DISQUS

PeterD · 6 months ago

Hi, Jay.

I was reading over at the Huff. Post that this is the 2nd investigation of Samburg into alleged insider trading. The 1st one concerned receiving a "tip" of a pending merger between GE and Heller Financial. When the lead SEC investigator in the 1st allegation was fired (?), the case was subsequently dismissed.
marketfolly · 6 months ago

Hey Peter... yes they have had a lot of problems in this regard in the past and it definitely increased the overhang in regards to their image. This latest one seems to be the straw that broke the camel's back and Art simply had enough. An image problem is definitely not something you want to have when trying to attract investors hah