Beating Wall Street

Beating Wall StreetThe Oxford Dictionary of Current English defines insider as "one who is in on the secret." In the spring of 1986, Dennis Levine, an investment banker with Drexel Burnham Lambert, was arrested in New York, charged with taking more than $12,500,000 in illegal stock-trading profits. Weeks later, another group of young men was charged in the so-called Yuppie case, accused of profiting from inside information on impending corporate mergers.Insider trading is as old as his...