Fraudstorytelling | Weekly filmtips | 7 August 2021
Title: To Catch a Trader
Duration: 53 minutes
Tagging: #insidertrading, #financialmarkets
Correspondent Martin Smith goes inside the government’s ongoing, seven-year crackdown on insider trading, drawing on exclusively-obtained video of hedge fund titan Steven A. Cohen, incriminating FBI wiretaps of other traders, and interviews with both Wall Street and Justice Department insiders.
Acting on non-public, material and price-sensitive information about a stock is known as insider trading and illegal. It is illegal because it involves unfair manipulation of the open market. This documentary from Frontline exposes how notorious hedge fund boss Steven Cohen is no stranger to this phenomenon.
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