Thursday, January 24, 2008

The NHK insider trading problem

Chris Salzberg has posted snippets and translations from Ikeda Nobuo's take on the systemic failures that made it possible for three employees of NHK to make windfall stock profits based on inside information.

Whatever the systemic inadequacies, that NHK gets this information ahead of time at all is the real outrage...remember when the network began broadcasting the raid on LiveDoor before the raid had actually taken place? Any chance there were NHK folks doing LiveDoor trades on that day?

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