Ivan Boesky

Definition of 'Ivan Boesky'


An American stock trader known for his role in a 1986 Wall Street scandal. Ivan Frederick Boesky was born on March 6, 1937, and after graduating from the Michigan State University College of Law, ended up on Wall Street. He published "Merger Mania" in 1985, and focused on trading stock in companies that were set for takeovers. Shortly thereafter, the Securities and Exchange Commission (SEC) charged Boesky with illegal stock manipulation based on insider information.

Investopedia explains 'Ivan Boesky'


Boesky made a plea bargain, cooperating with the SEC by informing on some of his tipsters, including junk bond king Michael Milken. Boesky was sentenced to 3.5 years at Lompoc Federal Prison Camp in California, for which he served two years. In addition, he was fined $100 million and barred from working in securities for the rest of his life.



comments powered by Disqus
Hot Definitions
  1. Direct Bidder

    An entity that purchases Treasury securities at auction for a house account rather than on behalf of another party.
  2. Mortgage Modification

    A permanent change in a homeowner's home loan terms that makes the monthly loan payments affordable.
  3. Leveraged Benefits

    The use – by a business owner or professional practitioner – of their company’s receivables or current income to secure a loan whose proceeds then indirectly fund a retirement plan.
  4. Direct Consolidation Loan

    A loan that combines two or more federal education loans into a single loan. A Direct Consolidation Loan allows the borrower to make a single monthly payment. The loan is facilitated by the U.S. Department of Education and does not require borrowers to pay an application fee.
  5. Through Fund

    A type of target-date retirement fund whose asset allocation includes higher risk and potentially higher return investments "through" the fund's target date and beyond.
  6. Last In, First Out - LIFO

    An asset-management and valuation method that assumes that assets produced or acquired last are the ones that are used, sold or disposed of first.
Trading Center