Securities Regulation and Litigation Lawyer & Attorney : OverRegd Blog : Lindquist & Vennum Law Firm, Minneapolis and Denver

Danny DeVito’s character, Larry the Liquidator, in the 1991 film Other People’s Money confessed, “I love money more than the things it can buy….but what I love more than money is other people's money.” As it turns out, Larry the Liquidator was a little ahead of his time, because these days, everyone it seems loves leverage – the tool that allows investors to make large investments using other people’s money. 

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A front-page article in Friday's New York Times reports that the SEC is investigating Pequot Capital Management, one of the nation's most prominent hedge funds, for possible insider trading. The SEC declined to confirm or deny the report. Pequot is one of the oldest and most well known hedge funds in America.

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