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…
Russian bonds trading volumes shrivel as sanctions bite
LONDON – Trading volumes in Russian bonds evaporated on Monday after Western nations stepped up sanctions in the wake of Moscow’s invasion of Ukraine, data from trading platform Marketaxess showed on Tuesday.…
Rouble-crypto trading soars as sanctions hit Russian currency
By Tom Wilson LONDON – Trading volumes between the Russian rouble and the Tether cryptocurrency spiked sharply on Monday as the local currency tumbled to a record low on Western sanctions, data…
Moscow Exchange suspends trading on all markets
MOSCOW – The Moscow Exchange said on Thursday morning it had suspended trading on all markets. The exchange will announce the resumption of trading at a later date, it said. (Reporting by…
Fed Approves Rules Banning Members From Trading Stocks, Bonds
The Federal Reserve formally adopted new rules Friday restricting the central bank’s senior officials’ ability to trade stocks, bonds and currencies. The rules, which were introduced in October 2021, prohibit senior Fed…
Explainer-Regulators are probing block trading on Wall St, but what is a block?
– The U.S. Securities and Exchange Commission is investigating whether certain banks may have broken the rules by tipping off hedge funds ahead of large sales of shares, or “block trades,” a…
Regulators probe block trading at Wall Street banks, hedge funds- WSJ
– Federal investigators have launched a probe into block trading at Wall Street hedge funds and banks including Morgan Stanley and Goldman Sachs Group Inc, the Wall Street Journal reported, citing people…
Exxon Mobil expands oil futures, products trading in Europe
By Julia Payne LONDON – Exxon Mobil is injecting new cash into oil trading in Europe after a retreat on its ambitious expansion plans last year, three people with knowledge of the…
‘Bullsh*t’: Democratic Rep Elaine Luria Doesn’t Like Proposed Congressional Stock Trading Ban
Virginia Democratic Rep. Elaine Luria called the push to ban lawmakers’ from trading stocks “bullshit,” saying that it fed a false narrative that members of Congress are “inherently bad or corrupt,” Punchbowl…
Taiwan lifts forex trading punishment on Deutsche -sources
TAIPEI – Taiwan’s central bank has allowed Deutsche Bank to start trading Taiwan dollar deliverable and non-deliverable forwards again, three sources told Reuters, after it suspended them as part of a crackdown…
Samsung, Blue Ocean launch U.S. stock trading during South Korean business hours
By John McCrank NEW YORK – Asian investors can now buy and sell U.S. stocks during Korean business hours in real time through a partnership between Samsung Securities and U.S.-based off-exchange trading…
Investor-focused social media firm Stocktwits rolls out crypto trading
By Medha Singh – Stocktwits.com, one of the social media sites at the heart of last year’s retail trading mania, launched a crypto trading platform on Thursday, looking to tap into the…
Canada’s Wealthsimple aims for real-world cryptocurrency use as it looks beyond trading
By Nichola Saminather TORONTO – Canadian online brokerage Wealthsimple wants to chart a future enabling the real-world use of cryptocurrencies rather than simply facilitating trading, but is likely to face unexpected costs…
Analysis-Robinhood shares stumble as trading frenzy wanes, regulators circle
By Hannah Lang – Robinhood Markets Inc became a household name ahead of its stellar IPO last year, when retail investors used its trading app to drive shares of GameStop and other…
Analysis-Will the games stop? SEC mulls crackdown on trading apps
By Katanga Johnson WASHINGTON – A year after the “meme stock” rally humbled hedge funds and roiled Wall Street, U.S. regulators are studying ways to crack down on psychological prompts used by…
Needham Police Officer and Two Others Arrested for Insider Trading Scheme
BOSTON – Three men were arrested today for allegedly conspiring to trade on inside information about a Massachusetts company’s planned acquisition of a California semiconductor company. David Forte, 58, of Acton; John…
Federal Indictment Charges Chicago Attorney With Insider Trading
CHICAGO — A Chicago attorney used insider information obtained from a friend to purchase shares of an education-technology company before it publicly announced strong quarterly earnings, according to an indictment returned in…
McCarthy Considers Banning Lawmakers From Trading Stocks If Republicans Retake House Majority
Minority Leader Kevin McCarthy is reportedly considering limiting or barring lawmakers’ ability to hold and trade stocks and equities if Republicans retake the House majority in November. McCarthy told Punchbowl News that…
POLL: Overwhelming Majority Of Americans Say Lawmakers Should Be Banned From Trading Stocks
The majority of Americans believe members of Congress should be banned from trading stocks while in office, according to a new poll. Among a sample of Americans likely to vote in general…
Two Florida Men Indicted in Insider Trading Scheme
BOSTON – Two Florida men were indicted today in connection with their alleged roles in a multi-million-dollar insider trading scheme. Kris Bortnovsky, a/k/a “Kris Bort,” 40, of Surfside, Fla., and Ryan Shapiro,…
Milford Man Sentenced to 6 Years in Federal Prison for Trading Child Sex Abuse Images on the Internet
Leonard C Boyle, Acting United States Attorney for the District of Connecticut, announced that ROBERT C. HARRINGTON, 55, of Milford, was sentenced today by U.S. District Judge Janet C. Hall in New…
Chicago Physician Charged With Insider Trading
CHICAGO — A Chicago physician used insider information to purchase shares of a California-based biotechnology company before it publicly announced positive results from a clinical trial of an experimental cancer drug, according…
Russian National Extradited for Role in Hacking and Illegal Trading Scheme
BOSTON—A Russian national has been extradited to the United States from Switzerland to face charges relating to his alleged involvement in a global scheme to trade on non-public information stolen from U.S.…
Former Analyst Pleads Guilty To Securities Fraud For Committing Insider Trading By Front-Running Employer’s Pending Trades
Damian Williams, the United States Attorney for the Southern District of New York, announced today that SERGEI POLEVIKOV, a former analyst employed by an asset management firm, pled guilty to one count…
Trader Indicted for Commodities Insider Trading Scheme
A federal grand jury in Houston returned an indictment on Dec. 7 charging a natural gas trader for an insider trading scheme involving natural gas futures. According to court documents, Peter Miller,…
Two Florida Men Arrested and Charged in Insider Trading Scheme
BOSTON – Two Florida men were arrested today in connection with their roles in an alleged insider trading scheme that generated at least $4 million in profits. Kris Bortnovsky, a/k/a “Kris Bort,”…
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