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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.
Loeffler was chief executive officer (CEO) of Bakkt, a subsidiary of commodity and financial service provider Intercontinental Exchange, of which her husband, Jeffrey Sprecher, is CEO. She is a former co-owner of the Atlanta Dream of the Women's National Basketball Association (WNBA). [2] Loeffler is a member of the Republican Party.
SEC Rule 10b5-1, codified at 17 CFR 240.10b5-1, is a regulation enacted by the United States Securities and Exchange Commission (SEC) in 2000. [1] The SEC states that Rule 10b5-1 was enacted in order to resolve an unsettled issue over the definition of insider trading, [2] which is prohibited by SEC Rule 10b-5.
The revival of the lawsuit came amid mounting pressure on Steven Cohen over an insider-trading investigation that led to the arrest of Michael Steinberg, one of Cohen's closest confidantes at SAC Capital. SAC affiliates reached two civil insider trading settlements totaling nearly $616 million with the U.S. Securities and Exchange Commission.
The current chairman of the Clayton County Board of Commissioners, Jeffrey E. Turner, has announced that he is running for Clayton County sheriff in the upcoming election.
And it’s reigniting insider-trading concerns Nancy Pelosi’s husband dumped 2,000 Visa (V) shares in July — just weeks before the payments giant was sued by the U.S. Department of Justice ...
EVP & CLO of William Penn Bancorp Inc (30-Year Financial, Insider Trades) Alan B Turner (insider trades) bought 11,000 shares of WMPN on 04/06/2021 at an average price of $11.39 a share.
In October 2011, the SEC charged former McKinsey & Company Global Head Rajat Gupta with insider trading for illegally tipping Raj Rajaratnam with insider information about the quarterly earnings of both Goldman Sachs and Procter & Gamble, as well as an impending $5 billion investment in Goldman by Berkshire Hathaway at the height of the ...