One might think that insider trading would have dropped in recent years on the heels of high-profile convictions such as Martha Stewart. If so, one might think “wrong.” An example of this in action is that the SEC said it suspects insider trading in connection with the $1.68 billion purchase of Petco Animal Supplies Inc. [...]

In an interesting case of alleged “insider trading,” the head of Israel’s military has been accused of improperly selling off his portfolio of stocks just hours after Hizbollah abducted two Israeli soldiers in a raid that triggered a month-long war. Lieutenant-General Dan Halutz has acknowledged making the sale, but has denied impropriety. The Maariv daily [...]

Victor Menezes, former senior Citigroup executive, has agreed to pay more than $2.5 million in a bid to settle charges of insider trading. The SEC charged that Menezes allegedly sold Citigroup stock just before the April 15, 2002 company announcement about significant losses in its Argentine operations, avoiding losses of more than $1.5 million and [...]

A New Jersey letter carrier who illegally leaked secret grand jury information to members of one of the most pervasive insider trading rings ever prosecuted is being charged with securities fraud. The new charges brings the number of people charged to 14 in the international scheme that netted at least $6.7 million in illicit gains [...]

Brady Schofield, who owns several seafood and produce companies that supplied U.S. Foodservice, pleaded guilty in Federal District Court in Manhattan to seven counts including charges of insider trading and conspiracy to falsify records. Mr. Schofield agreed to pay $728,232 to settle civil claims filed by the Securities and Exchange Commission. A former purchasing executive [...]

U.S. securities regulators sued three men, including a former employee of GE Capital Corp., seeking return of $1.3 million in profits from alleged insider trading related to the 2001 merger of Allied Capital Corp. and SunSource Inc. The lawsuit filed in U.S. District Court in Manhattan charges that Nelson Obus, directed the purchase of shares [...]

Hedge fund manager and part-owner of Global Time Capital Growth Fund, Michael Tom, acknowledged that he aggressively purchased stock and options based on insider information he received from Shengan Wang, a portfolio analyst in the Credit Portfolio Management Group. Wang pleaded guilty last November to her providing protected information to Tom, a former co-worker at [...]

Former broker, Lee David Edelman admitted buying Metron stock in 2004 based on secret information about the pending acquisition of Metron by Applied Materials, Inc. Edelman saw documents intended for his girlfriend, a lawyer at a Manhattan law firm that represented Applied Materials, while the couple shared an apartment. Edelman pleaded guilty in Manhattan federal [...]

Victor Menezes, former senior Citigroup executive has agreed to pay over $2.5 Million in a bid to settle charges of Insider Trading. The SEC charged that Menezes allegedly sold Citigroup stock just before the April 15, 2002 company announcement about significant losses in its Argentine operations, avoiding losses of more than $1.5 Million and that [...]

The Securities and Exchange Commission has issued a formal order of investigation of clothing retailer, Abercrombie & Fitch Co., and the trading in the company’s Class A shares. According to Abercrombie, investigators have now requested additional information from the company and certain of its current and former officers and directors. The company said that it [...]

The Financial Services Authority (FSA), in Great Britain has fined HSBC 100,000 pounds for an error in the reporting of trades that may have inadvertently helped insider dealers for more than two years. HSBC, one of the biggest private-client brokers in Britain with two million customers, inadvertently described to the FSA every client share purchase [...]