Thursday, December 9, 2021

insider trading

Prosecutors seek five years prison for former Rep. Chris Collins for role in insider trading scheme

Federal prosecutors in New York on Monday asked a judge to sentence former Rep. Christopher Collins, R-N.Y., to the maximum of nearly five years in prison for his role in an insider trading scheme. Collins, who was the first sitting...

Hedge funds hacked into Bank of England press briefings

An audio feed of the Bank of England's press conferences was leaked to hedge funds before they were broadcast, the Bank has admitted. The Bank said one of its suppliers had "misused" the feed, which is there as a fall-back...

Former Congressman Chris Collins and Son, Settles Insider-Trading Case

The Securities and Exchange Commission has reached a settlement with former U.S. Rep. Christopher Collins, in connection with an insider-trading case involving his son and an Australian biotechnology company. Mr. Collins has agreed to be permanently barred from acting as...

Insider trading ring charged over illicit profits of millions of dollars

U.S. prosecutors said they had charged six members of an insider trading ring who worked for firms including Goldman Sachs Group (GS.N), Moelis and Centerview Partners and allegedly booked tens of millions of dollars in illicit profits. The U.S. Attorney’s...

Former Apple lawyer indicted on insider trading charges

Former Apple lawyer Gene Levoff was indicted on insider trading charges, the U.S. Attorney in New Jersey said in a press release on Thursday. The government in its indictment alleges that Levoff used inside information from Apple, including financial results before they...

Former Rep. Chris Collins pleads guilty to charges of insider trading

Former GOP Rep. Chris Collins pleaded guilty Tuesday to charges related to insider trading, a day after news broke he was planning to change his plea to guilty. Collins, 69, pleaded guilty to charges of conspiracy to commit securities fraud...

Brazil: Former billionaire Eike Batista gets 8-year prison sentence for market manipulation

Brazilian businessman Eike Batista has been found guilty of market manipulation and sentenced to eight years and seven months in prison. The federal court's decision released Monday also includes a fine of 82.8 million reals (nearly $20 million). Batista was once...

GOP Rep. Chris Collins resigns ahead of pleading guilty to insider trading charges

Republican congressman Chris Collins has resigned from congress just before he is expected to change his plea from "not guilty" to "guilty". The congressman was charged with insider trading in 2018, alongside his son and the father of his son's...

Rep. Chris Collins set to plead guilty to insider trading charges

Republican lawmaker Chris Collins, representing New York congressional district is set to plead guilty in insider trading case. The fourth-term Republican was the first congressman to endorse Donald Trump during the 2016 campaign. Mr Collins, 69, was accused of helping...

Former SeaWorld lawyer pleads guilty to insider trading

A former attorney for SeaWorld Entertainment Inc on Tuesday pleaded guilty to insider trading, the U.S. Justice Department said. As part of the guilty plea, Paul Powers admitted to using non-public information on the company’s financial performance that he received...

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Former Malaysian Prime Minister Loses Appeal of 1MDB Conviction

A Malaysian court on Wednesday upheld former premier Najib Razak's conviction on corruption charges over a multi-billion dollar scandal...