Daily Archives: May 12, 2017, 2:40 pm

Former Angels star Doug DeCinces found guilty in insider trading deal that netted him $1 million-plus – Orange County Register

A former Angel star was convicted Friday of insider-trading charges, as prosecutors alleged that non-public information the ex-ballplayer received from a CEO friend netted him more than $1 million in investments. Former Orioles and Angels third baseman Doug DeCinces was accused of receiving insider information from James Mazzo, a Laguna Beach neighbor of DeCinces who owned Advanced Medical Optics. He…

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Former Portfolio Manager Mathew Martoma Once Again Appeals Insider Trading Conviction | Business | indiawest.com

An attorney May 9 asked an appeals court in New York to reverse the 2014 insider trading conviction of Indian American Mathew Martoma, in the ex-portfolio manager’s second appeal. Martoma, who is serving a nine-year prison sentence following his conviction on securities fraud and conspiracy charges in one of the most lucrative schemes ever, is hoping that the 2nd U.S.…

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SEC charges law firm partner in $1 million insider trading scheme – LeapRate

The SEC alleges that Walter C. Little accessed confidential documents on his law firm’s internal computer network related to at least 11 impending announcements involving law firm clients, none of which he personally advised or billed for services. Little then allegedly traded in advance of each announcement and often tipped his neighbor Andrew M. Berke with material nonpublic information so…

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