R. Foster Winans Quotes
The only reason to invest in the market is because you think you know something others don't.
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| Birth: | 5th August, 1948 |
| Nationality: | American |
| Profession: | Author, Journalist |
R. Foster Winans is a former columnist for The Wall Street Journal who co-wrote the "Heard on the Street Column" from 1982 to 1984 and was convicted of insider trading and mail fraud. He was indicted by then-U.S. Attorney Rudolph Giuliani and convicted in 1985 of violating Federal law by leaking advance word of the contents of his columns to a stockbroker, Peter N. Brant, at Kidder, Peabody & Co., an old-line brokerage firm. Brant was decades later labeled a recidivist by the U.S. Securities and Exchange Commission. Winans' conviction was affirmed by the U.S. Supreme Court in 1987 as Carpenter v. United States by a rare 4–4 deadlocked vote.
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