https://padlet.com/delilahpaz2/1ye5llx4jd79402z en-us 2023-04-04 13:58:00 UTC 2025-09-30 12:50:25 UTC hello@padlet.com delilahpaz2 https://padlet.com/delilahpaz2/1ye5llx4jd79402z/wish/2543739712 The columnist who worked at the Wall Street Journal going by the name of R. Foster Winans.]]> 2023-04-04 14:17:18 UTC https://padlet.com/delilahpaz2/1ye5llx4jd79402z/wish/2543739712 delilahpaz2 https://padlet.com/delilahpaz2/1ye5llx4jd79402z/wish/2545046730 In the early 1980's R. Foster Winans, a columnist, would write about his opinion profiling a particular stock. Every stock he talked about would go up or down depending on the opinion he gave. The scandalous part about this situation is that he ended up arranging a deal with a group of stockbrokers, mainly Peter Brant, that would leak his opinion to them before the column was published. The stockbrokers would then buy their positions on the stock even prior to the column being published. The guys ended up making $700,000 with him making $31,000. They also conducted over 24 trades in a course of 3-4 months.]]> 2023-04-05 14:03:56 UTC https://padlet.com/delilahpaz2/1ye5llx4jd79402z/wish/2545046730 delilahpaz2 https://padlet.com/delilahpaz2/1ye5llx4jd79402z/wish/2545070131 The stockbroker in question-Peter N. Brant. He was the brain behind the idea being the one to come up with the deal of Winans leaking his opinions to him before the column was published. ]]> 2023-04-05 14:21:23 UTC https://padlet.com/delilahpaz2/1ye5llx4jd79402z/wish/2545070131 delilahpaz2 https://padlet.com/delilahpaz2/1ye5llx4jd79402z/wish/2545083025 People grew suspicious of Winans after an interview he gave in 2003 saying that Brant was very hostile about buying those specific stocks. This drew attention to the American Stock Exchange. After the SEC got involved, Winans confessed to his actions immediately. It was hard to charge Winans because the information was based on opinion rather than actual material. The Supreme Courts' end result was that both Winans and Brant were charged with insider trading charges. Winans faced nine months in prison.]]> 2023-04-05 14:32:01 UTC https://padlet.com/delilahpaz2/1ye5llx4jd79402z/wish/2545083025