US Attorney Damian Williams said: Today’s sentence should send a strong signal to all participants in the cryptocurrency markets that the laws decidedly do apply to them. The Southern District of New York will hold those who engage in insider trading to full account, regardless of whether their illegal conduct occurs in the equity markets…
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Waugh was charged with six counts of insider trading at his court hearing on 16 December 2016. ASIC also obtained on order preventing the defendant from leaving the country. Waugh now faces 15 years imprisonment as the maximum penalty.
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Prior to the official announcement by PanAust of the takeover bid on 30 March 2015, Li acquired 390,000 PanAust CFDs during the period between 19 and 26 March 2015. He also made his wife acquire 265,000 PanAust CFDs between 22 and 26 March 2015. In sentencing, Judge Rinaudo said: [He] took an unfair advantage when…
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The SEC further detailed that the five defendants shared portions of their profits by funneling them through a Russian information technology company founded by Kliushin and for which Yermakov and Rumiantcev serve as directors. Gurbir S. Grewal, Director of the SEC’s Division of Enforcement, said: With this action, the SEC, using its powerful analytical tools,…
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Additionally, directors and officers will be required to put in writing that they are not aware of any important nonpublic information when they enter into the plans. The proposal also includes updates that would require more comprehensive disclosure about issuers’ policies and procedures against insider trading, as well as their actions around the timing of…
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Debih allegedly traded on the tips he received from the investment bankers and recommended to others to trade. SEC has charged seven other people in connection with these schemes. Debih is charged violating the antifraud provisions of the Securities Exchange Act of 1934. He has agreed to the entry of a judgment which, if approved…
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The new policy grants immunity to the first individual who satisfies the immunity criteria and reports the misconduct to ASIC before an investigation has started. ASIC still encourages individuals who do not meet the criteria to cooperate and they will be given due credit. The regulator will not grant immunity from any administrative or compensation…
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Allegedly, between 15 July 2016 and 4 December 2017, the two brothers were involved in trading in stocks of the following companies: ARM Holdings plc Alternative Networks plc Punch Taverns plc Shawbrook plc HSN Inc Snyder’s Lance Inc The UK regulator said that the two brothers made profit from insider trading in the amount of…
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Fabio De Masi, one of the German lawmakers driving a parliamentary inquiry into the affair, commented: “The finance ministry saw no need to take action on insider trading at the supervisory authorities at the outset of the Wirecard scandal. There is still a need to apply stricter EU rules on insider trading to German authorities.…
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Erin Schneider, Director of the SEC's San Francisco Regional Office commented: We allege that the Bohras repeatedly and systematically used Amazon's confidential information for their own gain. Employees with access to confidential, potentially market-moving corporate information may not use that information to enrich themselves, their friends, or their families. The US regulator’s complaint charges all…
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