Senators Booker and Kim Slam Stock Trading Millionaire Politicians Like Mikie Sherrill, Call for Ban on Insider Trading in D.C.
Trenton, NJ – Senator Andy Kim publicly endorsed Congresswoman Mikie Sherrill for New Jersey governor, but this week, he posted a pointed criticism of elected officials who personally profit from stock trading…
Secaucus Teen Arrested for Trading Child Pornography
Secaucus, NJ – The Secaucus Police Department began investigating a tip regarding child sexual abuse material in September. The tip involved images and videos uploaded via Snapchat, X, and Telegram by a…
Pennsylvania Man Charged with Illegal Trading of Dick’s Sporting Goods Stock
PHILADELPHIA, PA — Frank T. Poerio Jr., a 62-year-old resident of Gibsonia, Pennsylvania, faces federal charges for securities fraud as announced by U.S. Attorney Eric G. Olshan. Poerio has been charged with…
These Members Of Congress Want To Ban Their Colleagues From Trading. They’re Still Buying And Selling Assets
Four members of Congress recently reported buying and selling financial assets, despite co-sponsoring a bill that would ban such trades, disclosures show. Democratic Reps. Mary Gay Scanlon of Pennsylvania, Jeff Jackson of…
China fund with US stocks halts trading to calm investor fever
SHANGHAI (Reuters) – A Shanghai-listed fund that holds U.S. stocks took the unusual step of suspending trading on Friday, saying it was necessary to protect investors after prices hit record levels in…
Inflows to spot bitcoin ETFs drop on second day of trading
(Reuters) – Fund inflows to exchange traded funds (ETFs) tied to the spot price of bitcoin dropped to about $200 million on the second day of trading after attracting $629 million on…
Former Goldman, Blackstone analyst pleads guilty to insider trading
By Jonathan Stempel NEW YORK (Reuters) – A former Goldman Sachs and Blackstone analyst admitted to an insider trading charge on Thursday, after prosecutors accused him of passing tips to two friends…
Analysis-US fintechs push into fixed-income trading as retail investor interest grows
By Hannah Lang (Reuters) – U.S. financial technology companies that popularized amateur stock trading are pushing into fixed income in a bid to capitalize upon growing retail investor interest sparked by soaring…
China’s yuan down on first trading day of 2024, policy easing eyed
SHANGHAI (Reuters) – China’s yuan eased against the dollar on the first trading day of the year on Tuesday, pressured by rising bets of monetary easing after factory activity reinforced the uneven…
Nigerian central bank lifts ban on crypto trading
LAGOS (Reuters) – Nigeria’s central bank has lifted a ban on transacting in cryptocurrencies, while saying global trends had shown a need to regulate such activities, the bank said in its latest…
Trading houses help Venezuela replenish fuel stocks under US license
By Marianna Parraga HOUSTON (Reuters) – Trading houses that emerged as early buyers of Venezuelan crude following an U.S. easing of oil sanctions in October are now supplying state company PDVSA with…
Ex-Apple lawyer sentenced to probation for insider trading
By David Thomas (Reuters) – Apple’s former top corporate lawyer will receive no prison time after pleading guilty last year to U.S. insider trading charges, a judge said on Thursday. U.S. District…
ICA grocery retailers in Sweden found guilty of insider trading
STOCKHOLM (Reuters) – A Swedish court on Wednesday found 16 people guilty of illegal insider trading linked to the 2021 acquisition offer for then-listed grocery company ICA Gruppen AB, sentencing some to…
Trading in Nvidia ETFs shows traders preparing for upbeat earnings
By Suzanne McGee (Reuters) – Trading volumes in leveraged ETFs tied to Nvidia on Tuesday showed many traders anticipate yet another upside earnings surprise and bullish outlook when the chipmaker reports quarterly…
Investors in thematic funds hurt returns by trading too frequently: Morningstar
By Bansari Mayur Kamdar (Reuters) – Investors in thematic funds cut their returns by nearly two-thirds through badly-timed trades, a report by Morningstar Manager Research showed. Funds that tend to focus on…
Google-parent Alphabet dissolves stake in trading app Robinhood
(Reuters) -Google-parent Alphabet said on Monday it had dissolved its stake in trading app operator Robinhood Markets. The disclosure comes months after Alphabet slashed its stake in the company by nearly 90%.…
Citi weighs shutting municipal-bond trading business – Bloomberg News
(Reuters) -Citigroup Chief Executive Officer Jane Fraser is weighing whether to shutter the bank’s municipal-bond trading and origination business, Bloomberg News reported on Friday. Citi’s senior executives in favor of closing it…
Chatham Man Pleads Guilty to Insider Trading Scheme
BOSTON – A Chatham man pleaded guilty today in federal court in Boston to securities fraud for trading on inside information about a Massachusetts semiconductor company’s planned acquisition of a California semiconductor…
Colombia’s Ecopetrol opens US trading unit in Houston
BOGOTA (Reuters) – Colombia’s majority state-owned oil company Ecopetrol has opened a marketing and trading subsidiary in the United States as it looks to build its client base in North America, it…
From Insider Trading To Racism Allegations, Elon Musk And His Companies Face A Mountain Of Legal Challenges
From Insider Trading To Racism Allegations, Elon Musk And His Companies Face A Mountain Of Legal Challenges Jason Cohen on October 7, 2023 Billionaire Elon Musk and his companies face a multitude…
Fed has yet to face final reckoning two years after trading scandal
By Michael S. Derby (Reuters) – Two years after the presidents of the Dallas and Boston Federal Reserve banks left their jobs amid revelations they had traded on financial markets while helping…
Crypto exchange Kraken to offer US-listed stocks’ trading – Bloomberg News
(Reuters) – Crypto exchange Kraken is planning to offer trading in U.S.-listed stocks and exchange-traded funds, Bloomberg News reported on Wednesday, citing a person familiar with the matter. Kraken will initially offer…
Goldman to pay $6 million to settle SEC charges over deficient trading data
(Reuters) – Goldman Sachs Group agreed to pay $6 million to settle U.S. Securities and Exchange Commission charges over providing deficient trading data, the regulator said in a statement on Friday. THE…
Ex-US congressman sentenced to 22 months for insider trading
(Reuters) – Former U.S. Congressman Stephen Buyer was sentenced to 22 months in prison on Tuesday for trading on inside information he learned in 2018 as a consultant to T-Mobile US Inc…
Demand in focus as UK homebuilders set to brief markets on recent trading
(Reuters) – Investors in British housing stocks will be eager to glean insights on demand and selling prices as some of the country’s top homebuilders start issuing earnings reports or trading updates…
NYSE suspends trading of WeWork warrants, to start delisting them
(Reuters) – The New York Stock Exchange (NYSE) has suspended trading in WeWork’s warrants due to “abnormally low” trading price levels and will initiate proceedings to delist them, the flexible workspace provider…
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