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Are you interested in reading fashion news about haute couture, prêt-à-porter and avant-garde clothing? We hope so because you will learn about these topics as well as find style reports about emerging designers, new lifestyle brands, cutting edge fabrics, and much more. Anything relevant to the fashion industry is open for discussion.

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Friday, December 6, 2013

Apparel-Industry Insider Trading Ring

Department of Justice and the Securities & Exchange Commission Target Apparel-Industry Insider Trading Ring

This week we read an interesting article on the Forbes website regarding insider trading that may have occurred in the fashion industry.  Obviously these wrong doings are not exclusive to our industry.  Unfortunately, there are dishonest people in all industries.

The following two quotes are from a Forbes article dated 12/03/2013 by Nathan Vardi.

“For more than five years, Eric Martin made a habit of feeding material, non-public information about Carter’s, the Atlanta manufacturer of babies and children’s apparel, to hedge funds and a consultant who tipped off hedge funds. As the director, and later, vice-president, of Carter’s investor relations department, Martin was in a good position to know about earnings results, a corporate merger and even a financial restatement, before the company publicly released the information. Even after Carter’s terminated Martin, he continued to get his hands on market-moving information about Carter’s and provided it to hedge fund investors.”

“The Martin case seems to indicate that the relatively small and clubby apparel industry has seen its fair share of insider trading, making it a prime target for the Department of Justice and the Securities & Exchange Commission, which have both been aggressively pursuing insider-trading cases involving hedge funds.”


If you know of any wrong doing in the garment industry, you can contact the SEC at www.SEC.gov

Thank you for taking the time to read our apparel industry blog post. We hope that you have found this news to be informative. If you have comments or questions, please add your thoughts in the discussion area below.

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Fashion blogs typically cover various aspects of clothing, footwear and personal style. Ours is exactly what one would expect from a leading international resource and more.

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Essentially, we cover most of the topics you would find in an industry journal as well as other topics that you would discover in a typical fashion magazine.

Fashion is a multi-billion-dollar industry that has considerable impact on the way ordinary people dress and present themselves. Fashion is trend-driven and our fashion blog by Apparel Search provides a riveting way to follow and oversee these fast-paced trends. The blogoshepere has tons of style sites for your review. We thank you for taking the time to view ours.

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