‘Enforcement 40’ for 2020
Our Sponsors
Join Us On LinkedIn
Join the Securities Litigation and Enforcement Group on LinkedInSix Charged in Silicon Valley Insider Trading Ring
According to the SEC’s complaint, Nathaniel Brown, who served as the revenue recognition manager for Infinera Corporation, repeatedly tipped Infinera’s unannounced quarterly earnings and financial performance to his best friend, Benjamin Wylam, from April 2016 until Brown left the company in November 2017. The SEC’s complaint alleges that Wylam, a high school teacher and bookmaker, […]
Brooklyn Man Charged in Long-Running International Insider Trading Scheme | USAO-EDNY | Department of Justice
According to the indictment, between November 2015 and October 2020, Peltz and his co-conspirators engaged in a fraudulent scheme by which they obtained MNPI about publicly traded companies from a variety of sources, including a corporate insider and a reporter at a financial news organization (the “Reporter”). Peltz and his co-conspirators allegedly used the MNPI […]
The Sure Thing podcast: ‘It was just chaos’: The day police cracked an $8 million scam
One of the men behind Australia’s biggest insider trading case has broken his silence, detailing his role in a heist of almost $8 million involving secret accounts, betrayal and a police chase resembling a mafia sting. Christopher Hill, who worked at the Australian Bureau of Statistics at the time, and passed confidential information to NAB […]
Former Goldman Sachs analyst and brother charged with insider dealing | Financial Conduct Authority | The Guardian
Two brothers who worked at Goldman Sachs and leading City law firm Clifford Chance have appeared in court charged with insider dealing and fraud. Mohammed Zina, 32, who worked as an analyst at Goldman Sachs, and his brother Suhail Zina, 33, who worked as a solicitor at Clifford Chance, appeared at Westminster magistrates court on […]
It’s Time for Senators, House Members to Divest Stocks in Individual Publicly Traded Companies
Members of Congress over the years have introduced bills that would prohibit senators, representatives, and their senior staff from owning securities of individual publicly traded companies. Neither the House nor the Senate has passed such a law. As we urged in a letter we sent to House and Senate leadership recently , Congress should do […]
Dystopian Future Securities Fraud – Bloomberg
So we have talked about allegations that Senator Richard Burr did something wrong when he dumped stocks after receiving Intelligence Committee briefings about the coronavirus in February. There was a factual dispute about what secret information Burr did or did not receive in those briefings, and about whether or not he traded based on it, […]
First the Cyberattack Hits. Then the Insider Trading. | Institutional Investor
When companies get hacked, do their own employees and informed outsiders use that information in trading before the breach is disclosed? The answer is yes, according to our latest research. Source: First the Cyberattack Hits. Then the Insider Trading. | Institutional Investor
Critics outraged, Republicans silent as Trump pardons ex-Rep. Chris Collins | buffalonews.com
President Trump on Tuesday pardoned former Rep. Chris Collins, who was imprisoned in October after pleading guilty to felony insider trading charges. The early evening pardon prompted outrage from Collins’ critics and dead silence from Trump’s fellow Republicans. “Today, President Trump granted a full pardon to Chris Collins, at the request of many Members of […]
Pair convicted of insider trading lose appeal – FTAdviser.com
A former UBS compliance officer and her family friend have had their appeals against insider trading convictions quashed by the court. In June last year Fabiana Abdel-Malek and Walid Choucair were each convicted of five offences of insider dealing and sentenced to three years in prison at Southwark Crown Court. The case was brought by the Financial Conduct Authority […]
SEC Charges Former Controller of Now-Bankrupt Company with Insider Trading
The Securities and Exchange Commission today charged Edward T. Kelly, the former Controller of Aceto Corporation, with insider trading. According to the SEC’s complaint, after Kelly retired from Aceto in March 2018, the company formally retained him as a consultant to assist in closing Aceto’s books for the quarter ending March 31, 2018. While working […]