Insider Trading

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Sep 18, 2017

Equifax Executives’ Stock Sell-Off: Adding Insult to Injury?

By |September 18th, 2017|Insider Trading, Legal Matters|

The bad headlines continue to roll in for Equifax, the credit reporting giant currently at the center of an investigation into a massive data breach which compromised sensitive personal data of 143 million Americans, potentially subjecting them to a lifetime threat of identity theft. As the reader is likely aware, Equifax has recently been in the [...]

Jun 16, 2016

FDA Official And Hedge Fund Managers Charged In Securities Scheme

By |June 16th, 2016|Conspiracy, Fraud, Hedge, Bond & Mutual Funds, Insider Trading, Press Releases & News, SEC, Securities Law Violations, Wire Fraud|

According to federal prosecutors, two hedge fund managers--Sanjay Valvani and Christopher Plaford-- conspired with a former U.S. Food and Drug Administration official--George Johnston, who had access to insider information on the fate of generic drug candidates--to profit by committing securities fraud. While employed as Visium Asset Management hedge fund managers, Valvani and Plaford executed stock [...]

Dec 18, 2015

Canarsie Capital Founder Pleads Guilty To Fraud, Lost $57M In Two Weeks

By |December 18th, 2015|Fraud, Hedge, Bond & Mutual Funds, Insider Trading, Misrepresentation and Fraud, Press Releases & News, SEC, Securities Law Violations|

Owen Li, founder of Canarsie Capital, managed to lose $57 million in only two weeks, leaving his investors with only $200,000 and a letter of apology. Li is now also a convicted felon after admitting that he lied to investors and regulators about his hedge fund's performance. He managed to do all of this before [...]

Oct 27, 2015

FanDuel, DraftKings Accused Of “Insider Trading”

By |October 27th, 2015|Insider Trading, Press Releases & News|

FanDuel and DraftKings, the two major daily fantasy sports websites, have been accused of insider trading, raising questions as to whether the increasingly lucrative daily fantasy sports world should face more regulatory scrutiny. This month, a DraftKings employee admitted to accidentally releasing NFL data before the start of the third week of NFL games. That [...]

Aug 20, 2015

Hedge Fund Manager Acquitted Of Inside Trading

By |August 20th, 2015|Atlanta, Georgia, Hedge, Bond & Mutual Funds, Insider Trading, Press Releases & News, Securities Law Violations|

A federal jury in Atlanta acquitted Steven E. Slawson, a New Jersey hedge fund manager, who had allegedly made illicit profits from sneak previews of financial results of Carter's Inc., an Atlanta-based clothier, before they were released. He was acquitted of thirty-four counts of insider trading. “This case was another example of the government overreaching [...]

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