Rong Chen, 50, of Rancho Palos Verdes, a high-ranking official at Hong Kong investment firms, including a bank, made $267,000 by illegally trading through his wife’s account on inside tips about Chinese companies, the SEC claims in a federal complaint.
Read moreThe SEC brought a federal complaint Wednesday against Cleveland Browns linebacker Mychal Kendricks, saying he made $1.2 million with inside tips and kicked back some of the profits to former investment banker Damilare Sonoik.
Read moreSteven Fishoff led a “serial insider-trading scheme” with his Featherwood Capital Inc. and others that made more than $5.5 million, the SEC claims in a federal complaint.
Read moreThe indictment of Rep. Chris Collins on insider trading charges is drawing new attention to the freedom members of Congress have to serve on corporate boards or to buy and sell stock in industries they’re responsible for overseeing.
Read moreNew York Republican Congressman and early Trump supporter Chris Collins was charged Wednesday with securities fraud, wire fraud and false statements.
Read moreThe SEC claims Richard T. Cunniffe, 63, of Medford, N.Y., a securities trader, made $1.1 million by trading on inside information he got from nonparties Robert K. Stewart, 63, a New York CPA; and Stewart’s son Sean R. Stewart, 33, an investment banker, in federal court.
Read moreThe Securities and Exchange Commission claims the former head of a New Jersey payment processing firm gave his girlfriend $1 million to buy company stock ahead of a merger announcement, netting the pair more than $250,000 in profits.
Read moreArrested in California before being charged in New York, a Goldman Sachs vice president faces civil and criminal accusations that he had a dirty dozen of companies whose nonpublic information he traded.
Read moreBovorn Rungruangnavarat, of Bangkok, and his brother made $3.8 million trading on inside information from an investment banker that Smithfield Foods was about to be purchased by Shuanghui Holding International at 31 percent over market prices, the SEC claims in a federal complaint.
Read moreA federal grand jury on Wednesday indicted a former Equifax executive on charges of insider trading stemming from his sale of nearly $1 million in shares before the company’s massive data breach was revealed to the public.
Read moreFederal prosecutors in Orange County, Calif., told a judge Tuesday that they want to put a CEO on trial a third time on charges he passed insider stock tips to former baseball star Doug DeCinces.
Read moreA federal judge declared a mistrial Wednesday after the jury deadlocked on whether a Southern California CEO gave insider trading tips about his company’s merger to retired Major League third baseman Doug DeCinces.
Read moreThe defense attorney for a Southern California CEO accused of insider trading told a federal jury Wednesday that the prosecution’s theory of the case makes no sense — and the prosecutor responded that the defense explanation is ridiculous.
Read moreA federal prosecutor told jurors Tuesday that a CEO charged with insider trading lied when he denied tipping former Orioles third-baseman Doug DeCinces to confidential information that his company, Advanced Medical Optics, would soon be acquired for a high price.
Read moreThe Ninth Circuit affirmed denial of summary judgment Wednesday to First Solar Inc. and its directors, whom shareholders accused of insider trading to reap hundreds of millions of dollars before the share price took a nosedive when defects in the company’s solar panels were disclosed.
Read moreConvicted of insider trading last year, baseball star Doug DeCinces on Thursday acknowledged that by not coming clean earlier he allowed a close friend to be wrongfully convicted and left three more friends to face federal charges he could have prevented.
Read moreFormer baseball star Doug DeCinces admitted to a federal jury Wednesday that he bought thousands of shares of a medical device company based on confidential information from its CEO that the company was about to be acquired for more than twice the price its shares were bringing.
Read moreEight months ago, a federal jury convicted former Orioles and Angels third baseman Doug DeCinces of insider trading, but deadlocked on whether former CEO James Mazzo fed him the information on which he traded. On Wednesday Mazzo went to trial again, and DeCinces is lined up to testify against him.
Read moreEquifax’s board said Friday that four executives’ stock sales that occurred in the weeks after the company suffered a historic data breach, but before that breach was made public knowledge, did not constitute insider trading.
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