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…
Latest meme stock Revlon surges more than 50% in heavy trading
By David Randall NEW YORK – Nail polish maker Revlon Inc continued its surge as the latest so-called meme stock riding a wave of retail investor interest as the stock gained more…
Former Head of Corporate Communications of $21 Billion Biopharmaceutical Company Admits Insider Trading
NEWARK, N.J. – The former head of corporate communications for a biopharmaceutical company today admitted her role in an insider trading scheme, U.S. Attorney Philip R. Sellinger announced. Lauren S. Wood, 33,…
HKMA buys HK$9.255 billion from market as currency hits weak end of trading band
HONG KONG – Hong Kong’s de-facto central bank bought HK$9.255 billion ($1.18 billion) from the market in New York trading hours to stop the local currency weakening and breaking its peg to…
Former Employee of PA-Based Gaming and Casino Company Charged with Insider Trading
PHILADELPHIA – United States Attorney Jennifer Arbittier Williams announced that David Roda, 36, of Philadelphia, PA, was charged by Criminal Information with insider trading. The defendant was an employee of Penn Interactive,…
CFTC eyes potential oversight of cryptocurrencies, carbon trading – commissioner
By Gary McWilliams HOUSTON – Cryptocurrency developers and U.S. lawmakers are moving toward putting the Commodity Futures Trading Commission in charge of regulating digital currencies, said CFTC Commissioner Summer Mersinger. The designation…
Trading firms Citadel Securities, Virtu building crypto-trading ecosystem- source
NEW YORK – Trading firms Citadel Securities and Virtu Financial Inc are collaborating on a cryptocurrency trading “eco-system” that will enable retail brokerages to offer crypto-executions to their customers, according to a…
Singapore trading platform recognises crypto assets of accredited investors
By Anshuman Daga SINGAPORE – Singapore-based private securities platform ADDX said it has become the first financial firm in the city-state to recognise cryptocurrency in their assessment of assets of high-net worth…
Exclusive-Rosneft appoints Mandarin speaker to lead company’s global trading – sources
(Reuters) – Rosneft appointed a Mandarin-speaker to head global trading operations, six sources told Reuters on Thursday as Russia’s top oil producer seeks to deepen ties with Asia after Western sanctions forced…
Former Employee Of NFT Marketplace Charged In First Ever Digital Asset Insider Trading Scheme
Damian Williams, the United States Attorney for the Southern District of New York, and Michael J. Driscoll, Assistant Director-in-Charge of the New York Field Office of the Federal Bureau of Investigation (“FBI”),…
California Executive Compensation Consultant Charged In Insider Trading Scheme
Damian Williams, the United States Attorney for the Southern District of New York, and Michael J. Driscoll, Assistant Director-in-Charge of the New York Field Office of the Federal Bureau of Investigation (“FBI”),…
Global gas crunch claims first Australian trading casualty
By Sonali Paul MELBOURNE – A gas seller that supplied 7% of the eastern Australian market has collapsed due to soaring global gas prices, the first significant casualty in the country from…
ECB to force UK-based investment banks to relocate staff, trading
FRANKFURT – Too many global investment banks continue to serve euro zone clients out of London and the European Central Bank plans to force them to relocate senior staff and trading activity…
Daily FX trading volumes reach $1.86 trln in April, up 5% – CLS
LONDON – Average daily foreign exchange trading volumes in April hit $1.86 trillion, 5% higher than a year earlier as volatility shot higher and investors bought and sold more in spot and…
Saudi bourse’s quarterly profit falls on lower trading services, listing fees
DUBAI – Saudi Tadawul Group, the kingdom’s stock exchange operator, posted a 21.7% decline in first quarter net profit on Sunday on a slowdown in trading services and listing fees. The bourse…
CEO Of Cryptocurrency And Forex Trading Platform Charged With Fraudulent Scheme Involving Over $59 Million
Damian Williams, the United States Attorney for the Southern District of New York, and Michael J. Driscoll, Assistant Director-in-Charge of the New York Field Office of the Federal Bureau of Investigation, announced…
Former Chief Financial Officer of $21 Billion Biopharmaceutical Company Indicted for Insider Trading
NEWARK, N.J. – The former chief financial officer for a biopharmaceutical company was indicted today for his role in an insider trading scheme, U.S. Attorney Philip R. Sellinger announced. Usama Malik, 47,…
Former Immunomedics CFO indicted for insider trading over tips to girlfriend
By Jonathan Stempel (Reuters) – A former chief financial officer of a New Jersey biotechnology company has been indicted for insider trading after allegedly giving his girlfriend nonpublic information about clinical trial…
General Atlantic leads $105 million funding in crypto trading platform Talos
(Reuters) – Digital asset trading platform Talos said on Tuesday it has raised $105 million in an early-stage funding round led by U.S. private equity firm General Atlantic, taking the company’s valuation…
Idaho I.T. Professional Charged With Misappropriating Pre-Publication Investment Recommendations For Insider Trading Scheme
Damian Williams, the United States Attorney for the Southern District of New York, and Michael J. Driscoll, Assistant Director-in-Charge of the New York Field Office of the Federal Bureau of Investigation (“FBI”),…
eBay’s Authenticity Guarantee Now Includes Graded Trading Cards Through Partnership with PSA
‘Authenticity Guarantee’ service expands to include graded collectible card games and sports trading cards sold on eBay for $2,000+ SAN JOSE, Calif., May 2, 2022 — eBay, a global commerce leader that…
Munger says retail trading firm Robinhood getting comeuppance
OMAHA, Neb. – Berkshire Hathaway’s vice-chairman Charles Munger said on Saturday that retail broker Robinhood Markets Inc, which is trading near a record low, was getting its comeuppance. After a peak in…
Israeli Corporate Lawyer Charged In Insider Trading Scheme
Damian Williams, the United States Attorney for the Southern District of New York, and Michael J. Driscoll, Assistant Director-in-Charge of the New York Field Office of the Federal Bureau of Investigation (“FBI”),…
Australia’s CBA rebuffs reports of partnership with crypto trading platform
(Reuters) – Commonwealth Bank of Australia warned of a fake news article doing rounds on social media platforms alleging the country’s No. 1 lender to have partnered with a cryptocurrency trading platform…
U.S. banks’ commodity trading exposures rise on Russia conflict
By Matt Scuffham NEW YORK – Wall Street banks’ commodities trading exposures are rising, which could leave them vulnerable to large swings in asset values following Russia’s invasion of Ukraine, first quarter…
Activision cooperating with federal insider trading probes – filing
(Reuters) – Activision Blizzard is cooperating with federal investigations into trading by friends of its chief executive shortly before the gaming company disclosed its sale to Microsoft Corp, it said in a…
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