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A massive insider trading case brought by the SEC revealed that some people working for SAC Capital routinely skirted the rules surrounding non-public information and allowed them to bag big ...
In the high-profile insider trading case U.S. v Rajaratnam unfolding near the same time (March 2011), wiretaps were played of Gupta describing to Rajaratnam elements of the confidential meetings of the board of directors of Goldman Sachs, including its possible willingness to purchase commercial bank Wachovia or insurer AIG. [39]
"To lose a case with this high a profile would have been an embarrassment." ... who has entered six of the 10 longest sentences in insider trading cases Bharara's office has brought since 2009. ...
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 ...
Committing Hong Kong's largest and most high-profile insider trading case: Criminal status: Jailed: Criminal charge: Nine counts of insider dealing, one count of counselling or procuring another person to deal in the shares of a listed company prior to the announcement of an acquisition deal: Penalty: Seven years imprisonment and $23.3 million fine
SEC v. Rajaratnam, 622 F.3d 159 (2d Cir. 2010), is a United States Court of Appeals for the Second Circuit case in which defendants Raj Rajaratnam and Danielle Chiesi appealed a discovery order issued by a district court during a civil trial against them for insider trading filed by the Securities and Exchange Commission (SEC).
Two cases that ended on Friday—one with a civil penalty, the other with a guilty verdict—show how inconsistent the laws around insider trading can be. Daily Dicta: Prison Time or a Slap on the ...
SEC v. Texas Gulf Sulphur Co. [1] is a case from the United States Court of Appeals for the Second Circuit which articulated standards for a number of aspects of insider trading law under Section 10(b) of the Securities Exchange Act and SEC Rule 10b-5. In particular, it set out standards for materiality of inside information, effective ...