InfoAnda - FBI uses Twitter, social media to look for securities fraud |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

China brushes aside questions over censorship of Obama speech | 23 January 2009
Farrah Fawcett dead at 62: O'Neal | 26 June 2009
New BP boss faces up to massive Gulf oil clean-up | 31 July 2010

Afghan Taliban declare start to spring offensive | | 30 April 2011

Forum Views () Forum Replies ()

Read more with google mobile : FBI uses Twitter, social media to look for securities fraud |

Edition: U.S. Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Aerospace & Defense Investing Simplified Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB Dividends World World Home U.S. Brazil China Euro Zone Japan Africa Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Nader Mousavizadeh Lucy P. Marcus Nicholas Wapshott Bethany McLean Anatole Kaletsky Zachary Karabell Edward Hadas Hugo Dixon Ian Bremmer Lawrence Summers Susan Glasser The Great Debate Steven Brill Reihan Salam Frederick Kempe Christopher Papagianis Mark Leonard Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Lipper Awards 2012 Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read Separatists winning in Catalonia, Spain: early results 25 Nov 2012 Warren Buffett calls for a minimum tax on the wealthy 9:35am EST Obama health law to face religion-based challenge 3:54pm EST Toronto's battling mayor ordered to leave office 1:56pm EST Egypt's Mursi holds crisis talks over power grab | 3:55pm EST Discussed 78 Warren Buffett calls for a minimum tax on the wealthy 73 Susan Rice battles critics as abrasive style takes toll 50 McCain says U.N.’s Rice could change his mind over Benghazi Pictures Reuters Photojournalism Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more Fire in Bangladesh A fire sweeps through a garment workshop, killing over 100. Slideshow Battle for Syria Rare scenes from the fighting inside Syria. Slideshow Sponsored Links FBI uses Twitter, social media to look for securities fraud Tweet Share this Email Print Related News Reuters Summit-Occupy Wall St leader keeps heat on politicians 7:00am EST "Macro Thinkers" no magic bullet for huge investment returns Fri, Nov 23 2012 Legal, financial fallout loom for SAC in insider trading case Wed, Nov 21 2012 U.S. charges ex-SAC manager in $276 million insider scheme Tue, Nov 20 2012 UPDATE 5-US charges ex-SAC manager in $276 mln insider scheme Tue, Nov 20 2012 Analysis & Opinion Pakistan and Egypt: between pragmatism and dogma Enforcers keep on casting for biggest SAC fish Related Topics Tech » Media » Facebook » The main headquarters of the FBI, the J. Edgar Hoover Building, is seen in Washington on March 4, 2012. Credit: Reuters/Gary Cameron By Matthew Goldstein and Jennifer Ablan Mon Nov 26, 2012 11:34am EST (Reuters) - The FBI sees social media as a potential breeding ground for securities fraud, and has agents scouring Twitter and Facebook for tips, according to two top agents overseeing a long-running investigation into insider trading in the $2 trillion hedge fund industry. April Brooks, a special agent in charge of the New York field office of the Federal Bureau of Investigation, and David Chaves, a supervisory agent, said it is hard to predict the next wave of securities fraud, but they add that it will have a lot to do with advances in technology and social media. "I will tell you technology will play a huge part, social media, Twitter. Any kind of technology that is new and doesn't exist today, if there is any way to exploit it, these individuals will exploit it," Brooks told Reuters TV in an interview for the Reuters Investment Outlook 2013 Summit. Brooks and Chaves oversee what the FBI calls "Operation Perfect Hedge," which has led to more than 60 convictions of hedge fund traders, analysts and industry consultants. Last Tuesday, a day after the Reuters TV interview, the government charged a former employee of Steven A. Cohen's SAC Capital, Mathew Martoma, with a $276 million insider trading scheme that prosecutors called "the most lucrative" ever. While Cohen, whose $14 billion hedge fund is one of the most successful and best known on Wall Street, was not charged with any wrongdoing, the complaint says he signed off on trades in Elan Corp and Wyeth in July 2008 ahead of bad news about a clinical drug trial the companies were working on. Brooks and Chaves gave no hints about the SAC case in the interview, and declined to talk about active investigations. "Some view insider trading as reaching this crescendo, and we have reached a top. I would suggest we have not," Chaves said. INVESTORS EMBRACE TWITTER Hedge funds, big institutional investors and investment research firms, such as Muddy Waters (@muddywatersre), have embraced Twitter as a platform for sharing their ideas and investment strategies. On November 20, PIMCO's Bill Gross tweeted via @PIMCO: "Bernanke confirms PIMCO's New Normal after 3 years! 2% economic potential at least for a time. Probably lower & longer Mr. Chairman." Gross was referring to Ben Bernanke, chairman of the Federal Reserve, and PIMCO's portfolio positioning for what he calls a "New Normal" developed world economy - 2.0 percent real growth and 2 percent inflation. "People have used Twitter as a powerful distribution mechanism, occasionally with meaningful market impact," said independent analyst Daniel Yu, who is an avid user of Twitter under the handle @LongShortTrader. Studies and research reports have shown that Twitter can be used as an early indicator of changing investor sentiment around particular stocks and commodities. This allows Twitter data to be used to predict price fluctuations in the market. One report, authored by academics Johan Bollen, Huina Mao and Xiao-Jun Zeng, says the degree of "calmness" of the Twitterverse can predict - with 87.6 percent accuracy - how the Dow Jones industrial average will move two to six days ahead of time. Some hedge funds and other investors have criticized U.S. authorities for cracking down on insider trading to distract attention from the fact that law enforcement has not been able to bring any prosecutions against Wall Street bankers over the financial crisis. Brooks and Chaves acknowledged the criticism. They said there is a desire to prosecute, but the laws are not there to criminalize actions that some think deserve to be punished. "I wouldn't say we have missed opportunities," Brooks said, commenting on the 2008 financial crisis. "There may be others who are responsible, but who don't necessarily violate the federal statutes." The two agents, who both work in the securities division of the New York branch of the FBI, said that when they meet with people on Wall Street, they explain there is no vendetta or campaign against the hedge fund industry. The insider trading investigation is simply part of an effort to make the markets more fair for everybody. "The message is we are out there, and we are going to continue to be out there," Brooks said. "This type of violation, this type of crime impacts everyone." To see the Reuters TV interview with FBI agents Brooks and Chaves, click here: reut.rs/Slo4up (Reporting by Matthew Goldstein and Jennifer Ablan; Editing by Tiffany Wu and Jan Paschal) Tech Media Facebook Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Edition: U.S. Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Tuesday, 27 November 2012
Thousands protest in Bangladesh, blaze draws U.S. scrutiny |
Israel, Hamas teams in Cairo for more truce talks |
Nigeria Boko Haram member sends letter offering dialogue |
Bahrain police break up march after Ashura memorial service |
Strauss-Kahn awaits word on French sex inquiry |
Two Iranian navy ships to visit Sudan again |
HP hit with civil securities lawsuit over Autonomy deal |
ICOA CEO says never had acquisition talks with Google |
FBI uses Twitter, social media to look for securities fraud |
Beyonce to direct documentary about herself for HBO |
Robbie Williams aims to seal solo legacy with tour |
Grandfather takes China by storm
Olympic opening ceremony wins UK theater award |
Egypt's Islamists seek to defuse crisis over decree |
Satellite photo shows increased activity at North Korean launch site |
Nicaraguan ships arrive in waters disputed by Colombia: Ortega |
U.N. chief says crises show need for interfaith amity |
Syrian jets bomb rebel bases near Turkey border |
Experts exhume Arafat, seek evidence of poison |
Kuwait to allow protest march on eve of election: PM |
Pro-settler Israeli hardliners sweep Netanyahu party vote |
Exclusive: Egyptian investor seeks to put stamp on Telecom Italia |
Bitter struggle over Internet regulation to dominate global summit |
Privacy groups ask Facebook to withdraw proposed policy changes |
Samsung under renewed fire over China labor breaches |
Online sales jump on Cyber Monday, eBay shines |
Two and a Half Men star finds religion, calls TV show filth |
Halle Berry's ex claims he was victim in Thanksgiving brawl |
New Zealand becomes Middle Earth as Hobbit mania takes hold |
Daughter of Anna Nicole Smith, 6, models for Guess |
Lindsay Lohan befriended by Sheen, loses out as Liz |
Greece, markets satisfied by EU-IMF Greek debt deal |
France to back Palestinian U.N. status |
British court stops extradition of Iranian to U.S. in arms case |
Congo rebels set conditions for Goma withdrawal |
Turkey moves to end immunity for Kurdish MPs |
Ukraine leader signs law to change constitution via referendum |
Apple takes smartphone top spot from Google in U.S.
Cyber Monday best ever, including for Amazon's Kindle |
Ericsson sues Samsung for patent infringement |
Fed's Lockhart warns of unusual threats to financial system |
Analysis: Europe's telcos in slow lane as cable takes the tape |
Tajikistan blocks Facebook access to silence critics |
Samsung to ship 16 million Windows 8 and 7 computers this year: executive |
Bitter struggle over Internet regulation to dominate global summit |
Card firms' block on WikiLeaks did not break rules: EU |
Second wind for Egyptian telco tycoon Sawiris |
New Zealand becomes Middle Earth as Hobbit mania takes hold |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01