The United States Financial Industry Regulatory Authority (FINRA) has announced that it has barred former equity trader Kenneth Allen from the securities industry for trading shares in Tokyo Stock Exchange-listed Tokyo Electric Power Company (TEPCO) after learning that the company was "close to announcing a secondary public offering of its securities".
The United States Federal Bureau of Investigation (FBI) and the US Attorney's Office (USAO) for the Northern District of Georgia has announced that two former executives of infant and children's clothing company Carter's and a New York-based hedge fund manager have been sentenced to imprisonment for insider trading offences involving Carter's stock.
The United States Securities and Exchange Commission (SEC) has announced that five individuals including former vitamin company NBTY director Glenn Cohen have agreed to pay a total of more than US$500,000 to settle charges (22 May 2014) of insider trading.
Matthew Teeple, a former analyst at hedge fund Artis Capital Management, has pleaded guilty in the United States District Court for the Southern District of New York to insider trading charges and agreed to forfeit US$553,890.
The United States (US) Securities and Exchange Commission (SEC) has announced that Lawson Software co-chairperson Richard Lawson, together with his brother William Lawson and friend John Cerullo have agreed to pay approximately US$5.8 million to settle insider trading charges. According to the SEC, Mr William Lawson and Mr Cerullo acted on non-public information received by Mr Richard Lawson by selling a total of approximately 1.175 million shares in Lawson Software amid public speculation that the company would be sold to one of multiple bidders.
The Australian Securities and Investments Commission (ASIC) and the Australian Federal Police (AFP) have jointly announced that an AFP-ASIC joint operation has resulted in the restraining of approximately A$7 million in suspected profit from insider trading activity, and the arrest of an Australian Bureau of Statistics (ABS) employee and a National Australia Bank Group (NAB) employee.
Prosecutors from the US Department of Justice (DoJ) have travelled to London to conduct joint interviews with the United Kingdom's (UK) Financial Conduct Authority (FCA), of UK-based currency traders in connection with an investigation into alleged rigging of foreign exchange rates.
The United States (US) Attorney's Office for the Southern District of New York (the Office) has announced that the US District Court has sentenced SAC Capital Advisors and other entities associated with affiliated hedge funds known collectively as the SAC Hedge Fund, after they pleaded guilty to insider trading.
The United States (US) Securities and Exchange Commission (SEC) has announced that it has reached settlements with the following individuals (both filed 31 March 2014) in separate insider trading cases:
The Australian Securities and Investments Commission (ASIC) has announced that three individuals have been convicted and sentenced for their roles in an insider trading scheme.
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