Tag: insider trading

ASIC
September 11, 2020 BY Steffy Bogdanova

Insider trader sent to prison for three years for trading in Big Un shares

Throughout the course of the investigation, Ho co-operated with ASIC, participated in voluntary interviews and provided documents. Ho also formally admitted to the offences and the facts regarding them. In recognition of this co-operation, Ho’s sentence was reduced by half. ASIC Deputy Chair Daniel Crennan QC commented: ASIC will take strong action against market misconduct…

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Former CEO of Sirtex Medical, Gilman Edwin Wong sentenced for insider trading
June 04, 2020 BY Steffy Bogdanova

Former CEO of Sirtex Medical sentenced for insider trading

In October 2016 Wong having inside information on Sirtex’s sales sold 74,968 Sirtex shares and gained more than $2 million. Later in 2016, Sirtex released a Trading Update on the ASX devaluing the growth forecasts for the 2017 financial year. The opening price of Sirtex shares fell to $13.01 after the announcement, a decrease of…

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insider trading
August 13, 2019 BY Valentina Kirilova

Investment banking analyst charged with insider trading

The Securities and Exchange Commission (SEC) has yesterday charged an analyst at an international investment bank with insider trading. According to the SEC, Bill Tsai, a junior investment broker, had a confidential information about Siris Capital Group's plans to acquire Electronics for Imaging, Inc. (EFII). Tsai was working from the bank's New York office. Knowing…

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asic charges
June 25, 2019 BY Valentina Kirilova

Hacker jailed for insider trading

Australian regulator ASIC announced earlier today that IT consultant Steven Oakes has been sentenced to a total effective sentence of 3 years imprisonment. He will, however, be released after serving 18 months of the term of imprisonment, on his own recognisance to be of good behaviour for 18 months. The hacker was pleading guilty to…

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insider trading
February 14, 2019 BY Valentina Kirilova

Former senior Apple attorney charged with insider trading

The US Securities and Exchange Commission (SEC) yesterday opened insider trading charges against a former senior Apple Inc.(NASDAQ:AAPL) attorney named Gene Daniel Levoff. According to SEC charges, Levoff was responsible for implementing Apple’s insider trading compliance measures when he used his position to buy Apple shares before quarterly earnings releases. Levoff served as Apple’s company…

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insider trading
November 15, 2018 BY Valentina Kirilova

SEC settles insider trading claims against former CEO of Advanced Medical Optics

The Securities and Exchange Commission (SEC) has announced that it has agreed to resolve its insider trading claims against James V. Mazzo, the former Chairman and Chief Executive Officer of Advanced Medical Optics, Inc. (AMO) for allegedly tipping information about his company's acquisition to his close personal friend, former professional baseball player Douglas V. DeCinces.…

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insider trading
September 26, 2018 BY Valentina Kirilova

Former CEO of Sirtex Medical Limited charged with insider trading

Mr Gilman Edwin Wong, the former Chief Executive Officer and director of Sirtex Medical Limited, appeared yesterday at the Downing Central Local Court in Sydney charged with one count of insider trading under the Corporations Act, Australian regulator ASIC informed earlier today. ASIC alleges that Mr Wong was in possession of inside information, concerning Sirtex’s…

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insider trading
August 30, 2018 BY Valentina Kirilova

Professional football player and former investment banker charged with insider trading

The Securities and Exchange Commission (SEC) has announced that it has charged a professional football player and a former investment banker with insider trading in advance of corporate acquisitions facilitated through coded text messages and FaceTime conversations. The SEC alleges that after meeting at a party, Mychal Kendricks began receiving illegal tips from Damilare Sonoiki,…

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insider trading
August 21, 2018 BY Valentina Kirilova

Former director of mining company found guilty of insider trading

Australian regulator ASIC has announced that Mr Darren James Lind, aged 47 of Brighton, South Australia, has been found guilty of two charges of insider trading in shares of ASX listed mining exploration company Minotaur Exploration Ltd (Minotaur). The verdict follows a two week trial before Judge Tracey in the District Court of South Australia.…

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insider trading
August 09, 2018 BY Valentina Kirilova

SEC charges U.S. Congressman with insider trading

The Securities and Exchange Commission (SEC) has announced the filing of insider trading charges against Congressman Christopher Collins, the U.S. Representative for New York’s 27th Congressional District, his son, Cameron Collins, and a third individual, Stephen Zarsky. In a parallel action, the U.S. Attorney’s Office for the Southern District of New York today announced related…

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