Wall Street "Ghost Horse Game": Money supremacy Integrity is gone

In 2010, the financial world was a shocking scandal as Mr. Buffett's former right-hand man, Davesokol, was involved in insider trading, making Mr. Buffett embroiled in insider trading scandals.　　Both Mr Buffett and Mr. Sokol will be subpoenaed and investigated by the Securities and Exchange Commission. The 55-Year-old Mr. Sokol, the right-hand arm of Warren Buffett, has been seen as a prospective successor to Mr. Buffett.　　For the first time, he claimed to have bought 50,000 Lubrizol shares at $104 a share. But when I bought 2300 shares, I felt that it was not worth the time to manage only thousands of shares and decided to throw them out.　　The second time he bought his shares was because he liked Lubrizol and thought it was worth holding for a long time.　　Buffett's Berkshire firm, which bought Lubrizol at $9 billion a year on March 14, closed at $133.96 at the end of March, a rough estimate that Mr. Sokol earned $30 a share and floated nearly 3 million dollars in profits.　　Mr. Sokol had volunteered to report the deals (though he did not think his actions were illegal), and Mr Buffett, who had already known about it, seemed harmless.　　In fact, as any investment bank knows, investment bankers, and even their families, have all their securities trading accounts set up within their own company and are constantly being monitored by regulators, and less likely to trade corporate securities that have business or business dealings with their own companies. Before buying and selling, you must declare to the regulatory authorities before you can trade stocks after obtaining prior approval, otherwise it is insider trading.　　A fine is cut and prison is a felony. To avoid trouble, the author worked in investment banking these years and closed all securities trading accounts.　　Especially in the past two years, the author specializes in securities trading monitoring, more aware of Sokol's behavior is absolutely insider trading, but also belong to the "insider trading beginner" level.　　This just confirms Buffett himself said: If you see a cockroach in the kitchen, there must be more than one! Wall Street is the money world, the ugly side of human nature, often resist the temptation of money, so many years of insider trading repeatedly banned, but intensified. For example, one of the most prestigious American successful women, the fashion queen Stewart (Marthastewart), is also jailed for insider trading.　　She was a fashion model, a stockbroker, a writer, a magazine editor, two popular television presenters and a fashion queen, and in the past 20 years she was the leader in publishing, with assets as high as $1 billion.　　On the morning of December 28, 2001, the shares of one of her biotech companies tumbled, just the day before, when she threw all the shares in her hand. In fact, for her, it was only 45673 dollars, compared to 1 billion of dollars in assets, is not a fraction of the difference? As a result, she was found to have used insider information for profit, and was sentenced to five months in prison for obstruction of justice, plus a fine and a ban on her employment in public companies.Board of Directors and executive chairman for five years. And another insider trading case is full of spy war film color.　　In 2001, Gudenberg (Guttenberg), who was only 36 years old, was a member of the Swiss bank's Investment Review Board, serving in the securities Department of the Swiss Bank, as executive Director and institutional account Manager. Each weekday 11 o'clock in the morning, the review analyst of the Swiss Bank Investment Review Committee publishes to investors the recommended information on the assessment of stock promotions and downgrades so that they can make "buy", "sell" and "hold" references.