How Do You Catch a Trader? Live Chat 1 pm ET Wed. 1/8


January 7, 2014

The FBI has spent the past seven years mounting the largest crackdown on insider trading in American history.

The authorities call it “Operation Perfect Hedge” — and its results have been sweeping. Officials have charged a total of 83 people and four entities, winning at least 78 of those cases.

“We likened it to the first Jaws movie,” an FBI agent involved in the probe told FRONTLINE, “that we’re going to need a bigger boat.”

In November 2013, hedge fund giant SAC Capital agreed to plead guilty to what prosecutors called “insider trading that was substantial, pervasive, and on a scale without precedent in the history of hedge funds.”

To Catch a Trader goes inside the suspenseful and compelling story of this unprecedented government investigation.

Securing insider trading convictions is notoriously difficult. How is the FBI making it work? What investigative tactics are they using? Have these cases changed the culture, or are they just the start? Just how widespread is insider trading at Wall St. hedge funds?

We’ve asked correspondent Martin Smith and producer Nick Verbitsky to join us in a live chat to answer those questions — and take yours.

They’ll be joined by law professor and New York Times DealBook blogger Peter Henning. Follow him on Twitter @peterjhenning.

You can leave a question in the chat window below, and come by at 1 p.m. ET on 1/8 to join the live discussion.

We’d like to thank Dealbook for partnering with us on today’s chat.

In order to foster a civil and literate discussion that respects all participants, FRONTLINE has the following guidelines for commentary. By submitting comments here, you are consenting to these rules:

Readers' comments that include profanity, obscenity, personal attacks, harassment, or are defamatory, sexist, racist, violate a third party's right to privacy, or are otherwise inappropriate, will be removed. Entries that are unsigned or are "signed" by someone other than the actual author will be removed. We reserve the right to not post comments that are more than 400 words. We will take steps to block users who repeatedly violate our commenting rules, terms of use, or privacy policies. You are fully responsible for your comments.

blog comments powered by Disqus

More Stories

THE PEGASUS PROJECT Live Blog: Major Stories from Partners
A curated and regularly updated list of news articles from our partners in “The Pegasus Project,” a collaborative investigation among 17 journalism outlets around the world.
January 26, 2022
Tampa Lead Factory Faces $518,000 Fine for Environmental Violations
The proposed penalty would be the largest in the history of the Hillsborough County Environmental Protection Commission.
January 22, 2022
Texas Slow to Adopt Potential Solutions to Keep Rural Hospitals Open
The hospital in Stamford, Texas, closed in 2018, making it one of 24 rural hospitals to close in the state since 2005. This closure left nearly 3,000 residents without immediate access to healthcare.
January 19, 2022
Elizabeth Williamson
January 18, 2022