The Supreme Court of Canada said Thursday that it will not hear appeals in two notable securities cases, one involving a proposed securities class action against BP and another involving a provincial securities commission enforcement action
for illegal insider trading.
Not exact matches
For most of the stock market's history, buybacks were actually
illegal — considered to be
insider trading — the thought being that if you ran the company, you would have nonpublic information to know when to buy shares.
The indictment states that SAC has been charged «with criminal responsibility
for insider trading offenses committed by numerous employees and made possible by institutional practices that encouraged the widespread solicitation and use of
illegal inside information.»
Unfortunately
for Buffett, Sokol's purchases smell like
illegal insider trades.
U.S. Attorney Preet Bharara applauded a new Supreme Court decision on
insider trading, after the court found that a
trading tip «gift» can be used by a secondary person and still be considered an
illegal use of that information
for personal benefit.
U.S. Attorney Preet Bharara applauded a new Supreme Court decision on
insider trading on Tuesday, after the court found that a
trading tip «gift» can be used by a secondary person and still be considered an
illegal use of that information
for personal benefit.
In Libby's case, he was convicted
for perjury before a grand jury, not revealing CIA agent Valerie Plame's identity; in Stewart's case, she was convicted
for obstruction of justice, not
insider trading; and now, Bonds has been indicted
for perjury, and not
illegal use of narcotics or steroids.
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