Insider Trading At Sterne Agee

Sep. 21, 2012 2:16 PM ET
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Contributor Since 2012

It has come to our attention that a certain analyst, (working at Sterne Agee), has been feeding insider information to family members and friends before making buy/sell recommendations. That same analyst has been very public in recent weeks about a company called Deckers Outdoor Corporation. Right before recommending that shareholders sell the stock this past week, he told certain people close to him to buy put options in order to profit from the fall in the share price. Also, according to an inside source, this same analyst has a private account where he trades the stocks that he covers (an illegal practice). He has been doing this since May of 2009, and has been giving out false reports about companies just so he can make a profit. We have obtained all of the documents (evidence) relating to this insider trading case and will publish them online if this certain analyst (will not give out any names yet) does not step forward and admit to his wrongdoing.

We are Anonymous. We are Legion. We do not forgive. We do not forget. Expect us.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

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