The U.S. Securities and Exchange Commission plans to file civil charges against Dow Jones board member David Li over an insider trading probe linked to News Corp's bid for the media company, the Wall Street Journal reported on Wednesday.
The U.S. Securities and Exchange Commission plans to file civil charges against Dow Jones board member David Li over an insider trading probe linked to News Corp.'s bid for the media company, the Wall Street Journal reported on Wednesday.
Warner Music chief executive Edgar Bronfman Jr. was questioned by a Paris court last week as part of an inquiry into alleged insider trading at Vivendi Universal (now Vivendi SA) in 2002, French daily Les Echos reported, citing sources close to the matter.
Three former Countrywide Financial executives agreed to plead guilty to charges they conducted insider trading in shares of the large U.S. mortgage lender, and each reaped tens of thousands of dollars in illegal profits, federal prosecutors said.
Police raided the offices of Germany's Air Berlin as part of an investigation into claims of insider trading ahead of its acquisition of rival dba last year, the carrier said Tuesday.
In court documents filed in New York, the SEC alleged that Barclays and Steven Landzberg, the former head proprietary trader for Barclays' U.S. distressed debt desk, illegally traded millions of dollars of bond securities between March 2002 and September 2003.
The French co-chairman of Airbus parent EADS, Arnaud Lagardere, was questioned for nine hours by stock market regulators as part of an inquiry into alleged insider trading, French media reported Wednesday.
Talk about partners in crime. In a bizarre turn of events, three married couples have been accused this week in separate insider trading cases. Although the cases involve different stocks and different circumstances, all involved couples allegedly using non-public information to trade in stocks. And in two of the cases, the wife allegedly passed inside information on to the husband.
Randi Collotta, 30, a former employee of Morgan Stanley in Manhattan, and her husband, Christopher Collotta, 34, who worked in private practice, were among 13 people criminally charged in the case.
There is a reason why SEC chairman Chris Cox has been on a jihad of late against possible insider trading. And it isn't just suspicious options activity around some big deals like Rupert Murdoch's bid for Dow Jones or the TXU offer. Even some smaller deals are lending some credence to those who say that insider trading is much more prevailant than most people realize.
U.S. regulators accused a husband and wife in Hong Kong of insider trading stemming from their purchases of Dow Jones shares prior to News Corp.'s $5 billion takeover bid.
The U.S. Securities and Exchange Commission on Thursday charged a Wall Street investment banker with leaking confidential information about pending merger agreements, including a deal involving Texas utility giant TXU Corp.
SEC Commissioner Paul Atkins told CNBC's Melissa Lee that the federal regulatory agency should focus on mutual funds and insider trading--not hedge funds.In a taped interview aired on "Squawk Box," Atkins called efforts to regulate hedge funds “not the wisest effort” A Congressional hearing on the issue is scheduled to begin Tuesday in Washington.
Federal regulators on Friday charged that unknown individuals illegally profited from advance knowledge of the proposed $32 billion buyout of electric utility TXU using foreign brokerage firms for the transactions to conceal their identities.
The Securities and Exchange Commission accused 14 individuals--including employees at two big brokerage firms--of insider trading, claiming they used tip-offs of upcoming analyst upgrades or corporate acquisitions that netted at least $15 million.
As CNBC.com reported earlier today, the U.S. Securities and Exchange Commission is investigating whether or not some Wall Street banks are leaking privy information from one client to gain favor with another. But is this illegal? Depends upon whom you talk to.
A former analyst at Merrill Lynch was sentenced to 37 months in prison for his part in a sprawling scheme that involved information from investment bankers and leaked copies of a market-moving magazine.