Apple, Analysts, Bloggers, and Stocks: An Explanation of the Insider Trading Allegations Against Kinnucan
Late last week, the feds showed up at the home of John Kinnucan and arrested him on charges related to insider trading.
John Kinnucan is an equity analyst who founded his own research firm, Broadband Research, LLC. Firms like this employ analysts to do research on stocks. They then ?sell? that research to institutional investors. In case the term ?institutional investor? is new to you, it just means hedge funds, mutual funds, pension funds, or any other ?professional? money manager.