Ola Rollén Acquitted from All Charges for the Second Time (PRNewswire.com)
NACKA STRAND, Sweden, June 26, 2019 /PRNewswire/ — Ola Rollén, Hexagon’s President and CEO, was today acquitted for the second time from the insider trading allegations by the Norwegian economic crime authority (Økokrim). Following the prosecution’s appeal of the Oslo City Court’s unanimous acquittal (10 January 2018), the Borgarting Court of Appeal (Borgarting lagmannsrett) also found Rollén not guilty, rejecting all charges of insider trading. “I speak on behalf of the Board and everyone else who has stood united with Ola since the beginning of this ordeal that we were never in doubt about Ola’s innocence and, consequently, that the Norwegian courts would reach a firm conclusion to dismiss all allegations,” Gun Nilsson, Hexagon’s Chairman of the Board, commented.
Australian Hacker Jailed For Insider Trading (InformationSecurityBuzz.com)
Following the news that an Australian man has been sentenced to three years in prison after pleading guilty to 11 charges including insider trading and unauthorised access to data with the intention to commit a serious offence, security experts commented below. Experts Comments: Matt Lock, Director of Sales Engineers at Varonis: “For the average cybercriminal, the prospect of breaking into a company to steal insider information without ever having to step foot in a building and ruffle through reports on employee desks is a tempting idea. An IT consultant with the time, interest and criminal inclination could easily gain the knowledge and tools needed to crack the average corporate network. It’s alarming that the perpetrator is reported to have stayed on the network for four full years…
A Director at Lattice Semicon (NASDAQ: LSCC) is Selling Shares (Analyst Ratings)
Today, a Director at Lattice Semicon (LSCC), Mark Edwin Jensen, sold shares of LSCC for $57.52K. This is Jensen’s first transaction since reporting a Sell transaction on FSCT back in March 2018 In addition to Mark Edwin Jensen, 3 other LSCC executives reported Sell trades in the last month. Currently, Lattice Semicon has an average volume of 699.9K. Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $16.00, reflecting a 17.2% upside. In the last 30 days, insiders have sold $101.6K worth of LSCC shares and purchased $123.1K worth of LSCC shares. The insider sentiment on Lattice Semicon has been positive according to 40 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
Wednesday 6/26 Insider Buying Report: AKRO, VTVT (Nasdaq.com)
At Akero Therapeutics (AKRO), a filing with the SEC revealed that on Monday, Director Kevin Bitterman purchased 270,000 shares of AKRO, for a cost of $16.00 each, for a total investment of $4.32M. Bitterman was up about 15.9% on the buy at the high point of today’s trading session, with AKRO trading as high as $18.55 at last check today. Akero Therapeutics is trading down about 0.4% on the day Wednesday. And at vTv Therapeutics (VTVT), there was insider buying on Tuesday, by Ronald O. Perelman who purchased 1,212,121 shares at a cost of $1.65 each, for a trade totaling $2M. Before this latest buy, Perelman bought VTVT on 11 other occasions during the past twelve months, for a total cost of $22.5M at an average of $1.66 per share. vTv Therapeutics is trading up about 2.6% on the day Wednesday. Bargain hunters have the opportunity to bag VTVT at a price even lower than Perelman did, with shares trading as low as $1.38 at last check today – that’s 16.4% under Perelman’s purchase price.
U.S. Prosecutors Join Multinational Crackdown on Insider Trading (Bloomberg)
U.S. prosecutors are investigating an international network of traders suspected of infiltrating banks and companies to glean confidential information on megadeals, according to people familiar with the matter. The probe by prosecutors at the U.S. Attorney’s Office for the Southern District of New York is focusing on a group of stock pickers in Europe and the Middle East who have made tens of millions of dollars trading ahead of media reports about takeover talks or merger announcements by companies, according…
SEC Wins Jury Trial Against Broker Charged With Defrauding Customers (HedgeCo.Net)
(HedgeCo.Net) Jurors in Manhattan federal court have returned a verdict in the Securities and Exchange Commission’s favor against a broker who was charged in January 2017 with fraud for excessively trading customer accounts using a trading scheme that generated hefty commissions for the broker but significant losses for his customers. A second broker, also charged in the same complaint for engaging in the same fraudulent practices, admitted to his misconduct and settled with the SEC on the eve of trial. The SEC’s evidence at trial showed that the broker, Donald J. Fowler, while registered with J.D. Nicholas & Associates Inc., a now-defunct broker-dealer located in Syosset, New York, engaged in fraud when he deployed an in-and-out trading scheme that was unsuitable for his customers in order to generate large commissions for himself.
