Political Insider Trading
Investigations and regulatory scrutiny of elected officials and former officials trading on non-public information or making financial bets related to their official actions and pardons.
3 events tracked
Latest in Political Insider Trading· Oct 7
A court has overturned convictions against five former Barclays traders who were imprisoned for their roles in the LIBOR rate-rigging scandal, marking a significant reversal in a landmark financial crime case from the 2000s. The decision raises fundamental questions about the legal foundations underlying rate-manipulation prosecutions and could create ripple effects across other similar cases in the financial sector. The overturned convictions may reshape how regulators and courts assign individual versus institutional responsibility in benchmark manipulation cases, potentially affecting the durability of enforcement actions and settlements from that enforcement era. This development could influence confidence in regulatory enforcement mechanisms and the stability of past financial crime resolutions related to interest rate benchmarks.
- Single source15 days ago
Five former Barclays traders win overturned convictions in rate-rigging case
UK court quashes convictions of ex-Barclays traders imprisoned for interest-rate rigging, overturning a major financial crime prosecution.
The Guardian
- Single source16 days ago
Court of Appeal overturns convictions for five ex-Barclays traders
UK court quashes rate-rigging convictions of former Barclays traders, overturning prior criminal findings.
BBC News
- Single source21 days ago
Regulators examine Kinzinger's prediction market wagers on personal pardon
Federal watchdog investigates Rep. Adam Kinzinger for placing bets on his own pardon through prediction market platform Kalshi.
The New York Times