Ivan Boesky

AAA

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.

RELATED TERMS
  1. Predators' Ball

    An annual convention held by Drexel Burnham Lambert for the purpose ...
  2. Jerome Kerviel

    A trader for French securities firm Société Générale that was ...
  3. Securities And Exchange Commission ...

    A government commission created by Congress to regulate the securities ...
  4. Michael Milken

    As an executive at investment bank Drexel Burnham Lambert Inc. ...
  5. Insider Trading

    The buying or selling of a security by someone who has access ...
  6. Market Arbitrage

    Purchasing and selling the same security at the same time in ...
Related Articles
  1. 4 History-Making Wall Street Crooks
    Personal Finance

    4 History-Making Wall Street Crooks

  2. Tales From Wall Street's Crypt
    Bonds & Fixed Income

    Tales From Wall Street's Crypt

  3. The Getty Oil Takeover Fiasco
    Home & Auto

    The Getty Oil Takeover Fiasco

  4. 10 Great Investment Books For The Holidays
    Investing Basics

    10 Great Investment Books For The Holidays

comments powered by Disqus
Hot Definitions
  1. Ghosting

    An illegal practice whereby two or more market makers collectively attempt to influence and change the price of a stock. ...
  2. Elasticity

    A measure of a variable's sensitivity to a change in another variable. In economics, elasticity refers the degree to which ...
  3. Tangible Common Equity - TCE

    A measure of a company's capital, which is used to evaluate a financial institution's ability to deal with potential losses. ...
  4. Yield To Maturity (YTM)

    The rate of return anticipated on a bond if held until the maturity date. YTM is considered a long-term bond yield expressed ...
  5. Net Present Value Of Growth Opportunities - NPVGO

    A calculation of the net present value of all future cash flows involved with an additional acquisition, or potential acquisition. ...
  6. Gresham's Law

    A monetary principle stating that "bad money drives out good." In currency valuation, Gresham's Law states that if a new ...
Trading Center