I know. Let’s start a hedge fund.

More insider trading.  Ho hum.

“Ex-Microsoft Employee, Partner Accused of Insider Trading,” Wall Street Journal, December 20, 2013 C3 http://on.wsj.com/1hsCfbB

Employee at Microsoft tipped his business partner to trade in advance of announcements.  Aim was to create their own hedge fund (where no doubt they would be scrupulously honest).  Nearly $400,000 later, looking at jail time.  He got fired, too.

What’s your confidential information worth to someone else?  Are your own employees feathering their nests at your expense?  What controls do you have in place?

 

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Filed under Business Case, Controls, Governance, Information, Internal controls, Legal, Ownership, Policy, Protect assets, Requirements, Risk, Third parties, Value

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