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On Friday October 16, 2009, Raj Rajaratnam was arrested by the FBI and accused of conspiring with others in insider trading in several publicly traded companies. U.S. Attorney Preet Bharara put the total profits in the scheme at over $60 million, telling a news conference it was the largest hedge fund insider trading case in United States history.
There were reports that the executives were accused of insider trading and fraud, and last year the DOJ launched a probe into whether the nation’s largest insurer was unfairly restricting ...
The stock shed early gains this week as Truth Social’s parent company disclosed it had lost more than $58 million in 2023.. TMTG shares were trading at around $51.60 on Wednesday morning, making ...
The practice of so-called insider trading in Congress has faced widespread criticism in recent years because lawmakers have access to non-public information. ... Read the latest financial and ...
On Friday, the SEC disclosed settling charges against Austin Kauh of Wilton, CT, for insider trading before the December 2021 announcement that Kauh’s employer, Chewy, Inc (NYSE:CHWY ...
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.
“Insider trading is cheating, plain and simple,” Williams said, “and today’s convictions should remind anyone who may be tempted to corrupt the integrity of the stock market that it will ...
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]