IMCLONE - IMCL
Publicly-traded biotechnology firm that markets products in oncology. In 2002, IMCL made international headlines following the firm’s founder and CEO Sam Waksal was incriminated for insider trading. Briefly after Waksal’s indictment, domestic diva Martha Stewart was also charged of insider trading. Stewart obtained the details from Waksal and her own broker, stating Waksal tried to discard $5 million worth of his shares in the firm on insider information. Stewart traded her shares on data Wasakal attempted to sell his.
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Fiduciary Fraud
An illegal practice committed by financial institutions and professionals that constitutes a breach of trust between the financial agent and client ...
Incremental Tax
Tax that increases in increments according to a taxpayer’s income level. Incremental taxes must be considered when assessing new investment o ...
Advance-Deposit Wagering - ADW
A kind of gambling on the results of horse races wherein a prior funding of the account is needed before the bettor is allowed to place bets. The A ...
Earnings Momentum
Term describing the corporate earnings per share (EPS) growth accelerates or decelerates from the previous fiscal quarter or year. It normally coex ...
Income Property Mortgage
Loan given to an investor to buy a residential or commercial rental property. Normally, these are much difficult to qualify for and frequently requ ...
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