Before The Mets, Steve Cohen Was The Hedge-Fund King (full documentary) | FRONTLINE

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FRONTLINE PBS | Official

FRONTLINE PBS | Official

2 жыл бұрын

Inside the government’s crackdown on insider trading, drawing on exclusively-obtained video of hedge fund titan Steven A. Cohen, incriminating FBI wiretaps, and interviews with both Wall Street and Justice Department insiders. (Aired 2014)
This journalism is made possible by viewers like you. Support your local PBS station here: www.pbs.org/donate​.
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, as correspondent Martin Smith traces how an insatiable search for trading “edge” ultimately doomed some of the most successful names on Wall Street.
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#Documentary #ToCatchATrader
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Funding for FRONTLINE is provided through the support of PBS viewers and by the Corporation for Public Broadcasting. Major funding for FRONTLINE is provided by the Ford Foundation. Additional funding is provided by the Abrams Foundation; the John D. and Catherine T. MacArthur Foundation; Park Foundation; and the FRONTLINE Journalism Fund with major support from Jon and Jo Ann Hagler on behalf of the Jon L. Hagler Foundation, and additional support from Koo and Patricia Yuen.

Пікірлер: 3 300
@Willmakeit-
@Willmakeit- 22 күн бұрын
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
@Willmakeit-
@Willmakeit- 22 күн бұрын
@Susanne-Helle That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well
@Willmakeit-
@Willmakeit- 22 күн бұрын
@Susanne-Helle I will give this a look, thanks a bunch for sharing.
@michaelmaran4473
@michaelmaran4473 20 күн бұрын
Inflation has nothing to do with the legend. Not sure why you're making your case here
@1_shortnote
@1_shortnote 12 күн бұрын
SCAMMERS, PEOPLE DONT FALL FOR HTESE GROUP OF PEOPLE COMMENTING UNDER THEMSELVES. LIKE ITS NOT JUST ONE PERSON DOING SLL OF THAT TO LURE PEOPLE TO THIER PRIVATE PLATFOR AND SCAM THEM LYING THEY TRYING TO HELP.
@MarkLeonard-xn8zs
@MarkLeonard-xn8zs Ай бұрын
On the Dow Jones index, only seven stocks gained on Thursday. Apple (AAPL)and Microsoft(MSFT) rose, as did Visa (V)Microsoft and Visa are rebounding from their 10-week moving averages.Meanwhile, Tesla (TSLA) fell 5% on the stock market today. Shares are extending a downtrend. I have over $320k in stocks. Currently, my portfolio is down by 15%. Wondering if there are any short term opportunities I can invest in.
@SmithJones-yx1ut
@SmithJones-yx1ut Ай бұрын
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $450k.
@SmithJones-yx1ut
@SmithJones-yx1ut Ай бұрын
'Tenley Megan Amerson' is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
@Williamsmthe
@Williamsmthe Ай бұрын
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
@1_shortnote
@1_shortnote 12 күн бұрын
SCAMMERS, PEOPLE DONT FALL FOR HTESE GROUP OF PEOPLE COMMENTING UNDER THEMSELVES. LIKE ITS NOT JUST ONE PERSON DOING SLL OF THAT TO LURE PEOPLE TO THIER PRIVATE PLATFOR AND SCAM THEM LYING THEY TRYING TO HELP.
@Mckennie61751
@Mckennie61751 12 күн бұрын
What's the best approach to capitalize on the current market conditions? I'm deliberating on whether to diversify my $200k stocks portfolio.what strategies should I employ?
@WestonScally7614
@WestonScally7614 12 күн бұрын
The market is volatile at this time, hence I will advice you get yourself a financial advisor that can provide you with entry and exit points on the share/etf you focus on.
@SageMadsen
@SageMadsen 12 күн бұрын
I was recently through an investing nightmare during the crash in march 2020. I think with the assistance of my advisor I have so far grown my initial investment of $145k to $480k
@Redwood4040
@Redwood4040 12 күн бұрын
Accurate asset allocation is crucial, and some individuals use hedging strategies or allocate part of their portfOlio to defensive assets for market downturns. Expert guidance is vital for achieving this. This approach has helped me stay finan-cially secure for over five years, yielding nearly $1 million in returns on invest-ments.
@louis71350
@louis71350 12 күн бұрын
I've been looking to get one, but have been kind of relaxed about it. Could you recommend your advis0r? I'll be happy to use some help.
@Redwood4040
@Redwood4040 12 күн бұрын
*Jennifer Leigh Hickman* is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
@zenglider2145
@zenglider2145 Жыл бұрын
"A man with a briefcase can steal more money than any man with a gun" Don Henley
@692ALBANNACH
@692ALBANNACH 13 күн бұрын
But the man with a gun will spend more time behind bars.
@user-kb8rc5vq2i
@user-kb8rc5vq2i 8 күн бұрын
​@@692ALBANNACHit is as Anatole France said: "The law, in its majestic equality, forbids rich and poor alike from begging in the streets, sleeping under bridges and from stealing bread."
@tommykincaid3267
@tommykincaid3267 2 жыл бұрын
Frontline is without a doubt the best in-depth journalism in media today. It's pretty refreshing.
@pauleohl
@pauleohl 2 жыл бұрын
You must realize that this story is 7 years old.
@jonathankenjihaag926
@jonathankenjihaag926 2 жыл бұрын
About the last real journalism without a preconceived idea
@Mark-gg6iy
@Mark-gg6iy 2 жыл бұрын
"Fake news"- Donald trump
@letsgobrandon2523
@letsgobrandon2523 2 жыл бұрын
I mean, if you count not breaking any stories and telling a very watered down and biased version of events after everything has already been exposed, then sure. Where is Frontline in 2021 exposing how the same crap is still going on and nothing has changed? Oh wait that requires work.
@GordonFreemayne
@GordonFreemayne 2 жыл бұрын
Always refreshing. Although, they do interview Steve Bannon and Sebastian Gorka too much. What leftist media figures have they presented on? Slavoj Zižek? The furthest left they reach (for commentary) is Yamiche Alcindor. They've never even mentioned Jacobin magazine, but they have mentioned Breitbart.
@shortbenjamin
@shortbenjamin 2 жыл бұрын
"the criminal negligence laws that cover some industries do not apply to finance." - I literally spat out water when I heard that
@MeAndDad_1723
@MeAndDad_1723 2 жыл бұрын
Laws come from where? Exactly! They should be made to public awareness. Read between the lines. (Capital Hill)
@tonyglock6161
@tonyglock6161 2 жыл бұрын
So, this isn't directly inversely proportional, but I don't need Michelle Obama setting a cap of how much I can spend at Walmart
@annaldwhigg6870
@annaldwhigg6870 2 жыл бұрын
@@tonyglock6161 WTF
@NoToBigBro
@NoToBigBro 2 жыл бұрын
I assure you, investment professionals have to abide by significantly more strict legal and ethical rules than 99% of the industries out there. Don't watch one or two videos about one/two person/firm and assume this is everyone in the investment industry. If doctors had to live by same rules as investors, 75% would lose their jobs and 50% would be in prison. Same goes for politicians.
@texaware1019
@texaware1019 2 жыл бұрын
Usually have to sign an arbitration agreement when opening an account. The firm is basically indemnified from anything and everything except gross negligence which is tough to prove. The investor takes the risk and enters into the contract voluntarily for personal gain.
@Raymondjohn2
@Raymondjohn2 Жыл бұрын
To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough. I've been quite unsure about investing in this current market and at the same time I feel it's the best time to get started on the market, what are your thoughts?
@angelicaaquino4109
@angelicaaquino4109 Жыл бұрын
Since the crash, I've been in the red. I’m playing the long term game, so I'm not too worried but Jim Cramer mentioned there are still a lot of great opportunities, though stocks has been down a lot. I also heard news of a guy that made $250k from about $110k since the crash and I would really look to know how to go about this.
@lipglosskitten2610
@lipglosskitten2610 Жыл бұрын
There are actually a lot of ways to make high yields in a crisis, but such trades are best done under the supervision of Financial advisor.
@lipglosskitten2610
@lipglosskitten2610 Жыл бұрын
@Dan Brooks Impressive can you share more info?
@lipglosskitten2610
@lipglosskitten2610 Жыл бұрын
@Dan Brooks She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
@MercuryDreadheart
@MercuryDreadheart Жыл бұрын
Just start buying then hedging with short options that’s what I do and I’ve been slowly getting my portfolio up
@SophiaChristian-so2of
@SophiaChristian-so2of 8 ай бұрын
Don't get me wrong, I know the economy is in shambles and in order to break even and make profit, we have to ride it out until stock recovery, but how are some folks in the same stock market as me still able to pull off substantial profits of as much as 650K within months, what am I doing wrong?
@WilliamsDouglas-qd3mb
@WilliamsDouglas-qd3mb 8 ай бұрын
You're not doing anything wrong, you just don't have the required skillset to profit off a down market, folks that are making profit in this market are pros and experts with in-depth knowledge and skillset.
@MarkFreeman-xi3rk
@MarkFreeman-xi3rk 8 ай бұрын
Exactly why i enjoy my day to day market decisions being guided by a portfolio-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not outperform, been using a portfolio-coach for over 2years+ and I've netted over $800k
@cythiahan8455
@cythiahan8455 8 ай бұрын
I need guidance so i can salvage my portfolio due to the massive dips and come up with better strategies. How can I reach this advisor?
@MarkFreeman-xi3rk
@MarkFreeman-xi3rk 8 ай бұрын
I am being guided by “Margaret Johnson Arndt” who I found on a CNBC interview where she was featured and reached out to her. She has since provided entry and exit points on the securities I focus on. You can look her up online if you care supervision.
@JenniferDrawbridge
@JenniferDrawbridge 8 ай бұрын
Thanks for sharing, needed this myself. I just looked her page up online and I would say she really does have an impressive background on investing
@alexandrearquembourg7203
@alexandrearquembourg7203 2 жыл бұрын
That was great journalism. The fact that that Winnie woman got 4 years, but the trader asking her information is not in prison yet is beyond disgusting.
@skribe
@skribe 2 жыл бұрын
forreal, mindy got lobsters, the trader made millions and shes in jail smh
@newyorkcity76
@newyorkcity76 2 жыл бұрын
Yea powerful people nothing happen to them
@adonis8289
@adonis8289 2 жыл бұрын
She was dumb and lazy and deserved it. She knew what she was doing was wrong but she still did it. If she was a smart criminal she would have set up her own under the table trading company and fed them info in a stealthy fashion. Even small time Crack dealers know to never use phones. She got more time because she was a distributor of info.
@somnuswaltz5586
@somnuswaltz5586 2 жыл бұрын
Lol sticking up for that criminal woman.... go look up pictures of her, look at her mugshot, and then come back here and tell me you still think she was wronged for getting 4 years 🤣🤣🤣 she's not that pretty you noob mong
@bernardjacobs518
@bernardjacobs518 2 жыл бұрын
@@newyorkcity76oo
@kaylawood9053
@kaylawood9053 Жыл бұрын
The fin-Markets have underperformed the U.S. economy as fear of inflation hammers the prices of stocks and bonds. My $400,000 portfolio is down by approximately 25%, any recommendations to scale up my returns before will be highly appreciated.
@legacymedia8468
@legacymedia8468 Жыл бұрын
You have to get a financial-advisor/broker to aid you diversify your portfolios to include commodities, inflation-indexed bonds and stocks of companies with solid cash flows, as opposed to growth stocks where valuations were based on future potential earnings.
@AddilynTuffin
@AddilynTuffin Жыл бұрын
@Zahair O'Brian This recommendation literally came at the right time, I dipped by $11k in stocks last week alone. Its crazy! I just looked her up online and researched her accreditation. She seem very proficient & I wrote her detailing my Fin-market goals . Information they say, is power. Thanks for this.
@cruciferousvegetable
@cruciferousvegetable 2 ай бұрын
My recommendation is to avoid disclosing net worth and avoid seeking financial advice in KZfaq comments.
@4U2C2DAY2
@4U2C2DAY2 Ай бұрын
Sell gold, Buy pork belly's
@Prespanda
@Prespanda Ай бұрын
​@@cruciferousvegetableThis comment is likely from a bot. There are a bunch of comments on videos like this that all try to scam you with fake "advisers".
@oneiljerry9460
@oneiljerry9460 Жыл бұрын
Market declines, soaring inflation, a significant increase in interest rates by the Fed, and rising Treasury yields all point to additional losses for portfolios this quarter. How can I profit from the present market turbulence? I'm still debating whether to sell my $125,000 ETF/Growth Stock portfolio.
@alexyoung3126
@alexyoung3126 Жыл бұрын
Concentrate on two main objectives. First, keep yourself safe by knowing when to sell stocks in order to limit losses and maximize gains. Second, get ready to benefit from market changes. I advise consulting a CFP or other professional for advice.
@joesphcu8975
@joesphcu8975 Жыл бұрын
Yes, I have been in touch with a CFP ever since the outbreak. Today, investing in hot stocks is quite easy; the difficult part is deciding when to buy and sell. With an initial starting reserve of $80k, my adviser chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
@lawerencemiller9720
@lawerencemiller9720 Жыл бұрын
@@joesphcu8975 my 401k growth has been stagnant since the 2019. I wouldn't mind consulting the advisor who guides you, I really want to grow my retirement fund since I could retire in 3 years.
@joesphcu8975
@joesphcu8975 Жыл бұрын
The stock market is without a doubt the awkward teenager with the most extreme mood swings! I started out with a commentator named “Eileen Ruth Sparks.” Her honest approach gives me complete ownership and control over my position, and her rates are incredibly affordable given my ROI.
@lawerencemiller9720
@lawerencemiller9720 Жыл бұрын
Thanks, I just googled her and I'm really impressed with her credentials. I reached out to her since I need all the assistance I can get.
@mcginnnavraj4201
@mcginnnavraj4201 Жыл бұрын
Our epoch has come to an end after reaching its pinnacle. The recession and stock market crashes are affecting everything, not just FTX and 401Ks. My stock equities portfolio, at $750K, is in the red. I'm constantly losing due to inflation. This world will crumble under its dictatorial rulers, just as Rome did. If you are thinking about retiring but are worried that your pension won't cover the rising cost of living, I apologize. Around the world, there are poor regulatory, economic, and energy policies as well as terrible foreign policies.
@champhallier8468
@champhallier8468 Жыл бұрын
There are actually a lot of ways to make high yields in a crisis, but such trades are best done under the supervision of a financial advsor. When the stock market rebounds, many investors may come to regret not investing in the red today. It's possible that this pricing will never be seen again. If you have a fantastic vision for it, there is always opportunity in the midst of chaos. My 2 cents
@zoeytank2921
@zoeytank2921 Жыл бұрын
The 2008-2009 financial crisis saw markets crash, wiping out trillions of dollars globally, yet astute investors realized they had a once-in-a-lifetime opportunity to buy company stocks at substantial discounts. These investors reaped enormous profits from their forceful actions as markets recovered from the Great Recession. I'm not a shrewd investor, but the one strategy I've used to make money quickly in situations like this is having an asset coach direct me.
@trazzpalmer3199
@trazzpalmer3199 Жыл бұрын
Very true! I've been able to scale from $350K to $650K this red season because my Investment Advisor figured out Defensive strategies to protect my portfolio and profit from this roller coaster market.
@hannahdonald9071
@hannahdonald9071 Жыл бұрын
@@trazzpalmer3199 The administration is hesitant to accept the real scope of the issue, despite the fact that inflation is more than 10% here. Can your financial advisor assist me in achieving my objective of boosting my passive income and surviving this storm?
@trazzpalmer3199
@trazzpalmer3199 Жыл бұрын
I've saved myself the bother that comes with a chaotic market. I can't handle my account because of my line of work, so I just copy Johanna Mussche's transactions, an investment advisor I observed on Bloomberg Business News. The best way to enter the market today is to do your homework, read up on it, take your time, and, if necessary, seek counsel. Everything then went without a hitch.
@MatCendana
@MatCendana 2 жыл бұрын
Most people now take videos like this for granted. But a few decades ago, we who live outside the US don't have access to something like this. Definitely not on free TV. Thankful for these PBS channels, with old school journalism where a lot of hard work went into the production of episodes. --Petaling Jaya, Malaysia.
@skuttle7107
@skuttle7107 Жыл бұрын
Agreed. Currently in university for Business Law, and there were a lot of little things I was surprised about how in depth the documentary went into. PBS is a godsend
@jazreacts587
@jazreacts587 Жыл бұрын
Speak for yourself. As for access, that's definitely not my problem.. maybe you need to know someone much closer to the action aye. Just saying 🤣
@anonymousdonor8084
@anonymousdonor8084 Жыл бұрын
Better off without it. PBS is a leftist organization. Blue journalists.
@dianaboyer683
@dianaboyer683 Жыл бұрын
True True and so True. Thank you!!!!!!
@Isawwhatyoudid
@Isawwhatyoudid Жыл бұрын
The bad guys (The GOP) want to defund PBS.
@Erinmills98
@Erinmills98 Жыл бұрын
I'm holding my stock and no "breaking news" FUD will get me to sell. We are an army and all have diamond hands. I'm sick of the market manipulation by the hedge funds and whales. It's past due time to teach those greedy b's a lesson.
@simonbad
@simonbad Жыл бұрын
Most people seek instant gratification, which usually doesn't go well. so set goals 1-2 years out instead months out, and you are likely to be much more satisfied with the results.
@AstaKristjan
@AstaKristjan Жыл бұрын
@@simonbad I always FUD at every little dip until a friend at fidelity investments recommended coach KATHLEEN YANELLI CAROLE who managed my bag very well to over 15%.
@user-sb6po3yj7d
@user-sb6po3yj7d Жыл бұрын
@@AstaKristjan This is really impressive, who is this person and how can they be reached?
@AstaKristjan
@AstaKristjan Жыл бұрын
@@user-sb6po3yj7d Everything you need is right there on her page.
@lightofmylife1616
@lightofmylife1616 Жыл бұрын
You're gonna lose a lot of money with that type of thinking
@douglynch7285
@douglynch7285 Жыл бұрын
A real life episode of Billions … they turned him into a family fund.
@amazingabby25
@amazingabby25 Жыл бұрын
It was based on him, esp the DA vs Steve stuff
@doraeppes1751
@doraeppes1751 7 ай бұрын
Having Cryptocurrency as an Asset and not been able to profit from them can be very frustrating. Is this the right time to invest? Before I jump to the conclusion, I think you should take a look at things first
@helenbake4141
@helenbake4141 7 ай бұрын
As an independent woman, I started my first investment plan with just $1000 and am now earning a weekly income of $4220 trading cryptocurrency with my personal broker
@sammiller01
@sammiller01 7 ай бұрын
Bitcoin has been going down for a while, and currently it could keep going down or decide to go up. The truth is that no one knows, I think it's a good time to make a purchase and also seek professional help,,
@austinying6649
@austinying6649 7 ай бұрын
Inspiring! do you think you can give me advice on how to invest in a healthy way like you do?
@helenbake4141
@helenbake4141 7 ай бұрын
She's on Instagram
@helenbake4141
@helenbake4141 7 ай бұрын
©Shanatrades_
@Kryptonite88
@Kryptonite88 2 жыл бұрын
The title should be "To Catch and Release a Trader."
@xmen9916
@xmen9916 2 жыл бұрын
Steve Cohen made billions on inside trading and he’s considered a great investor. I’ll be a great investor too having all the info ahead of time.
@theDARKSTEP
@theDARKSTEP 2 жыл бұрын
If you are good at anything and are a leader people will be there to work with you. Markets aren't manipulated. They are exploiters of legal weakness in a market. These things are big deep icebergs of understanding. I suggest if you don't know how it works to remove bias. He has donated Millions to people. He has made people careers and created lots of jobs. People paid taxes He paid fines. He paid his fee and is not considered a criminal.. dont hate the player just like a lot of people don't hate "popular" people and just send them info hoping to be a part of something. What is legal or not is extremely deep. If your friend said buy bitcoin and you trusted him, would you? is that illegal? look up and show me the laws and I will say, yes or no. Cohen "escaped criminal indictment himself despite being the living, breathing heart of S.A.C. Capital," but Dr. Sidney Gilman, the star prosecution witness against Martoma, testified that FBI agents told him that Cohen was the investigation's ultimate target.
@maanavchellani7115
@maanavchellani7115 2 жыл бұрын
Nancy Pelosi is also a phenomenal investor!
@davidwilson1692
@davidwilson1692 2 жыл бұрын
@@maanavchellani7115 lmfao
@theDARKSTEP
@theDARKSTEP 2 жыл бұрын
@Sheerluck Holmes That is true, I am not saying he is a hero, I am saying he is a sort of anti hero. But if you see the tests, like the 65, 7 or any. the regulations get more and more complicated. I.E what is a conflict of interest that would be described as (insert specifics). with series of answers, a b c d or all of the above you may select any amount of correct answers. when those answers are more specific I think you'll understand my point. ,
@jimmythompson9677
@jimmythompson9677 2 жыл бұрын
Exactly well said lol. We'd all be great investors too.
@billymark7125
@billymark7125 Жыл бұрын
Every family has that one person who will break the family financial struggles, I hope you become the one. Amen
@annebella8851
@annebella8851 Жыл бұрын
You're right, Fear is one of the factors that hinder most persons to invest into crypto, most persons say ignorance..
@stevewilliams760
@stevewilliams760 Жыл бұрын
imagine investing in Btcoin earlier.... You could have been a multi millionaire presently
@lincolnjack3198
@lincolnjack3198 Жыл бұрын
@@victoriabrady1791 If you are using really a good broker or account manager is easier to earn from the market
@leonnoble8164
@leonnoble8164 Жыл бұрын
Crypt currency will outsmart the banking system in the nearest future serving as a global fiat. Already making over 85% profit from my investment
@andreajueal8243
@andreajueal8243 Жыл бұрын
I'm new to bitcoin trading, how can I go about it or is there anyone you can refer?? 🙏🙏
@joshhushed5890
@joshhushed5890 8 ай бұрын
Most people simply enter the foreign exchange market without comprehending matters like this. The first stage in building money is determining your goals and risk tolerance, which you may do on your own or with the assistance of a financial counselor who works with a verified Finance agency. And also you can learn the facts about saving and investing and create a clear plan, you should be able to acquire financial security over time and enjoy the benefits of income management.
@Hermanjackson89
@Hermanjackson89 8 ай бұрын
Thank you so much for the advice. Your coach was simple to discover online. I did my research on him before I scheduled our phone call. He appears knowledgeable based on his online resume.
@wilmabrock6401
@wilmabrock6401 8 ай бұрын
I curiously made a research of his full names after reading what you shared, I came across his webpage on-line. My portfolio suffered a big hit, holding it further won't be any good. I've heard of people netting hundreds of thousands this red season I'm really glad to see this...
@SofiaAnsari-wb7gn
@SofiaAnsari-wb7gn 8 ай бұрын
I've been making more than six figures passively investing with John Desmond Heppolette, who showed me the right community to join and grow mv finances and I don't have to do much work. It doesn't matter if the market is crashing, I will always make returns.
@phpn99
@phpn99 2 жыл бұрын
Whether you vote Dems or GOP, none of this will change. There is no difference between insider trading and embezzlement ; yet these guys usually escape scot free. Wall Street owns US policy. And who owns Wall Street ?
@robcormier210
@robcormier210 2 жыл бұрын
I would venture to say that these guys definitely prefer a GOP govt, but are able to manipulate either political party for sure.
@Nottotv
@Nottotv 2 жыл бұрын
Instead of being brainwash to fight democrats these trump people should be looking at hedgfunds who are destroying society. Wouldn't surprise me if they were behind releasing covid-19 into society.
@Nottotv
@Nottotv 2 жыл бұрын
We all know who owns wall street and sakler pharmaceutical but they also control the law and judges so we'll even get prosecuted for even making this obvious comment.
@moonsaves
@moonsaves 2 жыл бұрын
@@robcormier210 For real. As much as the whole "both sides are as bad as each other" narrative gets pushed, they 100% would prefer a GOP government, because time after time it means they don't have to pay as much in taxes and get better subsidisation.
@Markdfadf
@Markdfadf 2 жыл бұрын
Except there is a huge difference. Embezzlement is fraud and has victims. Insider trading literally has no victim and society benefits from more accurate prices.
@letsrelaxwithtexts2114
@letsrelaxwithtexts2114 2 жыл бұрын
Pbs deep voice narrator is the best of all time... brings so much great memories
@robertneighbors3520
@robertneighbors3520 6 ай бұрын
When the Gov't indicted Steve Cohen, he contacted several law firms and had no less than 10 of the top lawyers show up in court. He was determined to show the US Govt that if they wanted to try to bring him down - - it was going to be the most expensive legal case they ever encountered. Instead, the Gov't choked out, they cowarded out, they settled for a huge chunk of his fortune instead of prison time. So, Steve Cohen walked. At least 2 of his underlings did prison time.
@thievingpanda
@thievingpanda 3 ай бұрын
Supposedly Matthew Martoma was set up with a nice little offshore trust as a thank you for not flipping on Cohen.
@jswats92
@jswats92 2 ай бұрын
Smart move overall for both
@FrankLukasJr-gk5vw
@FrankLukasJr-gk5vw 21 күн бұрын
Thats the way it has always worked and still works....
@wiebeplatt4749
@wiebeplatt4749 Жыл бұрын
I lost a huge sum to META, i watch your videos but there is a lot I am yet to understand. How can one enlist services of an experienced trader/licensed advisor? I’m retiring in 6 months. I am stuck on deciding how to reinvest so I can prepare for retirement without losing due to inflation with a huge cash position.
@Alejandracamacho357
@Alejandracamacho357 Жыл бұрын
I don't know your full situation so my suggestion, google for a local financial advisor with reviews/testimonials they will love to talk to you. This is FREE. Do your research before you partner with any advisr’. That’s how we found ours. She specializes in bear markets and has predicted almost every event in this territory correctly including the recent rally.
@wiebeplatt4749
@wiebeplatt4749 Жыл бұрын
@@Alejandracamacho357 How does it work? I have seen other comments on referrals that don’t seem legit, how is yours any different? Do you entrust your funds to your advisor? Are there any charges upfront? and are the fees on an hourly basis or for assets under management?
@Alejandracamacho357
@Alejandracamacho357 Жыл бұрын
@@wiebeplatt4749 You don’t have to take my word for it, do your own dd, but make sure to hire a 'fee only' advisr. Handing over your life savings to someone and then also hiring them as your advsr is HUGE MISTAKE, as that's an inherent conflict of interest. I have been better than 95% of the other analysts/experts I watch on KZfaq, and frankly I have profited considerably as a result.
@marianparker7502
@marianparker7502 Жыл бұрын
Being an investor is a lot of hard work you have to constantly be updated in the market and you sound like you probably don’t wanna do a lot of work because you’re close retirement so I would recommend investing in something like the Dow or the S&P they often outperform a lot of the big hedge funds and their managers. If you are really serious about investing you should read the intelligent investor by Benjamin Graham and then you should look at warren buffets annual meetings and get familiar with finance.
@wiebeplatt4749
@wiebeplatt4749 Жыл бұрын
@@Alejandracamacho357 Close retirement, exactly. I don't have a lot of time on my hands but I know a few about working with professionals like my family lawyer and an accountant. I didn't begin on time so I am happy to hire services of an advisr with requisite skills and be sure I can conduct my due diligence properly.
@harryb7661
@harryb7661 2 жыл бұрын
SAC are still trading under point72, they're also still one of the biggest users of expert networks in the industry, and Cohen is still the founder. Nothing has changed they just put on a different suit.
@phelan771
@phelan771 2 жыл бұрын
Yeah and Cohen Aka scumbag face is currently using Point 72 to short company stocks and screw retail investors...
@LJ-ht4zs
@LJ-ht4zs Жыл бұрын
Cohen still is wearing his same ole suit.
@jyeasyfun
@jyeasyfun Жыл бұрын
He beats the system and the market by his magic weapon and money
@Matt-cr4vv
@Matt-cr4vv 10 ай бұрын
And the fund manages around $12B more than SAC did.
@traviscoates6878
@traviscoates6878 Жыл бұрын
I have zero confidence in the SEC to ever come close to stopping insider trading
@LJ-ht4zs
@LJ-ht4zs Жыл бұрын
We need to change the law that allows for willful negligence that Cohen claimed - after 30 + years in the business does not know the law re. insider trading. An act of Congress has to change the law. But since Congress is paid off by these people guess what... we need to stop letting lobbyists pay off our politicians. We have a totally corrupt system no matter who is in, Dems or Repubs. Some might be ok, but they are in the minority.
@Matt-cr4vv
@Matt-cr4vv 10 ай бұрын
The SEC as a civil agency will never stop it. Even with Cohen where they shut him down and he paid a gigantic fine he still made more than what he paid. He reopened and the fund manages way more than it did before being shut down. When your punishment is fines it’s simply a cost of doing business.
@markspencer171
@markspencer171 8 ай бұрын
HAHAHAHAAH. As if the entire of Wall Street and the Biden Government is not corrupt. But they need to pin it on one guy to make them feel good about themselves and trick you into thinking "we got the bad guy". You took the bait.
@davidcooper177
@davidcooper177 7 ай бұрын
Incompetent
@zoeytank2921
@zoeytank2921 Жыл бұрын
I wonder if people that experienced the 2008 crash had it easier because this market conditions are driving me to insanity, my portfolio has lost over $18500 this Sept. alone my profits are tanking and I'm don't see my retirement turning out well when I can't even grow my stagnant reserv
@hannahdonald9071
@hannahdonald9071 Жыл бұрын
When the stock market rebounds, many investors may come to regret not investing in the red today. It's possible that this pricing will never be seen again. If you have a fantastic vision for it, there is always opportunity in the midst of chaos.
@champhallier8468
@champhallier8468 Жыл бұрын
The 2008-09 crash saw markets fall, wiping out trillions of dollars around the world, but savvy investors recognized a once-in-a-lifetime buying power, with companies' stocks on the market at deep discounts. With markets recovering from the Great Recession, these investors realized tremendous gains from their assertive maneuvers. I'm no savvy-investor, but the one method I've relied on to gain rapidly during times like this is having an asset-coach guide me. It may sound cliche, but I've been able to pull off over $750k this year alone using just this single method.
@trazzpalmer3199
@trazzpalmer3199 Жыл бұрын
@@champhallier8468 How can I contact your Asset-coach as my portfolio is dwindling? That's fascinating.
@champhallier8468
@champhallier8468 Жыл бұрын
@@trazzpalmer3199 My Financial Advisor is "Johanna Mussche" An Investment Advisor I found on a CNBC interview she was featured and reached out to her afterwards. She has since provided entry and exit points on the securities I focus on. You can look her up online if you care supervision. I basically follow her market moves and haven’t
@LS-qw3ez
@LS-qw3ez Жыл бұрын
These bot comment threads are something else
@ThomasJeff066
@ThomasJeff066 Ай бұрын
I began my investment journey at the age of 27, primarily through hard work and dedication. I'm to share that my passive income exceeded $100k in a single month for the first time. This success reinforces the importance of the advice mentioned earlier it is not about achieving quick wealth, but rather ensuring long-term financial prosperity
@MargaretGeoffrey
@MargaretGeoffrey Ай бұрын
Investors should exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields
@Queenbrenda989
@Queenbrenda989 Ай бұрын
This is superb information,as a noob it gets quite to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor?
@stephenbates6
@stephenbates6 Ай бұрын
Wow that's stirring! Do you mind connecting me to your advisor please. I desperately need one to diversify my portfolio
@DavePatrick901
@DavePatrick901 Ай бұрын
What differentiates the poor from the rich is what both do with the information they get. While the poor doubt almost all the information they find, the rich gets richer by doing things that the poor did not do when they get information. For financial success and investing, always work with a financial advisor who is ready to help you succeed
@MargaretGeoffrey
@MargaretGeoffrey Ай бұрын
​​@@stephenbates6Timothy Eric Meek
@rabidbigdog
@rabidbigdog 2 жыл бұрын
First Law of Wall Street: everyone gets away with it.
@NordicUrs
@NordicUrs 2 жыл бұрын
Additionally, they get golden parachutes.
@glennycoleman3799
@glennycoleman3799 2 жыл бұрын
BEST GAME IN THE WORLD! I LOVE IT!!!
@kirilmihaylov1934
@kirilmihaylov1934 2 жыл бұрын
@@glennycoleman3799 true
@Moodboard39
@Moodboard39 Жыл бұрын
Hmm interesting
@kelvinketer789
@kelvinketer789 2 жыл бұрын
How about politicians who do the same thing? Do a documentary about them too
@FletcherFinance
@FletcherFinance 2 жыл бұрын
Congress is exempt from insider trading regulations by law. They are a legally protected class of investor.
@standalby6949
@standalby6949 Жыл бұрын
Start with Pelosi & her old man
@TheInterestedObserver
@TheInterestedObserver Жыл бұрын
no, only brown or asian people
@EuroG100
@EuroG100 16 күн бұрын
Aka Pelosi
@scrubbwhite291
@scrubbwhite291 Жыл бұрын
Steinberg, Cohen, Madoff, Bankman-Fried... do I detect a common denominator here?
@Mark-tb1zq
@Mark-tb1zq Жыл бұрын
I can't figure out what they have in common 😃
@rambleon2011
@rambleon2011 28 күн бұрын
They’re all Muslims.
@lilkingsamuel
@lilkingsamuel Жыл бұрын
Fantastic coverage. Entertaining and informative. Better than most movies I have seen.
@TheMeatPeople
@TheMeatPeople 2 жыл бұрын
how does Cohen get away with claiming he wasn't aware of what was going on at the company he built and watched like a hawk every day?
@blaquentgruppe6547
@blaquentgruppe6547 2 жыл бұрын
all by last name..88% are?they RUN the show
@gaborkovacs2702
@gaborkovacs2702 2 жыл бұрын
Money🤫
@Arturo-sm1tb
@Arturo-sm1tb 2 жыл бұрын
Because he is a lying greedy weasel.
@petershanks3049
@petershanks3049 2 жыл бұрын
Just 9 billion dollars
@ShmuelWeintraub
@ShmuelWeintraub 2 жыл бұрын
It's a great question Mike. This would be like a small time criminal claiming that he could not possibly have known that by pulling the trigger on a loaded gun he would set in motion a chain of events (ok, event) that killed his victim. And that is exactly what Dimon, Blankfein, Pandit, Weil, Thane, Fuld and co claimed regarding the 2008 meltdown. "They didn't know". Bullshit. Not only did they know, they set out to build, ultimately built and deployed the very machinery that caused it. And they (nearly) all got off scot free. A couple ended up unemployed and disgraced. None went to jail. Most got taxpayer funded bonuses for their 'service' in wrecking the US and world economies.
@XTen1000DaysX
@XTen1000DaysX 2 жыл бұрын
This is gonna be a banger! More finance ones frontline! 🍿
@somnuswaltz5586
@somnuswaltz5586 2 жыл бұрын
This episode has been out for many years........
@XTen1000DaysX
@XTen1000DaysX 2 жыл бұрын
@@somnuswaltz5586 well to some of us it's new
@ocimak
@ocimak 2 жыл бұрын
@@XTen1000DaysX check out the book black edge. It goes into this story in further detail. It’s great. Matthew martoma gets sentenced. Whether he flips on cohen. His real name isn’t even Matthew. It’s good!
@XTen1000DaysX
@XTen1000DaysX 2 жыл бұрын
@@ocimak i have read that book. I finished half of it atleast, good book
@Itaivarochik
@Itaivarochik Жыл бұрын
Great job telling this story so eloquently
@katinkafrauke2148
@katinkafrauke2148 3 ай бұрын
It's really wonderful to come across people who freely share valuable information online. You never know what kind of knowledge you might stumble upon that could have a lasting impact on your life.
@vandejong9343
@vandejong9343 3 ай бұрын
Don't procrastinate when it comes to saving and investing. Don't wait for the perfect timing; start now because the current moment is the best time to invest.
@Patrick-xt7bm
@Patrick-xt7bm 3 ай бұрын
What specific type of investment are you referring to? I'm aware that making money through investing is not as straightforward as it may appear.
@vandejong9343
@vandejong9343 3 ай бұрын
Cryptocurrency trading appears to be quite lucrative. Despite the constantly changing nature of Bitcoin, it's evident that the cryptocurrency community is here to stay. John Joseph, you're doing an excellent job.
@gyorgyikestefania5801
@gyorgyikestefania5801 3 ай бұрын
I apologize for interrupting, but I have been searching for assistance with this type of trading as my work consumes most of my time, leaving me with limited opportunities to focus on trading. How can I get to know him?
@vandejong9343
@vandejong9343 3 ай бұрын
INSTAGRAM
@deweyhamilton7774
@deweyhamilton7774 2 жыл бұрын
If someone on foodstamp cross the road before it turns green they will get 5 years but if hedge guy destory economic of superpower he get a bailout and superbonus. That America for you.
@EliteCannagivers
@EliteCannagivers 2 жыл бұрын
Don’t jaywalk fam
@deweyhamilton7774
@deweyhamilton7774 2 жыл бұрын
Nooooooo
@deweyhamilton7774
@deweyhamilton7774 2 жыл бұрын
Lol, I am speaking Spanish? Losser!
@deweyhamilton7774
@deweyhamilton7774 2 жыл бұрын
Lol, I am speaking Spanish? Losser!
@JohnMiller-oz7gv
@JohnMiller-oz7gv 2 жыл бұрын
Where did you go to school?
@samanthab1923
@samanthab1923 2 жыл бұрын
Here's the thing. They amass so much money it's easier to just pay the fine if caught. Never or rarely do jail time. Not nearly enough SEC agents to work cases & the traders know it.
@jimdaniel5566
@jimdaniel5566 2 жыл бұрын
Fines should be based on profits made and annual income. Strip these clowns of their years worth of profits and beat them in public
@otherworld11
@otherworld11 2 жыл бұрын
but God sees all.
@Markdfadf
@Markdfadf 2 жыл бұрын
@@jimdaniel5566 "Beat them in public." For what? What exactly is the crime? Real crimes have victims. The "victims" of insider trading are people who get better fills than they otherwise would have on trades and a public that gets a more efficient market that accurately reflects all information. I have a better idea. Beat politicians who support insider trading laws and jackbooted thugs who enforce them.
@SHOTTuINdFACE
@SHOTTuINdFACE 2 жыл бұрын
Shelia, have you ever seen the movie The Big Short? The SEC is complicit in these crimes. A Self Regulatory Organization that never hands out harsh punishments / closes loopholes is just as guilty. It is just a "cost of doing business" to them. If there is a severe punishment, it is never for the worst actors: JP Morgan, Goldman Sachs, Citadel, Virtu, Bank of America, Citi Group, Etc. It is always some small fish so the cycle can continue. Harsh reality is most of the US Stock Market is completely fraudulent or participating in illegal activities.
@samanthab1923
@samanthab1923 2 жыл бұрын
@@SHOTTuINdFACE Yes, The Big Short was good. Look at the Maddoff case too.
@vincentstewart1843
@vincentstewart1843 2 ай бұрын
Should I give up on Trade? What should I do? How may I do better? What I'm I doing incorrectly?
@wendyrosee
@wendyrosee 2 ай бұрын
here is my problem I have been making losses trying to make trade. I thought to trade demo is just like the real..can anyone help me out or at least tell me on what to do.
@maureen...
@maureen... 2 ай бұрын
I always advice new members to have an orientation on how it works before getting involved. Trade offers more benefits than just holding.
@maureen...
@maureen... 2 ай бұрын
Kate Floretta Face book
@maureen...
@maureen... 2 ай бұрын
Google " katefxfloretta " anywhere take classes to learn to trade.
@Mayor1248
@Mayor1248 2 ай бұрын
The wisest thought that is in everyone's minds today is to invest in different income flows that do not depend on the government, especially with the current economic crisis around the world. This is still a good time to invest in gold, silver and digital currencies (BTC, ETH. stock,silver and gold)
@chrispaul3778
@chrispaul3778 Жыл бұрын
The fact is that BTC symbolises the future of cryptocurrency, and traders are wondering if now is the best moment to trade, I feel you should examine the situation more closely before jumping to any conclusion. BTC's price has been fluctuating over the previous days, signaling that the market has become unstable and that is it impossible to anticipate whether it will go bearish or bullish. Others are patient, while others continue to trade with no risk. It all depends on the pattern you're trading and the source of your signal;
@donaldjack5487
@donaldjack5487 Жыл бұрын
That’s true , I’ve been getting assisted by a FA for almost a year now , I started out less than $200k and I’m just $19,000 short of half a million in profits.
@donaldjack5487
@donaldjack5487 Жыл бұрын
*Jessica* *Chiara* *Russell* is actually the one that guides me ,she's a highly-sought out advisor who I found on a CNBC interview where she was featured,you can look up her name on Google and reach out through her page.she understands the job perfectly.
@JohnAranita
@JohnAranita 2 жыл бұрын
This is one of my very favorite PBS DVD documentaries.
@michaelschneider-
@michaelschneider- 2 жыл бұрын
@John Aranita .. +1 . Agreed.
@lizannewhitlow1085
@lizannewhitlow1085 2 жыл бұрын
Best show ever: Frontline.
@williamyoung9401
@williamyoung9401 Жыл бұрын
Depressing as all hell, but yeah, one of my favorite too.
@kenaidog6974
@kenaidog6974 2 жыл бұрын
Criminalize negligence so our politicians can be held accountable.
@williamyoung9401
@williamyoung9401 Жыл бұрын
Aliens will be watching PBS Frontline documentaries to wonder how we destroyed ourselves...
@user-yi5hu8qw4s
@user-yi5hu8qw4s 9 ай бұрын
Another amazing documentary from PBS Always so good!. Super interesting, and truly top notch journalism. Thank you!.
@ambitiousceo
@ambitiousceo Жыл бұрын
Fun fact: The Showtime TV series "Billions" is based on Stephen A Cohen and SAC capital. Bobby Axelrod is playing Stephen A Cohen.
@543sunith
@543sunith 6 ай бұрын
Thankgod someone knows about this and I found this comment😂👍
@MADKingR
@MADKingR 2 жыл бұрын
This report proves that rich people always get away with crimes like that. Cohen is worth today even more, $11 billion. This can men only one thing: Crime pays off.
@Philosific
@Philosific 2 жыл бұрын
Lol he made $1.2 billion for 2020
@Stoneface_
@Stoneface_ 2 жыл бұрын
His net worth is 16B now
@Stoneface_
@Stoneface_ 2 жыл бұрын
@Lordeverfall100 Maybe he's already at $20B and is lying about his net worth🤔
@unknown6715
@unknown6715 2 жыл бұрын
No, this is only possible because he belongs to a certain group ✡️, otherwise he would have been arrested a long time ago.
@sakenu16
@sakenu16 2 жыл бұрын
Terrible, how is it that all these white crimes never get convicted. Yet for saying dumb things, the mlb, nfl, etc force you to sell the team.
@tejano2828
@tejano2828 2 жыл бұрын
Best thing I ever did was take my retirement and managed it myself these hedge funds are nothing but criminals.
@riohenry6382
@riohenry6382 2 жыл бұрын
Low cost ETF funds are making me a lot of money…money that I never made when my money was under management
@bgilgil9487
@bgilgil9487 2 жыл бұрын
@@riohenry6382 Lmao most of those ETF if not all are made by the money managers you are talking about
@riohenry6382
@riohenry6382 2 жыл бұрын
@@bgilgil9487 I don’t think you understand how passive trading and fees work
@LIONTAMER3D
@LIONTAMER3D Жыл бұрын
@@riohenry6382 low fee funds are the only way to go, unless you know something...
@riohenry6382
@riohenry6382 Жыл бұрын
@@LIONTAMER3D absolutely right. Low fee ETFs are the backbone of my plan
@Scorch428
@Scorch428 10 ай бұрын
AT some point, no matter how confident someone is nor how good they are with words should stop us from failing to see the facts of a case....
@cafferacer
@cafferacer Жыл бұрын
I've followed literally all financial scams for the past 30 years. It never gets old. Long-Term Capital to FTX it's all fascinating. Enjoyed Raj drama back in the day haha
@abhimanyuchoudhary1006
@abhimanyuchoudhary1006 Жыл бұрын
LTCM wasn't a scam, just poor risk management
@Leszlig
@Leszlig Жыл бұрын
LTCM blew up. No fraud. Meriwether got funded again
@Priinsu
@Priinsu Жыл бұрын
You should have become a financial crimes expert at the fbi or worked for the SEC.
@Mrtumu10
@Mrtumu10 Жыл бұрын
Lmfaooooo
@Markdfadf
@Markdfadf 9 ай бұрын
Ummm... Long Term Capital wasn't a scam, so given that you were 1 for 2 in your examples I question how much you followed scams.
@NordicUrs
@NordicUrs 2 жыл бұрын
This is another perfect example that, contrary to what Preet Bharara said, the law does not apply equally to everybody. If a company is criminally liable, so are their executive organs, each and every one. It’s ridiculous that they, who are responsible for that company (and use this “responsibility” as a justification for their enormous remuneration) are not held responsible for their active and/or inactive doings. The US criminal system, again, proves it is there to protect the rich, white, and well connected.
@JesusTouchedMyJunk
@JesusTouchedMyJunk 2 жыл бұрын
Lol yeah it's totally a white supremacy thing
@mark9118
@mark9118 2 жыл бұрын
" If a company is criminally liable, so are their executive organs, each and every one" No, that is not the law. They must show criminal intent. Congress could change the law, but Bharara said that was unlikely. As you may recall, Hillary Clinton was not charged with a violation of email policy at the Dept of State (which is a crime), because the FBI director said there was no criminal intent.
@mark9118
@mark9118 2 жыл бұрын
"iculous that they, who are responsible for that company (and use this “responsibility” as a justification for their enormous remuneration) are not held responsible for their active and/or inactive doings." The law requires criminal intent. Cohen can be (and is) being sued in civil court for negligence, but to be convicted of a crime it requires criminal intent.
@JesusTouchedMyJunk
@JesusTouchedMyJunk 2 жыл бұрын
@@mark9118 The executives could definitely be tried under the RICO act
@mark9118
@mark9118 2 жыл бұрын
@@JesusTouchedMyJunk You can bring charges against anyone for anything, but you can't get a conviction unless all 12 jurors agree.
@cascooter
@cascooter 2 жыл бұрын
It is amazing to me given the amount of damage insider trading can do to the health of our economy it isn’t a capital offense.
@doctorblue6375
@doctorblue6375 2 жыл бұрын
The same funds that commit the insider trading donate to the PACs of the politicans creating the laws. Blackrock literally sits at the table at the bilderberg group lol.
@Markdfadf
@Markdfadf 2 жыл бұрын
Insider trading not only doesn't harm the economy but helps it. It helps people on the other side of trade get better prices fills. It communicates information through the trend in prices. And it allows capital to be more efficiently allocated because a company's share price is more accurately accounting the underlying business. Unlike you, I won't say economic illiteracy should be a capital offense. But you not be voting and should not have any say in the laws that are passed.
@cascooter
@cascooter 2 жыл бұрын
@@danielamador4306 yeh, I read something about that on a box of cereal. What are you gonna do, I guess.
@redwarf8118
@redwarf8118 2 жыл бұрын
@@Markdfadf you and people who think like you are the reason why this kind of trading is fucking over the whole economy and the average worker more and more. This is the reason why we have more frequent crashes were the Banks have to be bailed out by tax payers money. Please don´t reproduce your kind.
@Markdfadf
@Markdfadf 2 жыл бұрын
@@redwarf8118 I find your aggressive ignorance amusing. Nothing you said has any tether to reality. Insider trading plays zero role in crashes. It doesn't lead to bailouts. It doesn't harm workers. (How could you even think these things when there isn't even a remote connection.) Maybe start by reading a freshman economics textbook instead of sniffing glue before rage posting on the internet.
@stevenboddy4232
@stevenboddy4232 5 күн бұрын
It's so strange. The DOJ looks at hedgefunds but they don't question how our congressmen have the same returns.
@dbsk06
@dbsk06 4 ай бұрын
As someone who works in a similar industry with family in hedge funds even I learned a lot in this doc. Good job PBS
@samspade436
@samspade436 2 жыл бұрын
For real reporting! No news media compares to Frontline!!!
@SuperlativeCG
@SuperlativeCG 2 жыл бұрын
Not only is there insider trading, there is also obvious market manipulation, especially with small cap stocks. I see it quite often. I can't prove it but there is no other way to explain the way the stocks move the way they do.
@lavalefields2527
@lavalefields2527 2 жыл бұрын
Small cap stocks are cheap and the outstanding shares and floating shares is minimal and sometimes scarce. It's easy for someone with millions of dollars at their disposal to buy the stock and move it
@Dan16673
@Dan16673 2 жыл бұрын
Wrong. Low floats make the moves fast and furious at times
@lavalefields2527
@lavalefields2527 2 жыл бұрын
@@Dan16673 Ok correction. 👍
@JamJells
@JamJells Жыл бұрын
Thank you for posting this great episode.
@ehsanulbarihome
@ehsanulbarihome 14 күн бұрын
Loved the breakdown..very well explained and simplified, Matt 😊💯
@shawncassidy6843
@shawncassidy6843 2 жыл бұрын
Another amazing documentary from PBS 👏 Always so good!
@Mark-gg6iy
@Mark-gg6iy 2 жыл бұрын
Agreed, my favorite source of in-depth reporting.
@arigutman
@arigutman Жыл бұрын
Incredible documentary, thank you for such quality content... More documentaries like this!
@lindsay3995
@lindsay3995 3 ай бұрын
"Sugar and two creams, come with us please, sir...we're gonna need a bigger boat." Criminally cornball lines and that guy is so proud of them. Gotta love it.
@AlethiaShaheen
@AlethiaShaheen 5 күн бұрын
Hi, friend, love your work! What indicators and strategies are your favourite ? Thanks
@Supremechairuser
@Supremechairuser 2 жыл бұрын
James freshman was really regretting every word in his memoir. His face sank and was eating every word. The reporter really did great job to confront him on it.
@vnjii
@vnjii 2 жыл бұрын
He looked stunned and kinda drunk.... but looks like what he wrote is now coming back to haunt him...
@jackiedelvalle
@jackiedelvalle 2 жыл бұрын
Fleischmann?
@Stoneface_
@Stoneface_ Жыл бұрын
@@jackiedelvalle yep
@giovannidavinci20
@giovannidavinci20 2 жыл бұрын
In the end, the so-called law does not really try to protect the truth, but simply trying to make sure the "procedure" is correct. Quite sad.
@robertasirgutz8800
@robertasirgutz8800 7 ай бұрын
Seeing this years after the fact, I'm realizing how close to the events my family had been. We invested with and were socially involved with people like Slaine and others at Goldman. It sounds like everyone made a soft landing, and it's 2023. Nothing has changed.
@FinancialFinesse00
@FinancialFinesse00 3 ай бұрын
As a long time swing trader this was a valuble and informative episode watching how the day to day operations ran with Mr.Cohen the hedge fund icon at the helm keep the gems coming.
@redneckrevolt1
@redneckrevolt1 2 жыл бұрын
Gets me madder and madder knowing people are dumb enough to share secrets in plain sight and nobody does anything about it!
@LIONTAMER3D
@LIONTAMER3D Жыл бұрын
we only throw minorities in prison, notice how ALL these people are white?
@Udontsay948
@Udontsay948 Жыл бұрын
But the whole point here is something did happen
@victor0039
@victor0039 2 жыл бұрын
the narrator has an amazing voice it makes whatever you're watching enjoyable
@namenl2205
@namenl2205 2 жыл бұрын
For real
@Siegefya
@Siegefya 8 ай бұрын
Kinda crazy to realize that scammy bs and lying...cheating etc goes on at the institutional level just like it goes on at the retail level. This was a great doc, thanks frontline.
@jcymngo
@jcymngo 10 ай бұрын
What's amazing is that these stories happen again and again. The lure if that big money is too irresistible.
@fixitbrewbaycustom854
@fixitbrewbaycustom854 2 жыл бұрын
Classic example of government efforts to protect criminal bankers and Hedgehog type creeps!
@williamyoung9401
@williamyoung9401 Жыл бұрын
It's this kind of negligence and large-scale bribery that eventually leads to doubt in government institutions and Revolution.
@InfoOnly2U
@InfoOnly2U 2 жыл бұрын
This is who the tv show “Billions” is about
@orueom7720
@orueom7720 2 жыл бұрын
Precisely.... s lot less handsome than Bobby axelrod
@Futureacquiescence
@Futureacquiescence 2 жыл бұрын
And Bill Ackman too
@agavebob3462
@agavebob3462 Жыл бұрын
Preet Bharara : " It's doesn't matter who you are or how much money you have, every body has to play by the same rules..." Steve Cohen : "Nah, you just have to pay $1.8 billion to stay out of prison and keep on keeping on ; )
@tamanimaiesia5344
@tamanimaiesia5344 Жыл бұрын
Pinnacle of American capitalism
@DeniskaTunkin
@DeniskaTunkin 7 ай бұрын
Enjoyed it from the get-go to the end. Thank you, Frontline
@bobmellon1207
@bobmellon1207 2 жыл бұрын
Imagine the insider trading that’s been going on with the Vaccines
@esinyenetabo2356
@esinyenetabo2356 2 жыл бұрын
William L. God bless your voice and transparency in the media field. PBS is open and trusted source
@NunYa953
@NunYa953 2 жыл бұрын
It's becoming a less trusted source in a hurry.
@theresachung703
@theresachung703 2 жыл бұрын
@@NunYa953 why?
@NunYa953
@NunYa953 2 жыл бұрын
@@theresachung703 I've watched Frontline for 20+ years. It's always had SOME bias, but now it's quickly becoming PURE bias. It's no longer my "go to" for long form investigative journalism to say the least. And I find that very sad.
@LJ-ht4zs
@LJ-ht4zs Жыл бұрын
@@NunYa953 Give some examples rather than just stating your opinions
@Mayor1248
@Mayor1248 Ай бұрын
I HAVE INCURRED SO MUCH LOSSES TO TRADE ON MY OWN,I TRADE WELL ON DEMO BUT I THINK THE REAL MARKET IS MANIPULATED.
@wendyrosee
@wendyrosee Ай бұрын
You are absolutely right I keep loosing in real trade but win in Demo. Should I give up on Trade? What should I do? How may I do better? What I'm I doing incorrectly?
@Zubaida.Ali.Ali5327
@Zubaida.Ali.Ali5327 Ай бұрын
here is my problem I have been making losses trying to make trade. I thought to trade demo is just like the real..can anyone help me out or at least tell me on what to do.
@maureen...
@maureen... Ай бұрын
I always advice new members to have an orientation on how it works before getting involved. Trade offers more benefits than just holding.
@maureen...
@maureen... Ай бұрын
Kate Floretta in stagram
@maureen...
@maureen... Ай бұрын
Kate Floretta Face book
@davidr4523
@davidr4523 Жыл бұрын
Clearly this money manager, Ed Butowsky" profited very well from "Stevie Cohen" to try to defend someone so clearly guilty of insider trading. The fact that Steve or should I say "Stevie" is not in jail shows you how skilled his attorney's are and how weak the US government, despite all of their resources, in prosecuting a case.
@Matt-cr4vv
@Matt-cr4vv 10 ай бұрын
They had next to no actual evidence to convict him. The strongest evidence they had was the one email which they couldn’t even prove he had read for sure. Can’t convict people of things with scant evidence especially someone with resources like Cohen.
@bobcornwell403
@bobcornwell403 2 жыл бұрын
OK. He makes about $8 billion from his company. His company is found guilty. He has to pay a $1.8 billion fine. So he is still $6.2billion ahead. Who says crime does not pay? Where's the RICO law when we need it? Oh. I get it. That's for us ordinary mortals, not billionaire demi-gods.
@moonsaves
@moonsaves 2 жыл бұрын
It's not a fine to deter him from doing it again, it's just the cost of doing business.
@Philosific
@Philosific 2 жыл бұрын
Lol cohen made $1.6 billion in 2020. In the words of bobby axelrod, its just an ant bite. Nothing big
@scifirealism5943
@scifirealism5943 2 жыл бұрын
@@Philosific being a billionaire is like a free ticket to get away with white collar crime.
@heyjude2109
@heyjude2109 2 жыл бұрын
You understand the assignment.
@LJ-ht4zs
@LJ-ht4zs Жыл бұрын
Totally agree - in drug cases they cease all the assets, should be the same here - ill gotten gains should all be confiscated. Insider trading created the whole poisonous tree, cut it down completely.
@johntaylor-lo8qx
@johntaylor-lo8qx 2 жыл бұрын
Excellent documentary. Every rich person who has made a million from Wall Street had insider trading. Look at our politicians. Multi millionaires on a 150k per year job. Common....
@LJ-ht4zs
@LJ-ht4zs Жыл бұрын
@@abcdef-qk6jf Citizen's United - remember who voted it in - we need new legislators new Supreme Court Justices who are not apart of the Money Tree - look at ole Clarence Thomas and his wife Ginni and nothing is being done about that treasonous duo.
@victorblock3421
@victorblock3421 9 ай бұрын
LGB FJB
@Hawkgoulet
@Hawkgoulet Жыл бұрын
Lmao $1.8 billion fine for a guy that amassed over $8 billion for doing said crime. Sounds like just the cost of doing business instead of criminal behavior.
@almabe7608
@almabe7608 Жыл бұрын
You said it
@imtime22
@imtime22 8 ай бұрын
"i need my own Mr.Whisper" me asff
@mkaberli
@mkaberli 2 жыл бұрын
Frontline needs to focus its attention on all the insider trading done by our politicians.
@CyberData4
@CyberData4 2 жыл бұрын
Outstanding journalism. Thank you!
@ralphgarcia913
@ralphgarcia913 Жыл бұрын
Frontline needs to next do an investigative story on lobbyist and the money they pay to politicians on contributions. For example, Florida GOP politician Marco Rubio accepted $33,000 from the National Rifle Association in contribution. For decades, the tobacco industry was the most powerful lobbyists.
@afterdark6822
@afterdark6822 8 ай бұрын
The real question is when does the FBI start investigating congress?
@arielspalter7425
@arielspalter7425 2 жыл бұрын
Super interesting, and truly top notch journalism. Thank you!
@williamyoung9401
@williamyoung9401 Жыл бұрын
I love how when these guys are talking about breaking the law, they're laughing every time...
@chobblegobbler2536
@chobblegobbler2536 2 жыл бұрын
Love how we celebrate grifters by calling them moguls.
@johndavies1506
@johndavies1506 2 жыл бұрын
Well said
@cruciferousvegetable
@cruciferousvegetable 2 ай бұрын
I don't speak millennial or zoomer.
@TheCrouchingZebra
@TheCrouchingZebra Жыл бұрын
Great doc I still remember watching this years ago.
@sosueme811
@sosueme811 Жыл бұрын
We need this guy in today's Market!
@emiliorosa9896
@emiliorosa9896 2 жыл бұрын
Thanks you Frontline for amazing work n information n always getting the truth out there more vids 👍
@Einhander49
@Einhander49 2 жыл бұрын
I feel there's gonna be a Frontline special on Citadel's RISE and fall.
@Stoneface_
@Stoneface_ 2 жыл бұрын
Lol not gonna happen. Citadel profits soared this year and went on an hiring spree. Citadel is a money machine...
@Einhander49
@Einhander49 2 жыл бұрын
@@Stoneface_ I will revisit this reply in 5 years.
@Stoneface_
@Stoneface_ 2 жыл бұрын
@@Einhander49 ok 👍
@kirilmihaylov1934
@kirilmihaylov1934 2 жыл бұрын
@@Stoneface_ what profits?
@leochen887
@leochen887 Жыл бұрын
I'm a retired aerospace engineer and also a compliance manager. In our business, we have rules and regulations and standard procedures that are certified. Our objective is to develop, test, produce planes that can be in service for decades and carry hundreds of millions of passengers across the globe. When you think about how complex a Boeing or Airbus is and the challenges of keeping them airworthy, allowing corruption into the process had its price. Like the Boeing 737 MAX which was grounded after 346 people died in two crashes: Lion Air Flight 610 on October 29, 2018 and Ethiopian Airlines Flight 302 on March 10, 2019.
@chrisjackson551
@chrisjackson551 7 ай бұрын
This is but the TIP of the ICEBERG, the criminality on Wall St goes on unabated........
@Thanasis_Koligliatis
@Thanasis_Koligliatis Жыл бұрын
30:44 This was a very enlightening interview. He really torture that guy to admit that 1 in 10.000 calls might say something that they shouldn't have said. Great job!
@somnuswaltz5586
@somnuswaltz5586 7 ай бұрын
Yeah but not a very strong accusation. Yeah if there's a group of employees doing a job, at least one of those employees IS BOUND to break a rule. That applies in the video and pretty much everywhere else. Again, a weak point to tackle.
@palamoi
@palamoi 2 жыл бұрын
"The most valuable commodity that I know of is information." - Gordon Gecko, Wall Street
@kirilmihaylov1934
@kirilmihaylov1934 2 жыл бұрын
True
@Matthew-ez4ze
@Matthew-ez4ze 7 ай бұрын
I read the book “Black Edge” about one of SAC’s traders named Mathew Martoma which is very interesting, and I highly recommend it.
@roger_rogers
@roger_rogers Ай бұрын
"you think someone with my bank account has ever read that compliance manual?, Do I look poor to you?"
@boba2172
@boba2172 2 жыл бұрын
Frontline is the gold standard .....the best
@Howard2006
@Howard2006 2 жыл бұрын
Great documentary and I wonder how Steve Cohen will use insider trading to improve the Mets. He could check with the Houston Astros I suppose.
@nysports5085
@nysports5085 Жыл бұрын
Yeah since banging trash cans is relative. Duh
@NxDoyle
@NxDoyle Жыл бұрын
What the hell? I know the 'stros did a bad thing, but come on.
@Somalitravel
@Somalitravel Жыл бұрын
This kind of activities still goes on but very hard to detect.
@cv9435
@cv9435 2 жыл бұрын
So Steve Cohen gets away without any jail time but Rajrajaratnam goes to jail for the same thing, should we be surprised
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