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Businesses

JP Morgan's Insider Trading How-To On Wikileaks 246

Posted by kdawson
from the ten-bee-five-dash-one dept.
An anonymous reader writes "In an internal JP Morgan document published recently, Wikileaks exposes JPM's efforts to circumvent insider trading regulations, enabling their wealthy clients to profit even when others are losing. The document reads like a how-to and explains how to take advantage of SEC Rule 10b5-1, which has long been considered ripe for abuse. Now this abuse is publicly documented and will be hard to ignore."

The best laid plans of mice and men are held up in the legal department.

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