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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.
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.
Insider trading is the trading of a public company's stock or other securities (such as bonds or stock options) ... in addition to a fine of R$349,711.53. The then ...
His sentencing is scheduled for May — he faces up to five years in prison and a maximum fine of $250,000. ... Afshin Farahan, pleaded guilty to an insider trading charge in 2022.
The U.S. Securities and Exchange Commission (SEC) said today that the CR Intrinsic unit of hedge fund SAC Capital has agreed to pay $600 million to settle insider trading charges brought by the ...
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.
According to information filed by the U.S. Attorney's Office, London gave Shaw insider tips and trading advice about five public companies during a two-year period. In return, Shaw gave London ...
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]