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Category Archives: Insider Trading

SEC Charges Penny-Stock Operators in Push to Crack Down on Repeat Offenders

(HedgeCo.Net) The Securities and Exchange Commission today charged two individuals with defrauding investors in penny stock companies that claimed to have valuable patents. One of those charged had been barred from the penny stock business based on his role in […]

Is This the Time to Consider Reinsurance for a Diversified Hedge Fund Portfolio?

(HedgeCo.Net) Most institutional investors understand the uncorrelated, diversification benefits of property catastrophe reinsurance. Many have been waiting on the sidelines for a large event to happen that would drive up pricing before allocating to the strategy. The two big questions […]

Former Corporate Insider and Six Traders Charged With Insider Trading

(HedgeCo.Net) In a complaint filed in U.S. District Court in the Northern District of Illinois, the SEC alleges that Shane P. Fleming, a former vice president of sales at Life Time Fitness, learned of the merger discussions on or before […]

Stock Market Analyst Barred for Illegally Cashing In On His Research Reports

(HedgeCo.Net) The Securities and Exchange Commission today charged a stock market analyst with insider trading prior to the publication of research reports and articles he authored with the false disclaimer that he wasn’t trading in the companies being covered. He […]

Former Pharma Company Accountant, Three Others Charged With Insider Trading

(HedgeCo.Net) The Securities and Exchange Commission today charged an accountant and three others with insider trading on market-moving news about the New Jersey-based pharmaceutical company where the accountant formerly worked. The SEC’s complaint, filed in federal court in New Jersey, […]

Banca IMI Securities to Pay $35 Million for Improper Handling of ADRs

(HedgeCo.Net) The Securities and Exchange Commission today announced that broker Banca IMI Securities Corp. (BISC), an indirect, wholly-owned U.S. subsidiary of Italian bank Intesa Sanpaolo SpA, has agreed to pay more than $35 million to settle charges that it violated […]

Fraud Charges Filed Against Former Brokers Targeting Federal Retirees

(HedgeCo.Net) The Securities and Exchange Commission has charged four former Atlanta-area brokers with fraudulently inducing federal employees to roll over holdings from their federal Thrift Savings Plan (TSP) retirement accounts into higher-fee, variable annuity products. The SEC’s enforcement action comes […]

Insider Trading Charges Filed Against Research Scientist Aiming to Avoid SEC Detection

(HedgeCo.Net) Insider trading charges have been filed against a research scientist who allegedly searched the internet for “how sec detect unusual trade” before making a trade that the agency flagged as suspicious through data analysis. The SEC’s complaint alleges that […]

Former UBS Employee Charged With Insider Trading by FCA

(HedgeCo.Net) The Financial Conduct Authority (FCA) has instituted criminal proceedings against Fabiana Abdel-Malek a former compliance officer employed by UBS AG’s London Branch and Walid Anis Choucair following a joint investigation with the National Crime Agency. Malek and Choucair have […]

Virginia-based mechanical engineer accused of scheming to manipulate the price of Fitbit stock

(HedgeCo.Net) Robert W. Murray allegedly purchased Fitbit call options just minutes before a fake tender offer that he orchestrated was filed on the SEC’s EDGAR system purporting that a company named ABM Capital LTD sought to acquire Fitbit’s outstanding shares […]

Charges Filed in Trading Scheme Involving Confidential Government Information

(HedgeCo.Net) The Securities and Exchange Commission has announced charges in an alleged insider trading scheme involving tips of nonpublic information about government plans to cut Medicare reimbursement rates, which affected the stock prices of certain publicly traded medical providers or […]

Law Firm Partner and Neighbor Charged in $1 Million Insider Trading Scheme

(HedgeCO.Net) A former partner at an international law firm and his neighbor have been charged by the SEC with making more than $1 million in illicit profits by insider trading around corporate announcements. The SEC alleges that Walter C. Little […]

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