On 14 May 2020, Thai SEC fined two individuals for insider trading. Thai SEC fined two individuals for the use of inside information about Noble company. The offenders must pay a civil fine, return benefits gained and compensate Thai SEC. Mr. Kittithanakit Amnuay disclosed internal information about the company and is fined Thb 635,000, Mr.…
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SEC Pirrello Liable Insider Trading
On Aug. 14, SEC announced broker found liable of insider trading. New Jersey securities broker Raymond J. Pirrello, Jr. found liable for insider trading. Jury found Pirrello liable, violated SEA S.10(b) and 14(e) and Rules 10b-5 and 14e-3. Alleged Violations Pirrello received highly confidential nonpublic information as to the impending acquisitions of Radiant Systems Inc.,…
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SEC GS Banker Insider Trading
On May 31, SEC charged Goldman banker in insider trading scheme. SEC charged Woojae Steve Jung, VP at major investment bank with insider trading. Allegations Repeatedly used access to confidential information for illicit and profitable trades. Information obtained as investment banker on material events for 12 companies. Proceeded to trading companies' securities from 2015 -…
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SEC Insider Trading Settlement
On May 7, SEC settled in a case of insider trading worth $250k. Brian Fettner traded on confidential information taken from a lifelong friend. Alleged Violations While a guest at his friend’s house Fettner surreptitiously viewed confidential information re a pending corporate acquisition of G&K Services Inc. by Cintas. Using this information and without telling…
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SEBI Insider Trading Disclosure
On Apr. 2, 2019, NSE clarified that trading restriction period is required to commence not later than end of every quarter till 48 hours after the declaration of financial results. Trading window shall be closed when compliance officer determines that a designated person can reasonably be thought to have unpublished price sensitive information.
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SEBI Insider Trading Disclosure
On Dec. 31, 2018, SEBI issued (prohibition of insider trading) (amendment) regulations. The amended rules are effective from Apr. 1, 2019.
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