Daily Archives: November 21, 2008, 11:59 pm

Best of Securities Docket’s Twitter Feed for Nov. 21, 2008

Somali Pirates in Discussions to Acquire Citigroup. http://tinyurl.com/55poma # Report: Mel Lifshitz Settles Tax Charges, Agrees to Stop Practicing Law. http://tinyurl.com/6zdtn2 # Trinidad and Tobago SEC completes first EVER formal insider trading investigation. Decides not to proceed. http://tinyurl.com/5rsw4r # Whoa…man convicted in Australia for hurling girlfriend off cliff because she knew about his insider trading. http://tinyurl.com/5bejax # Does Early Access…

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Trinidad & Tobago: T&T SEC Completes First Ever Formal Insider Trading Investigation

The Trinidad and Tobago Securities and Exchange Commission is now on the scoreboard, having completed its first ever formal insider trading investigation under its Securities Industry Act, Caribbean360 reports.  Looking into allegations that Mexican company CEMEX used unpublished price sensitive information in two attempts to gain a controlling interest in Trinidad Cement Limited in 2002, the T&T SEC said that…

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US Attorney Charges Six With Stealing From Securities Class Action Settlement Funds

Six people were charged yesterday with an alleged scheme to use dummy corporations, fake brokerage accounts, and virtual offices to steal $41 million from securities class action settlement funds. The Philadelphia Inquirer reports that Laurie Magid, Acting U.S. Attorney for the Eastern District of Pennsylvania, announced that “the ring, which also included a lawyer, went to great lengths to make…

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