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Ted Kennedy Jr is absolutely above the law like his father. SEC never charged Marwood Group with insider trading.SEC charged Marwood Group with not having proper internal controls. Jr.left Marwood Group while Marwood Group was being investigated. Ted Kennedy Jr was never talked to back then. Now that the Supreme Court made a ruling on December 6, 2016 (Andrew Ceresney Director of Enforcement of SEC resigned in disgrace the day after that ruling and went back to Debevoise & Plimpton which is the firm representing former Valeant CEO J Michael Pearson). The Supreme Court reinforced what everyone already knew that the tipper does not have to make money in an insider trading case. Ceresney lied to the New York Times after he resigned in disgrace and told the Times the SEC had been acting as if that was the law all along. That was a lie by Ceresney. Marwood Group and Ted Kennedy Jr due to the Supreme Court reinforcing what was already the law are now supposedly being investigated by the SEC this time for insider trading for the 25% drop in Dendreon stock in June 2010. Marwood Group leaked the material non public information to Wall Street. The tipper at CMS did not receive money and the Supreme Court ruling reinforced what everyone already knew that the tipper did not have to make money. Those hedge funds who sold Dendreon stock saved money by selling in June 2010. Classic insider trading case. Ceresney and Mary Jo White resigned in disgrace. SEC is supposedly now doing what they were supposed to do when Ceresney and White were there. Until anything is set in stone, Ted Kennedy's son Jr remains above the law. |
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Msg # | Subject | Author | Recs | Date Posted |
484738 | Re: Ted Kennedy Jr is absolutely above the law like his father. SEC never charged Marwood Group with insider trading. | 2+2=5 | 1 | 4/28/2017 12:33:09 AM |