SEBI Provides Clarity On Code Of Conduct Under Insider Trading (Bloomberg Quint)
The Securities and Exchange Board of India has said code of conduct under the insider trading norms is applicable on promoters, and not just on persons designated by the board of a company. The clarifications have been given as part of an informal guidance sought by Apollo Tricoat Tubesas Ltd. regarding certain aspects of Prohibition of Insider Trading regulations. “The PIT regulations identify promoters as designated persons. Hence a person identified as a promoter is required to comply with the code of conduct requirements as required by other designated persons,” the regulator said in the four-page interpretive letter made public on Tuesday.
Legendary Vegas Gambler Craps Out on Insider Trading Appeal (Herald Publicist)
LAS VEGAS – APRIL 15: On this time lapse picture visitors travels alongside the Las Vegas strip on April 15 2009 in Las Vegas. The strip is roughly four.2 mi (6.eight km) lengthy. A December appeals court docket resolution highlighted the seriousness and severity of how insider buying and selling instances influence general markets. The Second U.S. Circuit Court docket of Appeals, primarily based in Manhattan, launched a call on December fourth upholding the conviction of William Walters on his costs of constructing buying and selling selections primarily based on data he wouldn’t have been allowed to make use of in doing so.
Resmed Inc (RMD) CEO Michael J. Farrell Sold $863,499 of Shares (Guru Focus)
CEO of Resmed Inc., Michael J. Farrell, sold 6,651 shares of RMD on 10/14/2019 at an average price of $129.83 a share. The total sale was $863,499. ResMed Inc is a part of the healthcare sector. It develops and distributes medical products for treating and diagnosing respiratory disorders. ResMed Inc has a market cap of $18.79 billion; its shares were traded at around $130.73 with a P/E ratio of 46.70 and P/S ratio of 7.26.
Insider Activity: Large Investor in Safehold Inc. (SAFE) Buys $771k in Stock (Investors Observer)
Istar Inc., who already control 10% of shares at Safehold Inc. (SAFE), bought 22,361 additional shares of the company’s common stock on Oct 9. At $34.49 per share, Istar Inc. paid a total of $771,322 for the new shares.
Insider Trading: October 15, 2019 (BIV.com)
Insider Penny Olga White, 10% owner. Company: The Yield Growth Corp. (CSE:BOSS). Shares owned: 17,805,500. Trade date: October 3. Trade total: $200,800. Trade: Acquisition of 8,000 shares at a price of $25.10 per share. Insider Robert Douglas Cudney, 10% owner. Company: Cantex Mine Development Corp. (TSX-V:CD). Shares owned: 3,479,175. Trade date: October 2. Trade total: $123,200. Trade: Acquisition of 40,000 shares at prices ranging between $3.05 and $3.11 per share.
Why Insider Trading Ensnares Them (Podcast) (Bloomberg)
Peter Henning, a professor at Wayne State University Law School, discusses why insider trading ensnares people in all walks of life, from a Las Vegas gambler to a U.S. Congressman. He speaks to Bloomberg’s June Grasso.
