martha stewart

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Title: martha stewart

Essay Details:

Subject: Social Issues

Author:

Date: February 5, 2016

Level: University

Grade: B

Length: 3 / 787

Essay text:

The Waksals were urged to sell all the shares of stock they owned in the company. Since Faneuil had only been in the job for six, he decided to call for assistance from another Merrill Lynch employee, Peter Bacanovic. Bacanovic immediately instructed Faneuil to make an urgent phone call to one of Bacanovic’s own clients, Martha Stewart, regarding the selling of the Waksals’ stock. When Stewart received the message, she quickly ordered the selling of her stocks as well. This chain of events violated Merrill Lynch’s information privacy policy. Merrill Lynch reported suspicions of insider trading to the SEC who began an investigation of Stewart, Bacanovic, the Waksals and Faneuil...

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