Analyst Who Made $39,000 in an Hour Fined for Insider Trading (Bloomberg)
A former equity analyst who made more than 34,000 euros ($39,000) in an hour by investing in Vallourec SA just before he raised his own rating on the French company had his fine doubled by an appeals court. Ex-Kepler Cheuvreux SA analyst Geoffroy Stern will have to pay an extra 100,000 euros after France’s highest administrative court ruled that a lower jurisdiction erred in its ruling. The court found that he benefited from insider information when making trades based on draft recommendations written by him and others that the brokerage was set to publish hours later.
Strong Insider Buying Found in the Underlying Holdings of MLPA (Nasdaq.com)
A look at the weighted underlying holdings of the MLP ETF (MLPA) shows an impressive 23.8% of holdings on a weighted basis have experienced insider buying within the past six months. Energy Transfer Partners L.P. UNITS Repres (Symbol: ETP), which makes up 6.21% of the MLP ETF ( MLPA ), has seen 2 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $13,048,178 worth of ETP, making it the #6 largest holding.
The Mutual Fund Investments and Securities Exchange Introduced by HashCash Consultants is an Ace ATS to Curb Insider Trading (BizJournals.com)
SAN FRANCISCO, Feb. 05, 2019 /PRNewswire-PRWeb/ — Up-to-date brokers are competing to incorporate technologically sophisticated alternative trading systems (ATS) to harness the benefits of real-time trading of securities. Catering to the growing demand for this service, Silicon Valley-based blockchain expert, HashCash Consultants, has introduced blockchain solutions dedicated to facilitating a swift transfer of assets while mitigating the scope of market abuse as well. The software development company is currently working with a few leading Mutual Funds in the US and Puerto Rico with a focus on Tokenized securities offering- one of the most practical uses of Blockchain.
A Quick $22 million Profit for Royal Commission Insider Trading? (TheNewDaily)
Last week Josh Frydenberg “guaranteed” the royal commission’s final report would not leak while the government sat on it for three days. About $22 million says that guarantee wasn’t worth anything. The welter of news in Kenneth Hayne’s report has tended to overshadow what appears to be some rather obvious insider trading. Someone, somewhere, somehow received a nod and wink on Monday morning that the banks would actually come out of the royal commission better than expected.
Public Service Enterprise Group Inc. (NYSE:PEG) Insider Trading Activity – Chairman Sold 52,407 shares of Stock (MarketExclusive)
Insider Trading Activity For Public Service Enterprise Group Inc. (NYSE:PEG): Ralph Izzo , Chairman of Public Service Enterprise Group Inc. (NYSE:PEG) reportedly Sold 52,407 shares of the company’s stock at an average price of 54.31 for a total transaction amount of $2,846,224.17 SEC Form. Insider Trading History For Public Service Enterprise Group Inc. (NYSE:PEG): On 5/1/2013 William Levis, COO, sold 60,000 with an average share price of $36.85 per share and the total transaction amounting to $2,211,000.00. On 10/31/2013 Caroline Dorsa, CFO, bought 1,000 with an average share price of $33.04 per share and the total transaction amounting to $33,040.00. On 11/22/2013 Thomas Renyi, Director, sold 4,780 with an average share price of $33.67 per share and the total transaction amounting to $160,942.60.
