All Posts Tagged Tag: ‘insider trading’

Was Yelp Misleading About Its Reviews?

Yelp is no stranger to legal battles, nor is it a stranger to complaints about how it handles reviews. Now, the company faces a new class action suit from shareholders, accusing it of selling over $81 million in stock, while misleading shareholders about the legitimacy of reviews. Do you believe Yelp would mislead investors about its reviews, or do you …

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Microsoft Senior Manager Charged With Insider Trading

The U.S. Securities and Exchange Commission (SEC) today announced that Microsoft Senior Manager Brian Jorgenson has been charged with insider trading. Jorgenson is accused of using confidential information about Microsoft to influence stock trades. The SEC believes that Jorgenson leaked privileged information about upcoming Microsoft announcements to his friend Sean Stokke, who is also begin charged with insider trading. Stokke …

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Mark Cuban Is Not Guilty Of Insider-Trading

Mark Cuban, the businessman and owner of the Dallas Mavericks, has been facing charges of insider-trading. He has been in a battle with the federal government for years now, and with it finally over, he can rejoice, especially after the verdict that was reached. He was being charged with the crime, as it pertained to the selling of his shares …

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Mark Cuban Innocent In Insider Trading Case, Jury Finds

A federal jury has reportedly found billionaire Mark Cuban not guilty of insider trading. The trial began last month, stemming from accusations that he engaged in insider trading when selling shares of Mamma.com back in 2004. The SEC had filed a complaint alleging that he had been acting on confidential info from then CEO Guy Faure. The case initially went …

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Jim Cramer Suggests Snapchat Could Be Used for Insider Trading

Snapchat, the ephemeral messaging app that’s gaining quite the following, has been accused of facilitating some risque communications. When it first launched, it quickly garnered the reputation as being a “sexting” app for teens. You see, Snapchat allows users to send short messages which then self-destruct in a designated amount of time – 30 second, a minute, 5 minutes, and …

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Former AT&T Employee Pleads Guilty To Insider Trading

A former employee of AT&T has confessed to participating in a network of experts who obtained corporate secrets and passed them along to investors. According to a report this afternoon from Reuters, Alnoor Ebrahim plead guilty to a single count of conspiracy to commit wire and securities fraud. In exchange for his guilty plea, prosecutors requested that he be sentenced …

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Stock Act: Obama Signs To Bar Insider Trading

“It’s the notion that the powerful shouldn’t get to create one set of rules for themselves and another set of rules for everybody else,” Obama said on Wednesday. He was referencing a bill introduced this week into legislation that will make it illegal for members of congress, federal workers, and the president himself from using information gained on the job …

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Alcoholics Anonymous Reveals Insider Trading

The Securities and Exchange Commission’s (SEC) Philadelphia branch filed an insider trading complaint with federal regulators late last year. Since then charges have been placed against a financial consultant at Ameriprise Financial Services and four of his colleagues for shares that were purchased in Philadelphia Consolidated Holding Corp. in early 2008. According to the the SEC, McGee learned about an …

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Facebook Creates A Challenge For SEC

According to the Securities and Exchange Commission, it has become increasingly more difficult to regulate and minimize insider trading. A predominant reason for this is social media like Facebook and Twitter. The ease at with insiders can share and disseminate information among groups is astounding. Mary Shapiro, Chairwoman of the Securities and Exchange Commission comments on the added challenges social …

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Whitman Capital President Accused Of Google Insider Trading Scheme

Insider trading is not cool and one financial giant is learning that the hard way. Bloomberg is reporting that Doug Whitman, founder and president of Whitman Capital, was charged with using illegal tips on Google, Polycom and Marvell Technology to gain more than $900,000. An indictment filed in Manhattan federal court yesterday said that Whitman had traded information two sources, …

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