Boston – The U.S. Securities and Exchange Commission sued Navellier & Associates and its founder on Thursday, accusing them of fraudulently misleading clients about the performance track record of investment strategies the adviser offered.
Could the deal of the lifetime for Mobileye’s founders cost them a criminal indictment for insider trading?
An Israeli professor has agreed to pay more than $850,000 to settle U.S. claims he engaged in insider trading in Jerusalem-based Mobileye NV (MBLY.N), a maker of sensors and cameras for self-driving vehicles, ahead of its $15.3 billion takeover by Intel Corp (INTC.O).
A Washington consultant is among five people charged in a scheme to convert government secrets into hedge fund profits.
A 33-year-old Israeli named Gary Shalon who allegedly took part in a scam operation involving securities will pay $403 million in a settlement with United States authorities.
Passaic, NJ – Two New Jersey-based securities traders were arrested today and charged with orchestrating a massive, long-running market manipulation scheme that netted them more than $26 million in illegal profits between 2014 and 2015, U.S. Attorney Paul J. Fishman announced.
The Securities and Exchange Commission slapped billionaire hedge fund founder Leon Cooperman with insider trading charges on Wednesday, saying he made “illicit profits” on trades based on confidential information.
New York – Two well known names in the Jewish community warned the head of a large hedge fund that they intended to report him to the Securities and Exchange Commission for holding back more than a half million dollars when they withdrew their investment.
The professional golfer Phil Mickelson has agreed to forfeit nearly $1 million that the Securities and Exchange Commission said was unfairly earned on a tip from an insider trading scheme conducted by a former corporate director and a professional gambler.
Exposing a new front in cybercrime, U.S. authorities broke up an alleged insider trading ring that relied on computer hackers to pilfer corporate press announcements and then profited by trading on the sensitive information before it became public, according to a person familiar with the matter.