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

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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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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.

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6 дек 2021

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Комментарии : 3,3 тыс.   
@Willmakeit-
@Willmakeit- 24 дня назад
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- 24 дня назад
@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- 24 дня назад
@Susanne-Helle I will give this a look, thanks a bunch for sharing.
@michaelmaran4473
@michaelmaran4473 22 дня назад
Inflation has nothing to do with the legend. Not sure why you're making your case here
@1_shortnote
@1_shortnote 14 дней назад
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 14 дней назад
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 14 дней назад
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 14 дней назад
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 14 дней назад
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 14 дней назад
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 14 дней назад
*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.
@MarkLeonard-xn8zs
@MarkLeonard-xn8zs Месяц назад
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 Месяц назад
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 Месяц назад
'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 Месяц назад
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 14 дней назад
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.
@oneiljerry9460
@oneiljerry9460 Год назад
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 Год назад
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 Год назад
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 Год назад
@@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 Год назад
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 Год назад
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.
@shortbenjamin
@shortbenjamin 2 года назад
"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 года назад
Laws come from where? Exactly! They should be made to public awareness. Read between the lines. (Capital Hill)
@tonyglock6161
@tonyglock6161 2 года назад
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 года назад
@@tonyglock6161 WTF
@NoToBigBro
@NoToBigBro 2 года назад
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 года назад
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.
@tommykincaid3267
@tommykincaid3267 2 года назад
Frontline is without a doubt the best in-depth journalism in media today. It's pretty refreshing.
@pauleohl
@pauleohl 2 года назад
You must realize that this story is 7 years old.
@jonathankenjihaag926
@jonathankenjihaag926 2 года назад
About the last real journalism without a preconceived idea
@Mark-gg6iy
@Mark-gg6iy 2 года назад
"Fake news"- Donald trump
@letsgobrandon416
@letsgobrandon416 2 года назад
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 года назад
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.
@zenglider2145
@zenglider2145 Год назад
"A man with a briefcase can steal more money than any man with a gun" Don Henley
@692ALBANNACH
@692ALBANNACH 15 дней назад
But the man with a gun will spend more time behind bars.
@user-kb8rc5vq2i
@user-kb8rc5vq2i 10 дней назад
​@@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."
@Raymondjohn2
@Raymondjohn2 Год назад
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 Год назад
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 Год назад
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 Год назад
@Dan Brooks Impressive can you share more info?
@lipglosskitten2610
@lipglosskitten2610 Год назад
@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 Год назад
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 месяцев назад
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 9 месяцев назад
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 9 месяцев назад
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 месяцев назад
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 месяцев назад
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 9 месяцев назад
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
@kaylawood9053
@kaylawood9053 Год назад
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 Год назад
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 Год назад
@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 месяца назад
My recommendation is to avoid disclosing net worth and avoid seeking financial advice in RU-vid comments.
@4U2C2DAY2
@4U2C2DAY2 Месяц назад
Sell gold, Buy pork belly's
@Prespanda
@Prespanda Месяц назад
​@@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".
@mcginnnavraj4201
@mcginnnavraj4201 Год назад
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 Год назад
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 Год назад
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 Год назад
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 Год назад
@@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 Год назад
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.
@Erinmills98
@Erinmills98 Год назад
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 Год назад
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 Год назад
@@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 Год назад
@@AstaKristjan This is really impressive, who is this person and how can they be reached?
@AstaKristjan
@AstaKristjan Год назад
@@user-sb6po3yj7d Everything you need is right there on her page.
@lightofmylife1616
@lightofmylife1616 Год назад
You're gonna lose a lot of money with that type of thinking
@alexandrearquembourg7203
@alexandrearquembourg7203 2 года назад
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 года назад
forreal, mindy got lobsters, the trader made millions and shes in jail smh
@newyorkcity76
@newyorkcity76 2 года назад
Yea powerful people nothing happen to them
@adonis8289
@adonis8289 2 года назад
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 года назад
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 года назад
@@newyorkcity76oo
@MatCendana
@MatCendana 2 года назад
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 Год назад
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 Год назад
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 Год назад
Better off without it. PBS is a leftist organization. Blue journalists.
@dianaboyer683
@dianaboyer683 Год назад
True True and so True. Thank you!!!!!!
@Isawwhatyoudid
@Isawwhatyoudid Год назад
The bad guys (The GOP) want to defund PBS.
@wiebeplatt4749
@wiebeplatt4749 Год назад
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 Год назад
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 Год назад
@@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 Год назад
@@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 RU-vid, and frankly I have profited considerably as a result.
@marianparker7502
@marianparker7502 Год назад
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 Год назад
@@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.
@doraeppes1751
@doraeppes1751 7 месяцев назад
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 месяцев назад
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 месяцев назад
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 месяцев назад
Inspiring! do you think you can give me advice on how to invest in a healthy way like you do?
@helenbake4141
@helenbake4141 7 месяцев назад
She's on Instagram
@helenbake4141
@helenbake4141 7 месяцев назад
©Shanatrades_
@xmen9916
@xmen9916 2 года назад
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 года назад
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 года назад
Nancy Pelosi is also a phenomenal investor!
@davidwilson1692
@davidwilson1692 2 года назад
@@maanavchellani7115 lmfao
@theDARKSTEP
@theDARKSTEP 2 года назад
@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 года назад
Exactly well said lol. We'd all be great investors too.
@phpn99
@phpn99 2 года назад
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 года назад
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 года назад
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 года назад
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 года назад
@@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 года назад
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.
@billymark7125
@billymark7125 Год назад
Every family has that one person who will break the family financial struggles, I hope you become the one. Amen
@annebella8851
@annebella8851 Год назад
You're right, Fear is one of the factors that hinder most persons to invest into crypto, most persons say ignorance..
@stevewilliams760
@stevewilliams760 Год назад
imagine investing in Btcoin earlier.... You could have been a multi millionaire presently
@lincolnjack3198
@lincolnjack3198 Год назад
@@victoriabrady1791 If you are using really a good broker or account manager is easier to earn from the market
@leonnoble8164
@leonnoble8164 Год назад
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 Год назад
I'm new to bitcoin trading, how can I go about it or is there anyone you can refer?? 🙏🙏
@douglynch7285
@douglynch7285 Год назад
A real life episode of Billions … they turned him into a family fund.
@amazingabby25
@amazingabby25 Год назад
It was based on him, esp the DA vs Steve stuff
@Kryptonite88
@Kryptonite88 2 года назад
The title should be "To Catch and Release a Trader."
@traviscoates6878
@traviscoates6878 Год назад
I have zero confidence in the SEC to ever come close to stopping insider trading
@LJ-ht4zs
@LJ-ht4zs Год назад
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 11 месяцев назад
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 месяцев назад
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 месяцев назад
Incompetent
@joshhushed5890
@joshhushed5890 8 месяцев назад
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 месяцев назад
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 месяцев назад
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 месяцев назад
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.
@robertneighbors3520
@robertneighbors3520 6 месяцев назад
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 месяца назад
Supposedly Matthew Martoma was set up with a nice little offshore trust as a thank you for not flipping on Cohen.
@jswats92
@jswats92 2 месяца назад
Smart move overall for both
@FrankLukasJr-gk5vw
@FrankLukasJr-gk5vw 23 дня назад
Thats the way it has always worked and still works....
@harryb7661
@harryb7661 2 года назад
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 года назад
Yeah and Cohen Aka scumbag face is currently using Point 72 to short company stocks and screw retail investors...
@LJ-ht4zs
@LJ-ht4zs Год назад
Cohen still is wearing his same ole suit.
@jyeasyfun
@jyeasyfun Год назад
He beats the system and the market by his magic weapon and money
@Matt-cr4vv
@Matt-cr4vv 11 месяцев назад
And the fund manages around $12B more than SAC did.
@letsrelaxwithtexts2114
@letsrelaxwithtexts2114 2 года назад
Pbs deep voice narrator is the best of all time... brings so much great memories
@zoeytank2921
@zoeytank2921 Год назад
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 Год назад
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 Год назад
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 Год назад
@@champhallier8468 How can I contact your Asset-coach as my portfolio is dwindling? That's fascinating.
@champhallier8468
@champhallier8468 Год назад
@@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 Год назад
These bot comment threads are something else
@lilkingsamuel
@lilkingsamuel Год назад
Fantastic coverage. Entertaining and informative. Better than most movies I have seen.
@kelvinketer789
@kelvinketer789 2 года назад
How about politicians who do the same thing? Do a documentary about them too
@FletcherFinance
@FletcherFinance 2 года назад
Congress is exempt from insider trading regulations by law. They are a legally protected class of investor.
@standalby6949
@standalby6949 Год назад
Start with Pelosi & her old man
@TheInterestedObserver
@TheInterestedObserver Год назад
no, only brown or asian people
@EuroG100
@EuroG100 18 дней назад
Aka Pelosi
@rabidbigdog
@rabidbigdog 2 года назад
First Law of Wall Street: everyone gets away with it.
@NordicUrs
@NordicUrs 2 года назад
Additionally, they get golden parachutes.
@glennycoleman3799
@glennycoleman3799 2 года назад
BEST GAME IN THE WORLD! I LOVE IT!!!
@kirilmihaylov1934
@kirilmihaylov1934 2 года назад
@@glennycoleman3799 true
@Moodboard39
@Moodboard39 Год назад
Hmm interesting
@Itaivarochik
@Itaivarochik Год назад
Great job telling this story so eloquently
@scrubbwhite291
@scrubbwhite291 Год назад
Steinberg, Cohen, Madoff, Bankman-Fried... do I detect a common denominator here?
@Mark-tb1zq
@Mark-tb1zq Год назад
I can't figure out what they have in common 😃
@rambleon2011
@rambleon2011 Месяц назад
They’re all Muslims.
@TheMeatPeople
@TheMeatPeople 2 года назад
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 года назад
all by last name..88% are?they RUN the show
@gaborkovacs2702
@gaborkovacs2702 2 года назад
Money🤫
@Arturo-sm1tb
@Arturo-sm1tb 2 года назад
Because he is a lying greedy weasel.
@petershanks3049
@petershanks3049 2 года назад
Just 9 billion dollars
@ShmuelWeintraub
@ShmuelWeintraub 2 года назад
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.
@samanthab1923
@samanthab1923 2 года назад
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 года назад
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 года назад
but God sees all.
@Markdfadf
@Markdfadf 2 года назад
@@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 года назад
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 года назад
@@SHOTTuINdFACE Yes, The Big Short was good. Look at the Maddoff case too.
@katinkafrauke2148
@katinkafrauke2148 3 месяца назад
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 месяца назад
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 месяца назад
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 месяца назад
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 месяца назад
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 месяца назад
INSTAGRAM
@user-yi5hu8qw4s
@user-yi5hu8qw4s 9 месяцев назад
Another amazing documentary from PBS Always so good!. Super interesting, and truly top notch journalism. Thank you!.
@MADKingR
@MADKingR 2 года назад
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 года назад
Lol he made $1.2 billion for 2020
@Stoneface_
@Stoneface_ 2 года назад
His net worth is 16B now
@Stoneface_
@Stoneface_ 2 года назад
@Lordeverfall100 Maybe he's already at $20B and is lying about his net worth🤔
@unknown6715
@unknown6715 2 года назад
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 года назад
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.
@JohnAranita
@JohnAranita 2 года назад
This is one of my very favorite PBS DVD documentaries.
@michaelschneider-
@michaelschneider- 2 года назад
@John Aranita .. +1 . Agreed.
@lizannewhitlow1085
@lizannewhitlow1085 2 года назад
Best show ever: Frontline.
@williamyoung9401
@williamyoung9401 Год назад
Depressing as all hell, but yeah, one of my favorite too.
@vincentstewart1843
@vincentstewart1843 2 месяца назад
Should I give up on Trade? What should I do? How may I do better? What I'm I doing incorrectly?
@wendyrosee
@wendyrosee 2 месяца назад
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 месяца назад
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 месяца назад
Kate Floretta Face book
@maureen...
@maureen... 2 месяца назад
Google " katefxfloretta " anywhere take classes to learn to trade.
@Mayor1248
@Mayor1248 2 месяца назад
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)
@ThomasJeff066
@ThomasJeff066 Месяц назад
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 Месяц назад
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 Месяц назад
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 Месяц назад
Wow that's stirring! Do you mind connecting me to your advisor please. I desperately need one to diversify my portfolio
@DavePatrick901
@DavePatrick901 Месяц назад
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 Месяц назад
​​@@stephenbates6Timothy Eric Meek
@deweyhamilton7774
@deweyhamilton7774 2 года назад
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 года назад
Don’t jaywalk fam
@deweyhamilton7774
@deweyhamilton7774 2 года назад
Nooooooo
@deweyhamilton7774
@deweyhamilton7774 2 года назад
Lol, I am speaking Spanish? Losser!
@deweyhamilton7774
@deweyhamilton7774 2 года назад
Lol, I am speaking Spanish? Losser!
@JohnMiller-oz7gv
@JohnMiller-oz7gv 2 года назад
Where did you go to school?
@kenaidog6974
@kenaidog6974 2 года назад
Criminalize negligence so our politicians can be held accountable.
@williamyoung9401
@williamyoung9401 Год назад
Aliens will be watching PBS Frontline documentaries to wonder how we destroyed ourselves...
@ambitiousceo
@ambitiousceo Год назад
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 месяцев назад
Thankgod someone knows about this and I found this comment😂👍
@cafferacer
@cafferacer Год назад
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 Год назад
LTCM wasn't a scam, just poor risk management
@Leszlig
@Leszlig Год назад
LTCM blew up. No fraud. Meriwether got funded again
@Priinsu
@Priinsu Год назад
You should have become a financial crimes expert at the fbi or worked for the SEC.
@Mrtumu10
@Mrtumu10 Год назад
Lmfaooooo
@Markdfadf
@Markdfadf 9 месяцев назад
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.
@tejano2828
@tejano2828 2 года назад
Best thing I ever did was take my retirement and managed it myself these hedge funds are nothing but criminals.
@riohenry6382
@riohenry6382 2 года назад
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 года назад
@@riohenry6382 Lmao most of those ETF if not all are made by the money managers you are talking about
@riohenry6382
@riohenry6382 2 года назад
@@bgilgil9487 I don’t think you understand how passive trading and fees work
@LIONTAMER3D
@LIONTAMER3D Год назад
@@riohenry6382 low fee funds are the only way to go, unless you know something...
@riohenry6382
@riohenry6382 Год назад
@@LIONTAMER3D absolutely right. Low fee ETFs are the backbone of my plan
@XTen1000DaysX
@XTen1000DaysX 2 года назад
This is gonna be a banger! More finance ones frontline! 🍿
@somnuswaltz5586
@somnuswaltz5586 2 года назад
This episode has been out for many years........
@XTen1000DaysX
@XTen1000DaysX 2 года назад
@@somnuswaltz5586 well to some of us it's new
@ocimak
@ocimak 2 года назад
@@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 года назад
@@ocimak i have read that book. I finished half of it atleast, good book
@chrispaul3778
@chrispaul3778 Год назад
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 Год назад
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 Год назад
*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.
@Scorch428
@Scorch428 10 месяцев назад
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....
@bobcornwell403
@bobcornwell403 2 года назад
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 года назад
It's not a fine to deter him from doing it again, it's just the cost of doing business.
@Philosific
@Philosific 2 года назад
Lol cohen made $1.6 billion in 2020. In the words of bobby axelrod, its just an ant bite. Nothing big
@scifirealism5943
@scifirealism5943 2 года назад
@@Philosific being a billionaire is like a free ticket to get away with white collar crime.
@heyjude2109
@heyjude2109 2 года назад
You understand the assignment.
@LJ-ht4zs
@LJ-ht4zs Год назад
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.
@NordicUrs
@NordicUrs 2 года назад
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 года назад
Lol yeah it's totally a white supremacy thing
@mark9118
@mark9118 2 года назад
" 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 года назад
"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 года назад
@@mark9118 The executives could definitely be tried under the RICO act
@mark9118
@mark9118 2 года назад
@@JesusTouchedMyJunk You can bring charges against anyone for anything, but you can't get a conviction unless all 12 jurors agree.
@agavebob3462
@agavebob3462 Год назад
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 Год назад
Pinnacle of American capitalism
@Hawkgoulet
@Hawkgoulet Год назад
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 Год назад
You said it
@SuperlativeCG
@SuperlativeCG 2 года назад
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 года назад
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 года назад
Wrong. Low floats make the moves fast and furious at times
@lavalefields2527
@lavalefields2527 2 года назад
@@Dan16673 Ok correction. 👍
@arigutman
@arigutman Год назад
Incredible documentary, thank you for such quality content... More documentaries like this!
@dbsk06
@dbsk06 4 месяца назад
As someone who works in a similar industry with family in hedge funds even I learned a lot in this doc. Good job PBS
@lindsay3995
@lindsay3995 3 месяца назад
"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.
@shawncassidy6843
@shawncassidy6843 2 года назад
Another amazing documentary from PBS 👏 Always so good!
@Mark-gg6iy
@Mark-gg6iy 2 года назад
Agreed, my favorite source of in-depth reporting.
@samspade436
@samspade436 2 года назад
For real reporting! No news media compares to Frontline!!!
@stevenboddy4232
@stevenboddy4232 7 дней назад
It's so strange. The DOJ looks at hedgefunds but they don't question how our congressmen have the same returns.
@jcymngo
@jcymngo 10 месяцев назад
What's amazing is that these stories happen again and again. The lure if that big money is too irresistible.
@cascooter
@cascooter 2 года назад
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 года назад
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 года назад
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 года назад
@@danielamador4306 yeh, I read something about that on a box of cereal. What are you gonna do, I guess.
@redwarf8118
@redwarf8118 2 года назад
@@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 года назад
@@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.
@redneckrevolt1
@redneckrevolt1 2 года назад
Gets me madder and madder knowing people are dumb enough to share secrets in plain sight and nobody does anything about it!
@LIONTAMER3D
@LIONTAMER3D Год назад
we only throw minorities in prison, notice how ALL these people are white?
@Udontsay948
@Udontsay948 Год назад
But the whole point here is something did happen
@JamJells
@JamJells Год назад
Thank you for posting this great episode.
@robertasirgutz8800
@robertasirgutz8800 7 месяцев назад
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.
@Supremechairuser
@Supremechairuser 2 года назад
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 года назад
He looked stunned and kinda drunk.... but looks like what he wrote is now coming back to haunt him...
@jackiedelvalle
@jackiedelvalle 2 года назад
Fleischmann?
@Stoneface_
@Stoneface_ Год назад
@@jackiedelvalle yep
@chobblegobbler2536
@chobblegobbler2536 2 года назад
Love how we celebrate grifters by calling them moguls.
@johndavies1506
@johndavies1506 2 года назад
Well said
@cruciferousvegetable
@cruciferousvegetable 2 месяца назад
I don't speak millennial or zoomer.
@FinancialFinesse00
@FinancialFinesse00 3 месяца назад
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.
@sosueme811
@sosueme811 Год назад
We need this guy in today's Market!
@InfoOnly2U
@InfoOnly2U 2 года назад
This is who the tv show “Billions” is about
@orueom7720
@orueom7720 2 года назад
Precisely.... s lot less handsome than Bobby axelrod
@Futureacquiescence
@Futureacquiescence 2 года назад
And Bill Ackman too
@giovannidavinci20
@giovannidavinci20 2 года назад
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.
@DeniskaTunkin
@DeniskaTunkin 7 месяцев назад
Enjoyed it from the get-go to the end. Thank you, Frontline
@leochen887
@leochen887 Год назад
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.
@johntaylor-lo8qx
@johntaylor-lo8qx 2 года назад
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 Год назад
@@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 месяцев назад
LGB FJB
@victor0039
@victor0039 2 года назад
the narrator has an amazing voice it makes whatever you're watching enjoyable
@namenl2205
@namenl2205 2 года назад
For real
@ralphgarcia913
@ralphgarcia913 Год назад
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.
@ehsanulbarihome
@ehsanulbarihome 16 дней назад
Loved the breakdown..very well explained and simplified, Matt 😊💯
@bobmellon1207
@bobmellon1207 2 года назад
Imagine the insider trading that’s been going on with the Vaccines
@arielspalter7425
@arielspalter7425 2 года назад
Super interesting, and truly top notch journalism. Thank you!
@williamyoung9401
@williamyoung9401 Год назад
I love how when these guys are talking about breaking the law, they're laughing every time...
@Siegefya
@Siegefya 8 месяцев назад
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.
@AlethiaShaheen
@AlethiaShaheen 7 дней назад
Hi, friend, love your work! What indicators and strategies are your favourite ? Thanks
@johngalt0096
@johngalt0096 2 года назад
There’s us; & there’s them. “It’s a club, & you ain’t in it.” Enough.
@TheAppleLoadout
@TheAppleLoadout 2 года назад
In that case, explain democracy. (I totally agree with you, I am just pointing out the obvious)
@Franciscasieri
@Franciscasieri 2 года назад
RIP George Carlin
@LJ-ht4zs
@LJ-ht4zs Год назад
@@TheAppleLoadout Not much of a democracy when criminals pay small fines or small jail terms , but most aren't caught, Politicians are bought off and are also involved in insider trading. When both political parties accept huge amounts of money from lobbyists and it has been okayed by Supreme Court - where do you see a democracy? Little people got to jail for shoplifting, black people get killed for selling loosies and Wall Street gets bailed out when Main st. looses everything. Sounds like a banana republic to me.
@Bennnyak
@Bennnyak 2 года назад
I know this is gonna be a banger
@davidr4523
@davidr4523 Год назад
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 11 месяцев назад
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.
@TheCrouchingZebra
@TheCrouchingZebra Год назад
Great doc I still remember watching this years ago.
@tedereTSSK
@tedereTSSK 2 года назад
Informative, educational and insightful. Enjoyed the back story. Thank you.
@williamyoung9401
@williamyoung9401 Год назад
So, "Stevie" Cohen was fined $1.8 billion dollars. Great. He only has $6.2 billion left. And he isn't in jail. Yeah, he TOTALLY learned his lesson...
@mkaberli
@mkaberli 2 года назад
Frontline needs to focus its attention on all the insider trading done by our politicians.
@silvanacauduro
@silvanacauduro Год назад
I HAVE INCURRED SO MUCH LOSSES TRADING ON MY OWN...I TRADE WELL ON DEMO BUT I THINK THE REAL MARKET IS MANIPULATED... CAN ANYONE HELP ME OUT OR AT LEAST TELL ME WHAT I'M DOING WRONG ?
@johnnystroud2495
@johnnystroud2495 Год назад
Same here, My portfolio has been going down the drain while I try trading,l just don't know what I do wrong
@madlindowell4103
@madlindowell4103 Год назад
Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade
@cherylmargolis7529
@cherylmargolis7529 Год назад
I strongly advise you against self trading, it's really dangerous and had brought so many investors down, you need someone with the knowledge and strategies, someone dedicated to the crypto currency market business, and I will strongly recommend expert, Mrs Mary Callahan Erdoes
@javieretasca5344
@javieretasca5344 Год назад
Wow I'm just shock you mentioned and recommended Expert Mrs Mary Callahan Erdoes ,I thought I'm the only trading with her
@granthamlawson493
@granthamlawson493 Год назад
@@javieretasca5344 You don't need to be shock because I'm also a huge beneficiary of Expert Mrs Mary Callahan Erdoes
@Thanasis_Koligliatis
@Thanasis_Koligliatis Год назад
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 8 месяцев назад
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.
@CyberData4
@CyberData4 2 года назад
Outstanding journalism. Thank you!
@josecamacho794
@josecamacho794 Год назад
Steve Cohen is still a billionare and operates SAC under a new name, Point 72 Assets.
@randalfavs6638
@randalfavs6638 Год назад
Government would only investigate if the politicians not getting a cut
@cv9435
@cv9435 2 года назад
So Steve Cohen gets away without any jail time but Rajrajaratnam goes to jail for the same thing, should we be surprised
@fixitbrewbaycustom854
@fixitbrewbaycustom854 2 года назад
Classic example of government efforts to protect criminal bankers and Hedgehog type creeps!
@williamyoung9401
@williamyoung9401 Год назад
It's this kind of negligence and large-scale bribery that eventually leads to doubt in government institutions and Revolution.
@chrisjackson551
@chrisjackson551 7 месяцев назад
This is but the TIP of the ICEBERG, the criminality on Wall St goes on unabated........
@roger_rogers
@roger_rogers Месяц назад
"you think someone with my bank account has ever read that compliance manual?, Do I look poor to you?"
@DavidElstob73
@DavidElstob73 2 года назад
Funny how they can get underlings to testify against a crime boss, yet they can't get workers to do the same against a company owner.
@herogebrial
@herogebrial 2 года назад
Steven A.C is to big to take down. Has people in high places
@stevengraham3138
@stevengraham3138 2 года назад
Now when your boss has 2-16 billon he can pay you to be quite sad but true
@esinyenetabo2356
@esinyenetabo2356 2 года назад
William L. God bless your voice and transparency in the media field. PBS is open and trusted source
@NunYa953
@NunYa953 2 года назад
It's becoming a less trusted source in a hurry.
@theresachung703
@theresachung703 2 года назад
@@NunYa953 why?
@NunYa953
@NunYa953 2 года назад
@@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 Год назад
@@NunYa953 Give some examples rather than just stating your opinions
@afterdark6822
@afterdark6822 8 месяцев назад
The real question is when does the FBI start investigating congress?
@gilchevy
@gilchevy Год назад
i bet its still going on today
@Einhander49
@Einhander49 2 года назад
I feel there's gonna be a Frontline special on Citadel's RISE and fall.
@Stoneface_
@Stoneface_ 2 года назад
Lol not gonna happen. Citadel profits soared this year and went on an hiring spree. Citadel is a money machine...
@Einhander49
@Einhander49 2 года назад
@@Stoneface_ I will revisit this reply in 5 years.
@Stoneface_
@Stoneface_ 2 года назад
@@Einhander49 ok 👍
@kirilmihaylov1934
@kirilmihaylov1934 2 года назад
@@Stoneface_ what profits?
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