Additional Charges Filed In Insider Trading Scheme Involving NFL Player and Former Investment Banker (HedgeCo.net)
(HedgeCo.Net) The Securities and Exchange Commission has charged Mark “Christian” Ramsey for participating in an insider trading scheme perpetrated by a professional football player and former investment banker previously charged by the SEC for insider trading. In August 2018, the SEC charged Mychal Kendricks, the football player, and Damilare Sonoiki, the former investment banker, with insider trading in advance of corporate acquisitions facilitated through coded text messages and FaceTime conversations. After meeting at a party, Sonoiki allegedly began tipping Kendricks about upcoming corporate mergers that Sonoiki’s investment bank was retained to advise.
Bunge Ltd (BG) CEO Gregory A Heckman Bought $2 million of Shares (GuruFocus)
CEO of Bunge Ltd (NYSE:BG) Gregory A Heckman bought 38,588 shares of BG on 05/21/2019 at an average price of $51.93 a share. The total cost of this purchase was $2 million. Bunge Ltd is an agribusiness and food company with integrated operations. It acts as an oilseed processor and seller of packaged vegetable oils. The company also grows and processes Brazilian sugarcane to produce sugar and ethanol. Bunge Ltd has a market cap of $7.17 billion; its shares were traded at around $50.68 with a P/E ratio of 24.98 and P/S ratio of 0.17. The dividend yield of Bunge Ltd stocks is 3.95%.
Wednesday 5/22 Insider Buying Report: SRT, WTRH (Nasdaq.com)
At StarTek (SRT), a filing with the SEC revealed that on Friday, Director Mukesh Sharda bought 274,064 shares of SRT, at a cost of $7.48 each, for a total investment of $2.05M. So far Sharda is in the green, up about 14.3% on their buy based on today’s trading high of $8.55. StarTek is trading up about 0.9% on the day Wednesday. And at Waitr Holdings (WTRH), there was insider buying on Tuesday, by CEO and Chairman Christopher Meaux who purchased 135,135 shares for a cost of $7.40 each, for a trade totaling $999,999. Waitr Holdings is trading up about 5.8% on the day Wednesday. Bargain hunters can snag WTRH even cheaper than Meaux did, with shares trading as low as $6.97 in trading on Wednesday which is 5.8% below Meaux’s purchase price.
Bond Trader David Maena Suspended for 10 Years Over Insider Trading (The Star)
The Investment and Financial analysts’ regulator has deregistered one of its members, David Tumaini Maena for a period of 10 years. This comes after the Capital Markets Authority (CMA) fined the former CBA bank’s Capital executive in February a total of Sh166.9 million for engaging in insider trading in Treasury bonds between January 2016 and June 2017. CMA had stated that the trader had received Sh83.4 million illegally in trading in fixed income securities.
Ex-PE Boss Owes Lattice $1.4M For Insider Trading Case (Law360.com)
Law360 (May 21, 2019, 7:22 PM EDT) — Former private equity partner Benjamin Chow must pay about $1.4 million to cover the legal fees Lattice Semiconductor Corp. incurred while cooperating with prosecutors in his criminal insider trading case.
Former Director Settles with OSC Over Trading Misconduct Allegations (Advisor.ca)
A corporate director has agreed to sanctions after admitting to violating securities rules by twice selling shares in the company where he served as a director ahead of a planned offering. The Ontario Securities Commission (OSC) approved a settlement with Martin Bernholtz, a former director with Titan Medical Inc., which will see him make a $225,000 voluntary payment after he admitted to violating the public interest. Bernholtz will also pay $75,000 in costs, and accept a seven-year ban on serving as a director and a three-year trading ban.
The VP, Controller and PAO of Air Products and Chemicals (NYSE: APD) is Selling Shares (AnalystRatings)
Today, the VP, Controller and PAO of Air Products and Chemicals (APD), Russell Flugel, sold shares of APD for $614.8K. Following Russell Flugel’s last APD Sell transaction on August 16, 2016, the stock climbed by 75.5%. Based on Air Products and Chemicals’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $2.19 billion and quarterly net profit of $421 million. In comparison, last year the company earned revenue of $2.16 billion and had a net profit of $416 million. APD’s market cap is $45.56B and the company has a P/E ratio of 27.00. Currently, Air Products and Chemicals has an average volume of 16.61K.
