How could securities based on lending money to bad risks be good business?
Shortly after receiving such a call, the banker would buy securities based on the news.
So, too, with derivatives and securities based on debt — things like collateralized loan obligations.
She helped pass a law that banned members of Congress and their staffs from trading securities based on political information.
The next level of security packaged a bunch of tranches from different deals and sold securities based on those assets.
The indictment maintained that Alan Stricoff also tipped off two others, who bought and sold securities based on the information.
Instead, he called for government purchases of toxic mortgage-backed securities, based on the theory that... actually, it never was clear what his theory was.
Despite their high ratings, many of those securities, based on risky loans, would prove worthless, roiling markets and threatening financial institutions worldwide.
Bob Monks, a veteran shareholder-activist, believes the ruling will determine whether American authorities can prevent the issuance of securities based on false information.
In the typical insider trading case, a defendant is accused of buying or selling securities based on information that is not available to the public.
In return, it transfers a bundle of securities, based on the index the fund is tracking, to the manager (this bundle is known as the creation basket).
