Ivan Boesky, Convicted of Insider Trading in 1980s, Dies at 87

News May 22, 2024 at 01:04 PM
Share & Print

What You Need To Know

  • As junk bonds fueled a wave of hostile acquisitions, Boesky became the archetype of the savvy speculator, reaping hundreds of millions of dollars in profits on takeover bets.
  • He was believed to have been the model for the character of Gordon Gekko, the rapacious villain played by Michael Douglas in the 1987 film Wall Street.
  • He was sentenced to three years in prison for insider trading, but was released after serving about two years.
Refection of Wall Street sign (photo: Adobe Stock)

Related Stories

Robinhood Rolls Out Predictions Market Hub Trade War Casts Shadow Over Annuity Issuers, S&P Analysts Warn Fed Holds Rates, Sees Slower Growth and Higher Inflation 72% of Advisor Revenue Is Fee-Based: Cerulli Barry Ritholtz: How to Beat 90% of Fund Managers Over the Long Haul Acting SEC Head Remakes Agency Even Before Trump Pick Confirmed

Resource Center

Enhanced First-Year Fixed Rate: 10-Year Accumulation Example link

Information Brief

Enhanced First-Year Fixed Rate: 10-Year Accumulation Example

The State of Investor Sentiment Report: Investor Sentiment in Volatile Markets link

Report

The State of Investor Sentiment Report: Investor Sentiment in Volatile Markets

Using a RILA as an Alternative Asset Allocation for Fixed Income link

White Paper

Using a RILA as an Alternative Asset Allocation for Fixed Income