Here are the five companies that saw the biggest combined stock purchases from insiders during the week ended July 2.
Here are the five companies that saw the biggest combined stock purchases from insiders during the week ended June 25.
"Insider trading is part of my investment strategy," one defendant boasted on an internet message board.
Viky Bohra pled guilty last November to using information from his wife to make trades ahead of 11 straight earnings announcements.
The SEC alleges a biotech employee tipped off her partner about confidential failed clinical trial results. The partner sold his stock before results were public.
The proposal could introduce some limitations to company insiders, such as having to wait between four and six months after planning a trade.
Goldman was among the first to reduce its exposure, therefore it has exited most of its positions in relation to Archegos, a source told Bloomberg.
The SEC should overhaul plans that allow executives to schedule stock trades, three senators said Friday. The plans let insiders profit while leaving retail traders at a disadvantage, the lawmakers said. The flaws also risk undermining public confidence in markets, they added. Visit the Business section of Insider for more […]
Republican Sen. Kelly Loeffler, who’s facing a runoff election in January, dodged a question at a debate on Sunday night about whether US senators should be permitted to trade stocks while they hold office. Loeffler sold millions of dollars in stocks shortly after she received a private briefing on the […]
The Securities and Exchange Commission charged an Amazon Finance manager and two of her family members with insider trading on Monday. When she worked at Amazon, Laksha Bohra helped prepare numbers used in Amazon’s quarterly and annual earnings reports, according to the SEC. From 2016 to 2018, the SEC alleges […]
Sen. Elizabeth Warren unloaded on the Trump administration’s decision to award Kodak a $US765 million government loan and then revoke it, according to a letter viewed by CNBC. Warren also encouraged the federal oversight board responsible for monitoring the spending of COVID-19 relief funds to launch an investigation into the […]
Sen. Elizabeth Warren asked the Securities and Exchange Commission to investigate possible insider trading of Eastman Kodak shares before the public announcement of a $US765 million government loan to make drug ingredients. Kodak shares spiked as much as 2,190% in the two days following the announcement, yet it also gained […]
Former White House chief of staff Mick Mulvaney dumped as much as $US550,000 in stocks the same day Trump said the economy was “doing fantastically” amid the COVID-19 outbreak. The Daily Beast reported that Mulvaney unloaded between $US215,000 and $US550,000 on March 4, as the first US coronavirus deaths were […]
The Department of Justice has dropped its investigation into three US senators accused of insider trading after receiving closed-door briefings on the likely impact of the coronavirus. Federal charges will not be filed against Republican Sens. Kelly Loeffler of Georgia and James Inhofe of Oklahoma or Democratic Sen. Dianne Feinstein […]
The Justice Department is closing an insider-trading investigations into three US senators after prosecutors did not find sufficient evidence to prove they broke the law, The Wall Street Journal and The New York Times reported. Prosecutors reportedly contacted defence attorneys for Sens. Kelly Loeffler, Dianne Feinstein, and Jim Inhoffe to […]
The FBI seized a cell phone belonging to North Carolina Sen. Richard Burr, The Los Angeles Times reported. The move came as part of the bureau’s investigation into whether members of Congress engaged in insider trading related to the coronavirus outbreak. Burr drew scrutiny after ProPublica reported that he and […]
Gerald Fauth, the brother-in-law of GOP Sen. Richard Burr of North Carolina and a Trump appointee, dumped up to $US280,000 in stocks on February 13, the same day Burr unloaded up to $US1.72 million in his own shares, ProPublica reported. Burr is the chairman of the powerful Senate Intelligence Committee, […]