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Insider trading News

Phil Mickelson unknowingly profited from insider trading scheme

Golfer Phil Mickelson was named in an insider-trading case by the Securities and Exchange Commission Thursday morning, according to a filing.

Medical device producer accused of fraud

ArthroCare Corp., a medical device manufacturer based in Austin, Texas, has agreed to pay a $30 million fine to resolve accusations that its senior executives engaged in a securities fraud scheme.

Op-Ed: Your husband commits insider trading — Now what?

There could be a bull market for divorce lawyers from marriages falling apart due to financial fraud or insider trading by a spouse.

Facebook investors sue Mark Zuckerberg for insider trading

Facebook investors have filed a class action lawsuit against Mark Zuckerberg, Facebook CEO, alleging that he had inside information that the stock was overvalued and that he protected his financial interests by unloading Facebook shares worth $1 billion.

Former FDA chemist gets five years for insider trading

Greenbelt - A former chemist for the US Food and Drug Administration (FDA) has been sentenced to five years in prison. This is due to his involvement with an insider trading scheme, that spanned nearly five years, whilst he was working for the Federal Agency.

Congress takes steps to ban own alleged insider trading practices

Washington - The U.S. Congress is reportedly planning to clamp down on alleged insider trading practices among its members. A procedural vote has been planned for Monday.

Congress has OK to engage in insider trading; public does not

New York - Why should our elected officials have the green light to make money through insider trading when they are on the inside track anyway? But CBS News reports that they have the right, and they do it regularly.

Hedge-fund manager gets longest sentence for insider trading

New York - Raj Rajaratnam, a self-made hedge-fund tycoon convicted of fraud and conspiracy in Wall Street's biggest trading scandal in a generation, will be serving 11 years in prison, which is one of the longest sentences on record in an insider-trading case.

20 Arrested so far in $53 Million Insider Trading Case

20 people, including attorneys and Wall Street professionals, are reportedly facing criminal charges in a widening $53 million insider trading case.

Mark Cuban charged with insider trading

Dallas Mavericks owner and businessman Mark Cuban was charged with insider trading by the U.S. Securities and Exchange Commission (SEC). Cuban is accused of using insider information to save $750,000 in losses.

Insiders made nearly $50M trading a money-losing company's stock

Isn't this interesting... I have never understood how people can feel like insider trading doesn't hurt anyone but some nameless company. it's called Backdating and sounds like just what it is. The company will give the CEO in question stock option...

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