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That said, the case went to the U.S. Supreme Court and continues to be an important one in defining what insider trading really is in a legal sense. 4. Goldman Sachs/BusinessWeek
The Raj Rajaratnam/Galleon Group, Anil Kumar, and Rajat Gupta inside trading cases are parallel and related civil and criminal actions by the U.S. Securities and Exchange Commission and the United States Department of Justice against three friends and business partners: Galleon Group hedge fund founder-owner Raj Rajaratnam and former McKinsey & Company senior executives Anil Kumar and Rajat Gupta.
The 2020 congressional insider trading scandal was a political scandal in the United States involving allegations that several members of the United States Senate violated the STOCK Act by selling stock at the start of the COVID-19 pandemic in the United States and just before a stock market crash on February 20, 2020, using knowledge given to them at a closed Senate meeting.
In 2010, the SEC opened an insider trading investigation of SAC [4] and in 2013 several former employees were indicted by the U.S. Department of Justice. [5] In November 2013, the firm itself pleaded guilty to insider trading charges and paid $1.2 billion in penalties (in addition to $616 million already paid to the SEC). [6]
The charges were part of four insider trading cases brought by Williams' office against 10 people, including two charged in connection with a clinical trial for Pfizer Inc's COVID-19 medicine ...
Stephen Buyer was accused in court papers of engaging in insider trading during the $26.5 billion merger of T-Mobile and Sprint, announced in April 2018. Ex-US congressman among 9 charged in ...
On the day she was indicted, the U.S. Securities and Exchange Commission filed a civil complaint [3] against Stewart with charges of insider trading (for violating § 17(a) of the Securities Act of 1933, § 10(b) of the Securities Exchange Act of 1934, and SEC Rule 10b-5). [4] The civil charges were stayed pending the criminal proceeding. [5]
An investor in the shell company that merged with Trump Media was found guilty on Thursday of insider trading linked to that blockbuster deal, according to federal prosecutors.