time... brings so much great memories
Every family has that one person who will break the family financial struggles, I hope you become the one. Amen
You're right, Fear is one of the factors that hinder most persons to invest into crypto, most persons say ignorance..
imagine investing in Btcoin earlier.... You could have been a multi millionaire presently
@victoriabrady1791 If you are using really a good broker or account manager is easier to earn from the market
Crypt currency will outsmart the banking system in the nearest future serving as a global fiat. Already making over 85% profit from my investment
I'm new to bitcoin trading, how can I go about it or is there anyone you can refer?? 🙏🙏
Whether you vote Dems or GOP, none of this will change. There is no difference between insider trading and embezzlement ; yet these guys usually escape scot free. Wall Street owns US policy. And who owns Wall Street ?
I would venture to say that these guys definitely prefer a GOP govt, but are able to manipulate either political party for sure.
Instead of being brainwash to fight democrats these trump people should be looking at hedgfunds who are destroying society. Wouldn't surprise me if they were behind releasing covid-19 into society.
We all know who owns wall street and sakler pharmaceutical but they also control the law and judges so we'll even get prosecuted for even making this obvious comment.
@@robcormier210 For real. As much as the whole "both sides are as bad as each other" narrative gets pushed, they 100% would prefer a GOP government, because time after time it means they don't have to pay as much in taxes and get better subsidisation.
Except there is a huge difference. Embezzlement is fraud and has victims. Insider trading literally has no victim and society benefits from more accurate prices.
That was great journalism. The fact that that Winnie woman got 4 years, but the trader asking her information is not in prison yet is beyond disgusting.
forreal, mindy got lobsters, the trader made millions and shes in jail smh
Yea powerful people nothing happen to them
She was dumb and lazy and deserved it. She knew what she was doing was wrong but she still did it. If she was a smart criminal she would have set up her own under the table trading company and fed them info in a stealthy fashion. Even small time Crack dealers know to never use phones. She got more time because she was a distributor of info.
Lol sticking up for that criminal woman.... go look up pictures of her, look at her mugshot, and then come back here and tell me you still think she was wronged for getting 4 years 🤣🤣🤣 she's not that pretty you noob mong
@@newyorkcity76oo
Don't get me wrong, I know the economy is in shambles and in order to break even and make profit, we have to ride it out until stock recovery, but how are some folks in the same stock market as me still able to pull off substantial profits of as much as 650K within months, what am I doing wrong?
You're not doing anything wrong, you just don't have the required skillset to profit off a down market, folks that are making profit in this market are pros and experts with in-depth knowledge and skillset.
Exactly why i enjoy my day to day market decisions being guided by a portfolio-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not outperform, been using a portfolio-coach for over 2years+ and I've netted over $800k
I need guidance so i can salvage my portfolio due to the massive dips and come up with better strategies. How can I reach this advisor?
I am being guided by “Margaret Johnson Arndt” who I found on a CNBC interview where she was featured and reached out to her. She has since provided entry and exit points on the securities I focus on. You can look her up online if you care supervision.
Thanks for sharing, needed this myself. I just looked her page up online and I would say she really does have an impressive background on investing
"A man with a briefcase can steal more money than any man with a gun" Don Henley
But the man with a gun will spend more time behind bars.
@@692ALBANNACHit is as Anatole France said: "The law, in its majestic equality, forbids rich and poor alike from begging in the streets, sleeping under bridges and from stealing bread."
He spent no time behind bars, was ordered to pay $1.8 billion in fines and still has a personal wealth considered to be over $17 billion.
Look up the Ayn Rand bit from Atlas Shrugged speech on money. Listen all the way through ( or read if anyone still does that)
@@692ALBANNACH ... which is one of the reasons why the man with the briefcase can steal more.
This report proves that rich people always get away with crimes like that. Cohen is worth today even more, $11 billion. This can men only one thing: Crime pays off.
Lol he made $1.2 billion for 2020
His net worth is 16B now
@Lordeverfall100 Maybe he's already at $20B and is lying about his net worth🤔
No, this is only possible because he belongs to a certain group ✡️, otherwise he would have been arrested a long time ago.
Terrible, how is it that all these white crimes never get convicted. Yet for saying dumb things, the mlb, nfl, etc force you to sell the team.
I'd love to invest in stocks after listening to a guy on a podcast talk about the importance of investing and how he made over $300k in few months of investing into stocks from $175k initial capital, somehow this video has helped shed light on some things but I'm confused about the current market volatility I'm new to this and I'm open to ideas.
I have $170K in NVIDIA right now. I only got into stocks to try and make anything to help afford some medical infusion treatment that I need. I know it’s a risky game especially for someone like me who isn’t focusing hard on the market. I just don't want to make any wrong move. Do I hold or sell and buy back? Genuinely asking for any advice.
When it comes to investment, diversification is key. That is why I have my interests set on key sectors based on performance and projected growth. They range from the EV sector, renewable energy, Tech and Health (AMD) alongside coins, and gold. I'm also working on an investment plan with my Fin. Advisor that includes AI looking into Nvidia, MSFT, Alphabet stocks among others. I've been utilising a financial advisor for more than 15 months now, and I've made over $800,000.
That's quite remarkable! I'm genuinely interested in benefiting from the guidance of such experienced advisors, especially considering the current state of my struggling portfolio. May I know the names of the advisors who has been assisting you in navigating these financial challenges?
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with *MONICA AYAKO VOS* for about five years now, and her performance has been consistently impressive.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
Here's the thing. They amass so much money it's easier to just pay the fine if caught. Never or rarely do jail time. Not nearly enough SEC agents to work cases & the traders know it.
Fines should be based on profits made and annual income. Strip these clowns of their years worth of profits and beat them in public
but God sees all.
@@jimdaniel5566 "Beat them in public." For what? What exactly is the crime? Real crimes have victims. The "victims" of insider trading are people who get better fills than they otherwise would have on trades and a public that gets a more efficient market that accurately reflects all information.
I have a better idea. Beat politicians who support insider trading laws and jackbooted thugs who enforce them.
Shelia, have you ever seen the movie The Big Short?
The SEC is complicit in these crimes. A Self Regulatory Organization that never hands out harsh punishments / closes loopholes is just as guilty. It is just a "cost of doing business" to them.
If there is a severe punishment, it is never for the worst actors: JP Morgan, Goldman Sachs, Citadel, Virtu, Bank of America, Citi Group, Etc. It is always some small fish so the cycle can continue.
Harsh reality is most of the US Stock Market is completely fraudulent or participating in illegal activities.
@@SHOTTuINdFACE Yes, The Big Short was good. Look at the Maddoff case too.
OK. He makes about $8 billion from his company. His company is found guilty. He has to pay a $1.8 billion fine. So he is still $6.2billion ahead. Who says crime does not pay? Where's the RICO law when we need it? Oh. I get it. That's for us ordinary mortals, not billionaire demi-gods.
It's not a fine to deter him from doing it again, it's just the cost of doing business.
Lol cohen made $1.6 billion in 2020. In the words of bobby axelrod, its just an ant bite. Nothing big
@@Philosific being a billionaire is like a free ticket to get away with white collar crime.
You understand the assignment.
Totally agree - in drug cases they cease all the assets, should be the same here - ill gotten gains should all be confiscated. Insider trading created the whole poisonous tree, cut it down completely.
Market declines, soaring inflation, a significant increase in interest rates by the Fed, and rising Treasury yields all point to additional losses for portfolios this quarter. How can I profit from the present market turbulence? I'm still debating whether to sell my $125,000 ETF/Growth Stock portfolio.
Concentrate on two main objectives. First, keep yourself safe by knowing when to sell stocks in order to limit losses and maximize gains. Second, get ready to benefit from market changes. I advise consulting a CFP or other professional for advice.
Yes, I have been in touch with a CFP ever since the outbreak. Today, investing in hot stocks is quite easy; the difficult part is deciding when to buy and sell. With an initial starting reserve of $80k, my adviser chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
@@joesphcu8975 my 401k growth has been stagnant since the 2019. I wouldn't mind consulting the advisor who guides you, I really want to grow my retirement fund since I could retire in 3 years.
The stock market is without a doubt the awkward teenager with the most extreme mood swings! I started out with a commentator named “Eileen Ruth Sparks.” Her honest approach gives me complete ownership and control over my position, and her rates are incredibly affordable given my ROI.
Thanks, I just googled her and I'm really impressed with her credentials. I reached out to her since I need all the assistance I can get.
Imagine the insider trading that’s been going on with the Vaccines
Best thing I ever did was take my retirement and managed it myself these hedge funds are nothing but criminals.
Low cost ETF funds are making me a lot of money…money that I never made when my money was under management
@@riohenry6382 Lmao most of those ETF if not all are made by the money managers you are talking about
@@PacknVac I don’t think you understand how passive trading and fees work
@@riohenry6382 low fee funds are the only way to go, unless you know something...
@@LIONTAMER3D absolutely right. Low fee ETFs are the backbone of my plan
What's the best approach to capitalize on the current market conditions? I'm deliberating on whether to diversify my $200k stocks portfolio.what strategies should I employ?
The market is volatile at this time, hence I will advice you get yourself a financial advisor that can provide you with entry and exit points on the share/etf you focus on.
I was recently through an investing nightmare during the crash in march 2020. I think with the assistance of my advisor I have so far grown my initial investment of $145k to $480k
Accurate asset allocation is crucial, and some individuals use hedging strategies or allocate part of their portfOlio to defensive assets for market downturns. Expert guidance is vital for achieving this. This approach has helped me stay finan-cially secure for over five years, yielding nearly $1 million in returns on invest-ments.
I've been looking to get one, but have been kind of relaxed about it. Could you recommend your advis0r? I'll be happy to use some help.
*Jennifer Leigh Hickman* is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
If someone on foodstamp cross the road before it turns green they will get 5 years but if hedge guy destory economic of superpower he get a bailout and superbonus. That America for you.
Don’t jaywalk fam
Nooooooo
Lol, I am speaking Spanish? Losser!
Lol, I am speaking Spanish? Losser!
Where did you go to school?
Criminalize negligence so our politicians can be held accountable.
Aliens will be watching PBS Frontline documentaries to wonder how we destroyed ourselves...
Sorry, this is no justice. The richest guy could stay out of prison and settled with money. SEC is a joke
How about politicians who do the same thing? Do a documentary about them too
Congress is exempt from insider trading regulations by law. They are a legally protected class of investor.
Start with Pelosi & her old man
no, only brown or asian people
Aka Pelosi
Love how we celebrate grifters by calling them moguls.
Well said
I don't speak millennial or zoomer.
This is gonna be a banger! More finance ones frontline! 🍿
This episode has been out for many years........
@@somnuswaltz5586 well to some of us it's new
@@XTen1000DaysX check out the book black edge. It goes into this story in further detail. It’s great. Matthew martoma gets sentenced. Whether he flips on cohen. His real name isn’t even Matthew. It’s good!
@@ocimak i have read that book. I finished half of it atleast, good book
To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough. I've been quite unsure about investing in this current market and at the same time I feel it's the best time to get started on the market, what are your thoughts?
Since the crash, I've been in the red. I’m playing the long term game, so I'm not too worried but Jim Cramer mentioned there are still a lot of great opportunities, though stocks has been down a lot. I also heard news of a guy that made $250k from about $110k since the crash and I would really look to know how to go about this.
There are actually a lot of ways to make high yields in a crisis, but such trades are best done under the supervision of Financial advisor.
@Dan Brooks Impressive can you share more info?
@Dan Brooks She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
Just start buying then hedging with short options that’s what I do and I’ve been slowly getting my portfolio up
Should I give up on Trade?
What should I do?
How may I do better?
What I'm I doing incorrectly?
here is my problem I have been making losses trying to make trade. I thought to trade demo is just like the real..can anyone help me out or at least tell me on what to do.
I always advice new members to have an orientation on how it works before getting involved. Trade offers more benefits than just holding.
Kate Floretta
Face book
Google " katefxfloretta " anywhere take classes to learn to trade.
The wisest thought that is in everyone's minds today is to invest in different income flows that do not depend on the government, especially with the current economic crisis around the world. This is still a good time to invest in gold, silver and digital currencies (BTC, ETH. stock,silver and gold)
It is amazing to me given the amount of damage insider trading can do to the health of our economy it isn’t a capital offense.
The same funds that commit the insider trading donate to the PACs of the politicans creating the laws. Blackrock literally sits at the table at the bilderberg group lol.
Insider trading not only doesn't harm the economy but helps it. It helps people on the other side of trade get better prices fills. It communicates information through the trend in prices. And it allows capital to be more efficiently allocated because a company's share price is more accurately accounting the underlying business. Unlike you, I won't say economic illiteracy should be a capital offense. But you not be voting and should not have any say in the laws that are passed.
@@danielamador4306 yeh, I read something about that on a box of cereal. What are you gonna do, I guess.
@@Markdfadf you and people who think like you are the reason why this kind of trading is fucking over the whole economy and the average worker more and more.
This is the reason why we have more frequent crashes were the Banks have to be bailed out by tax payers money.
Please don´t reproduce your kind.
@@redwarf8118 I find your aggressive ignorance amusing. Nothing you said has any tether to reality. Insider trading plays zero role in crashes. It doesn't
lead to bailouts. It doesn't harm workers. (How could you even think these things when there isn't even a remote connection.) Maybe start by reading a freshman economics textbook instead of sniffing glue before rage posting on the internet.
Lmao $1.8 billion fine for a guy that amassed over $8 billion for doing said crime. Sounds like just the cost of doing business instead of criminal behavior.
You said it
Hey! Different rules for billionaires and for plebs like you.
Not really. It also banned him from the securities business for life.
So congress (who made insider trading illegal) are the only ones who can inside trade
I wonder if people that experienced the 2008 crash had it easier because this market conditions are driving me to insanity, my portfolio has lost over $18500 this Sept. alone my profits are tanking and I'm don't see my retirement turning out well when I can't even grow my stagnant reserv
When the stock market rebounds, many investors may come to regret not investing in the red today. It's possible that this pricing will never be seen again. If you have a fantastic vision for it, there is always opportunity in the midst of chaos.
@Champ Hallier How can I contact your Asset-coach as my portfolio is dwindling? That's fascinating.
These bot comment threads are something else
William L. God bless your voice and transparency in the media field. PBS is open and trusted source
It's becoming a less trusted source in a hurry.
@@NunYa953 why?
@@theresachung703
I've watched Frontline for 20+ years. It's always had SOME bias, but now it's quickly becoming PURE bias. It's no longer my "go to" for long form investigative journalism to say the least. And I find that very sad.
@@NunYa953 Give some examples rather than just stating your opinions
Waking up every 14th of each month to $210,000 it’s a blessing to I and my family… Big gratitude.Thank you for all the knowledge and nuggets you had thrown my way over the last year.
I'm new to cryptocurrency and don't understand how it really works. how Can someone know the right approach to investing and making good profits from cryptocurrency investments?
As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.
As a beginner investor, it’s essential for you to have a mentor to keep you accountable. Myself, I’m guided by Adam Jeremy. A widely known crypto consultant
I'm a beginner please how can i reach out Adam Jeremy
he’s mostly on telegrams
Another amazing documentary from PBS 👏
Always so good!
Agreed, my favorite source of in-depth reporting.
This is one of my very favorite PBS DVD documentaries.
@John Aranita .. +1 . Agreed.
Best show ever: Frontline.
Depressing as all hell, but yeah, one of my favorite too.
They're all doing insider trading of some sort and the feds only go after the brown guy instead of the Js
I lost a huge sum to META, i watch your videos but there is a lot I am yet to understand. How can one enlist services of an experienced trader/licensed advisor? I’m retiring in 6 months. I am stuck on deciding how to reinvest so I can prepare for retirement without losing due to inflation with a huge cash position.
I don't know your full situation so my suggestion, google for a local financial advisor with reviews/testimonials they will love to talk to you. This is FREE. Do your research before you partner with any advisr’. That’s how we found ours. She specializes in bear markets and has predicted almost every event in this territory correctly including the recent rally.
@@Alejandracamacho357 How does it work? I have seen other comments on referrals that don’t seem legit, how is yours any different? Do you entrust your funds to your advisor? Are there any charges upfront? and are the fees on an hourly basis or for assets under management?
@@wiebeplatt4749 You don’t have to take my word for it, do your own dd, but make sure to hire a 'fee only' advisr. Handing over your life savings to someone and then also hiring them as your advsr is HUGE MISTAKE, as that's an inherent conflict of interest. I have been better than 95% of the other analysts/experts I watch on UA-cam, and frankly I have profited considerably as a result.
Being an investor is a lot of hard work you have to constantly be updated in the market and you sound like you probably don’t wanna do a lot of work because you’re close retirement so I would recommend investing in something like the Dow or the S&P they often outperform a lot of the big hedge funds and their managers. If you are really serious about investing you should read the intelligent investor by Benjamin Graham and then you should look at warren buffets annual meetings and get familiar with finance.
@@Alejandracamacho357 Close retirement, exactly. I don't have a lot of time on my hands but I know a few about working with professionals like my family lawyer and an accountant. I didn't begin on time so I am happy to hire services of an advisr with requisite skills and be sure I can conduct my due diligence properly.
James freshman was really regretting every word in his memoir. His face sank and was eating every word. The reporter really did great job to confront him on it.
He looked stunned and kinda drunk.... but looks like what he wrote is now coming back to haunt him...
Fleischmann?
@@jackiedelvalle yep
Y'all talking about the corny reporter trying to put words in the guys mouth to make him look bad?
PLEASE ADVISE ME.
I was told to spread my savings across different things like BTC and Stocks to protect and support my retirement. with everything being shaky,I'm considering going into Trade. i don't wanna make the wrong choice.
Ellen DeGeneres hosted Kate floretta on TV 2 yrs ago that was where I saw kate and followed up.i have also been attending her Trade seminars.
you must have these things in mind
1. Have a long term mindset.
2. Be willing to take *risk*.
3. Be careful, if you're not spending to earn back, then stop spending.
4. Never claim to know - Ask questions and it's best you work with an assistant.
Yo I didn't know Kate was this popular,my cousin trade with her for some months now, I tried but couldn't understand anything it's not my thing tho so I passed Lol. I can testify that trade pays very well because my cousin at 23 bought a house already.
When it comes to Trade, I can confidently say that bitcoin is the best option. But most people think it's all about buying and leaving it to rise but It takes a lot more you need to trade it to earn daily.
I think I might have came across the name on an interview last year where she spoke about finance.
Frontline needs to focus its attention on all the insider trading done by our politicians.
SAC are still trading under point72, they're also still one of the biggest users of expert networks in the industry, and Cohen is still the founder. Nothing has changed they just put on a different suit.
Yeah and Cohen Aka scumbag face is currently using Point 72 to short company stocks and screw retail investors...
Cohen still is wearing his same ole suit.
He beats the system and the market by his magic weapon and money
And the fund manages around $12B more than SAC did.
Point72 is more quant than SAC but yea
"Sugar and two creams, come with us please, sir...we're gonna need a bigger boat." Criminally cornball lines and that guy is so proud of them. Gotta love it.
For real reporting! No news media compares to Frontline!!!
I have always found it mind boggling that white collar criminals can make $200 million off their crimes and only pay a fine less than the amount they made. I suppose that's how it goes when these criminals have the funds to lobby for certain laws to not be changed. I have always held the notion that if you decide to be a criminal, be a white collar criminal because it's fairly obvious that the sentencing and the fines for white collar crimes are far more lenient than any other type of crime (generally speaking).
You are absolutely right!!!
We live in a shitty corrupt country!
Jordan Belfort spent less than two years in prison. The guy who broke so many laws that they made a movie about him. Spent about as much time in prison as someone who stole a car. I'll spend two years in prison if it means I can be a millionaire when I get out.
Steve Cohen made the mistake of not being a member of Congress then he could of made insider trades for years with no repercussions!
In the end, the so-called law does not really try to protect the truth, but simply trying to make sure the "procedure" is correct. Quite sad.
Excellent documentary. Every rich person who has made a million from Wall Street had insider trading. Look at our politicians. Multi millionaires on a 150k per year job. Common....
@@abcdef-qk6jf Citizen's United - remember who voted it in - we need new legislators new Supreme Court Justices who are not apart of the Money Tree - look at ole Clarence Thomas and his wife Ginni and nothing is being done about that treasonous duo.
LGB
FJB
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There’s us; & there’s them. “It’s a club, & you ain’t in it.” Enough.
In that case, explain democracy. (I totally agree with you, I am just pointing out the obvious)
RIP George Carlin
@@TheAppleLoadout Not much of a democracy when criminals pay small fines or small jail terms , but most aren't caught, Politicians are bought off and are also involved in insider trading. When both political parties accept huge amounts of money from lobbyists and it has been okayed by Supreme Court - where do you see a democracy? Little people got to jail for shoplifting, black people get killed for selling loosies and Wall Street gets bailed out when Main st. looses everything. Sounds like a banana republic to me.
A real life episode of Billions … they turned him into a family fund.
It was based on him, esp the DA vs Steve stuff
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Gets me madder and madder knowing people are dumb enough to share secrets in plain sight and nobody does anything about it!
we only throw minorities in prison, notice how ALL these people are white?
But the whole point here is something did happen
First Law of Wall Street: everyone gets away with it.
Additionally, they get golden parachutes.
BEST GAME IN THE WORLD! I LOVE IT!!!
@@glennycoleman3799 true
Hmm interesting
As someone who works in a similar industry with family in hedge funds even I learned a lot in this doc. Good job PBS
Great documentary and I wonder how Steve Cohen will use insider trading to improve the Mets. He could check with the Houston Astros I suppose.
Yeah since banging trash cans is relative. Duh
What the hell? I know the 'stros did a bad thing, but come on.
He was a criminal in a fancy suit, period!
He stole my house by a distressed forclosure, 81 years old
I've followed literally all financial scams for the past 30 years. It never gets old. Long-Term Capital to FTX it's all fascinating. Enjoyed Raj drama back in the day haha
LTCM wasn't a scam, just poor risk management
LTCM blew up. No fraud. Meriwether got funded again
You should have become a financial crimes expert at the fbi or worked for the SEC.
Lmfaooooo
Ummm... Long Term Capital wasn't a scam, so given that you were 1 for 2 in your examples I question how much you followed scams.
Funny how they can get underlings to testify against a crime boss, yet they can't get workers to do the same against a company owner.
Steven A.C is to big to take down. Has people in high places
Now when your boss has 2-16 billon he can pay you to be quite sad but true
This is but the TIP of the ICEBERG, the criminality on Wall St goes on unabated........
Incredible documentary, thank you for such quality content... More documentaries like this!
So Steve Cohen gets away without any jail time but Rajrajaratnam goes to jail for the same thing, should we be surprised
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To the pharmacist who dumped a million dollars on a binary pharma stock. He lost his money because he was dumb. The drug failed whether sec was crooked or not. Now he wants to sue…
I know this is gonna be a banger
SEC: Mr. Cohen, do you understand how insider trading laws work?
Cohen: no… also idgaf 🤷♂️
How is this any different than politicians trading on insider information?
This is who the tv show “Billions” is about
Precisely.... s lot less handsome than Bobby axelrod
And Bill Ackman too
In the 80s and 90s, every firm trading on NASDAQ was guilty of insider trading. By brokers, just look at the wealth accumulation among senate and congressional members. How do public servants have net worth in double digit millions after being elected
30:44 This was a very enlightening interview.
He really torture that guy to admit that 1 in 10.000 calls might say something that they shouldn't have said.
Great job!
Yeah but not a very strong accusation. Yeah if there's a group of employees doing a job, at least one of those employees IS BOUND to break a rule. That applies in the video and pretty much everywhere else. Again, a weak point to tackle.
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Another amazing documentary from PBS Always so good!. Super interesting, and truly top notch journalism. Thank you!.
@49:28 “doesn’t matter who you are and who you are connected to, you have to play by the same rules as everybody else.” Proceeds to accept a bribe, I mean fine in lieu of jail time for criminal behavior.
I don’t know much if anything about facial tells but he seems to be blinking an inordinate amount of times as he says that.
Fantastic coverage. Entertaining and informative. Better than most movies I have seen.
A friend of mine recently told me: “You can make a lot more money with a briefcase, than with a gun!” I guess he needs to add “a phone, the Internet, and some well paid contacts.”
Frontline is the gold standard .....the best
Raj was also spreading "switches" by buying one index tenor and shorting another. It's a rates-trade (div-arb) but he was allocating the winning leg to F&F and the loser to public funds. He also did it with singlename spreads (stocks).
Always the best documentary and investigative report!!! Thank you Frontline!!!!
"The most valuable commodity that I know of is information." - Gordon Gecko, Wall Street
True
Fun fact: The Showtime TV series "Billions" is based on Stephen A Cohen and SAC capital. Bobby Axelrod is playing Stephen A Cohen.
Thankgod someone knows about this and I found this comment😂👍
So make 8 billion via cheating, and then pay back not even 25% of that as a punishment? Seems like cheaters still prosper in America! If you have enough money of course.
The law needs to be changed. Start with stopping the insider trading by congress. Change the law. "The corpse rots from the inside out." (old American proverb )
How does China do it
"How in the hell is that legal?" 😂 12:39 Love Martin Smith here.
AT some point, no matter how confident someone is nor how good they are with words should stop us from failing to see the facts of a case....
We need this guy in today's Market!
32:10 this guy could’ve saved a lot of face by just saying something along the lines of “it’s a big business and mistakes are bound to happen, just like any other company” or something. You can’t be responsible for every individual.
The way he answered that question made him look like a total stooge. 🤦♂️🤦♂️
yeah, and this part too... 50:19
How can he not know the basic idea of limited liability entity? ... If you have 1000 employees and some of the employees conducts illegal activities within your sub departments, why should you be responsible to face the consequences of other people's the choice of conducting the illegal activities? Would that be fair to you?
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Preet Bharara : " It's doesn't matter who you are or how much money you have, every body has to play by the same rules..."
Steve Cohen : "Nah, you just have to pay $1.8 billion to stay out of prison and keep on keeping on ; )
Pinnacle of American capitalism
Great job telling this story so eloquently
Do you investigate the members of congress? ??
We know the game is rigged. Yet were so far into the either, we act like we'll let some do dirt while we look the other way. We have no law really. in my opinion.
The title should be "To Catch and Release a Trader."
I have been following Brian for years. A true American. I love this guy and trust his motives. DOGE needs to bring him on board.
In a system as dependent on money as ours is, actions to derail that system are in a way tantamount to treason. The unfortunate flip-side of that coin is that the very same money can get you off the hook for basically any infraction. Insider trading is business as usual. The only surefire way to steer clear of being prosecuted for it is to be a politician. Steal a little from a great number of poor people, not a lot from a few rich ones. That way, it's not interpreted as theft, but rather the "will of the free market." Start stealing from rich people though, and you'll get noticed right quick.
Super interesting, and truly top notch journalism. Thank you!
I love how when these guys are talking about breaking the law, they're laughing every time...