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. Market Arbitrage

    Purchasing and selling the same security at the same time in ...
  6. Insider Trading

    The buying or selling of a security by someone who has access ...
Related Articles
  1. Personal Finance

    4 History-Making Wall Street Crooks

    Find out how these Wall Street high-rollers landed themselves in hot water.
  2. Bonds & Fixed Income

    Tales From Wall Street's Crypt

    Wall Street continues to attract fresh hordes of ghoulish people committing the same old crimes.
  3. Home & Auto

    The Getty Oil Takeover Fiasco

    It was the largest takeover in history and one of the most dramatic. Learn all about the fate of Getty Oil.
  4. Investing Basics

    10 Great Investment Books For The Holidays

    Looking for the perfect gift? Here's a list of informative reads you'll want to share with others this season.
  5. Options & Futures

    Corporate Kleptocracy At RJR Nabisco

    The excess of the '80s brought about reckless spending and indulgent management. This is a story of both.
  6. Investing Basics

    How do regulators ensure that markets are conducted at arm's length?

    Learn about arm's length transactions and how the Investment Advisers Act allows stockbrokers to sell securities based on suitability reviews.
  7. Economics

    America's Most Notorious Corporate Criminals

    Learn about the crimes and punishments of some of the most infamous convicted white-collar crooks.
  8. Investing Basics

    What are historic cases of companies failing to do their due diligence?

    Learn about the America Online-Time Warner merger. Explore how America Online's stock was not properly valued due to poor due diligence.
  9. Stock Analysis

    Breaking Down the Halliburton Baker Hughes Deal

    Halliburton is using a downturn to get bigger and stronger in the long term, and the company is getting Baker Hughes at a reasonable price as a result.
  10. Brokers

    Key Differences Between M&A Advisors And Business Brokers

    For a buy, sale or partnership for one's business, one needs brokers and advisors to proceed ahead. Here are the key differences between business brokers and M&A advisors.

You May Also Like

Hot Definitions
  1. Weight Of Ice, Snow Or Sleet Insurance

    Financial protection against damage caused to property by winter weather specifically, damage caused if a roof caves in because ...
  2. Weather Insurance

    A type of protection against a financial loss that may be incurred because of rain, snow, storms, wind, fog, undesirable ...
  3. Portfolio Turnover

    A measure of how frequently assets within a fund are bought and sold by the managers. Portfolio turnover is calculated by ...
  4. Commercial Paper

    An unsecured, short-term debt instrument issued by a corporation, typically for the financing of accounts receivable, inventories ...
  5. Federal Funds Rate

    The interest rate at which a depository institution lends funds maintained at the Federal Reserve to another depository institution ...
  6. Fixed Asset

    A long-term tangible piece of property that a firm owns and uses in the production of its income and is not expected to be ...
Trading Center