Kiran Mazumdar Shaw Settles Alleged Insider Trading Case With SEBI In Infosys Matter (Bloomberg)
Kiran Mazumdar Shaw, lead independent director of Infosys Ltd., has settled with the Securities and Exchange Board of India a case of alleged delay in making disclosure regarding change in her shareholding in the information technology company by paying over Rs 3 lakh as settlement charge. Mazumdar Shaw, who is also a chairman of Biocon Ltd., was alleged to have violated provisions of the Prohibition of Insider Trading regulations.
Ametek Inc (AME) Executive VP – CFO William Joseph Burke Sold $1.2 million of Shares (Guru Focus)
Executive VP – CFO of Ametek Inc., William Joseph Burke, sold 12,510 shares of AME on 11/19/2019 at an average price of $98.51 a share. The total sale was $1.2 million. AMETEK Inc is a manufacturer of electronic instruments and electromechanical devices with operations in North America, Europe, Asia and South America.
2 Officials ‘Milking’ PBC In insider Trade (ModernGhana.com)
Some two officials of the Produce Buying Company (PBC) are reportedly engaged in insider trading that is said to be running the firm into financial trouble. It comes at a time the President Akufo-Addo’s administration is making efforts to revamp the once defunct PBC. Sources have alleged that two senior managers of the company are engaged in what is termed as ‘insider trade’ by clandestinely setting up a transport company and awarding PBC’s haulage contracts to themselves.
Uber CEO Dara Khosrowshahi Just Bought Up $6.7 Million Worth of the Stock (Barron’s)
Uber Technologies CEO Dara Khosrowshahi just disclosed his first open-market purchase of shares of the ride-hailing company. Khosrowshahi paid $6.7 million on Nov. 18 for 250,000 Uber shares (ticker: UBER), an average per-share price of $26.75. He now owns 1.53 million Uber shares, according to a form Khosrowshahi filed with the Securities and Exchange Commission. Other shares Khosrowshahi owns were acquired through awards of restricted stock units, and not all have vested.
The CEO of Plains GP Holdings (NYSE: PAGP) is Buying Shares (Analyst Ratings)
Yesterday, the CEO of Plains GP Holdings (PAGP), Willie Cw Chiang, bought shares of PAGP for $1.03M. Following this transaction Willie Cw Chiang’s holding in the company was increased by 79.89% to a total of $2.3 million. Following Willie Cw Chiang’s last PAGP Buy transaction on February 11, 2016, the stock climbed by 5.3%.
Hedge Funds Are Losing Ground to Alternatives (Hedge Nordic)
Stockholm (HedgeNordic) – Allocations to alternative asset classes remain robust and little changed in the past several years. Still, preferences for specific types of alternatives have been changing, according to EY’s latest Global Alternative Fund Survey. Whereas hedge funds continue to account for the largest share of investors’ allocations to alternatives, more investors are increasing allocations to private equity and other alternative asset classes mainly at the expense of hedge funds. According to EY’s 2019 Global Alternative Fund Survey, surveyed institutional investors, on average, have a quarter of their assets allocated to alternatives.
CEO Charged With Violating Whistleblower Protection Laws to Silence Investor Complaints (HedgeCo.net)
(HedgeCo.Net) The Securities and Exchange Commission has filed an amended complaint against online auction portal Collectors Café and its CEO Mykalai Kontilai to add allegations that they unlawfully sought to prohibit their investors from reporting misconduct to the SEC and other governmental agencies. The SEC previously charged Collectors Café and Kontilai with a fraudulent $23 million securities offering based on false statements to investors, and alleged that Kontilai misappropriated over $6 million of investor proceeds. The SEC’s amended complaint alleges that Collectors Café and Kontilai attempted to resolve investor allegations of wrongdoing by conditioning the return of investor money on the investors signing agreements prohibiting them from reporting potential securities law violations to law enforcement, including the SEC.
