Broadridge Financial Solutions Inc (BR) President and CEO Timothy C Gokey Sold $4.8 million of Shares (Guru Focus)
President and CEO of Broadridge Financial Solutions Inc, Timothy C Gokey, sold 37,737 shares of BR on 08/15/2019 at an average price of $126.48 a share. The total sale was $4.8 million. Broadridge Financial Solutions Inc provides investor communications & technology-driven solutions to banks, broker-dealers and corporate issuers. Its services include investor & customer communications, securities processing & data & analytics solutions. Broadridge Financial Solutions Inc has a market cap of $14.62 billion; its shares were traded at around $127.91 with a P/E ratio of 31.51 and P/S ratio of 3.49. The dividend yield of Broadridge Financial Solutions Inc stocks is 1.51%.
Friday 8/16 Insider Buying Report: SYMC, OTEL (Nasdaq.com)
On Tuesday, Symantec Corp (SYMC)’s Director, Peter A. Feld, made a $22.28M buy of SYMC, purchasing 985,809 shares at a cost of $22.60 each. So far Feld is in the green, up about 3.7% on their buy based on today’s trading high of $23.45. Symantec Corp is trading up about 0.8% on the day Friday. Before this latest buy, Feld bought SYMC on 5 other occasions during the past year, for a total investment of $137.73M at an average of $21.72 per share. And on Thursday, Ira Sochet bought $514,542 worth of Otelco (OTEL), buying 44,993 shares at a cost of $11.44 a piece. Before this latest buy, Sochet bought OTEL on 22 other occasions during the past twelve months, for a total cost of $7.04M at an average of $15.96 per share. Otelco is trading up about 0.4% on the day Friday. So far Sochet is in the green, up about 2.9% on their purchase based on today’s trading high of $11.77.
Swiss Pharma Executive Gets US Sanction for Insider Trading (SwissInfo.ch)
The US Securities and Exchange Commission (SEC) has fined Lorenz Erne, a former senior executive at Swiss pharmaceutical firm Roche, for insider trading and ordered him to pay back the ill-gotten profits. Erne accepted the accusations and agreed to the terms of a settlement with the SEC, according to an SEC documentexternal link published on Thursday. He has to pay back $159,228 (CHF156,000) plus a fine of $79,614 within 14 days to the SEC “for transfer to the general fund of the United States Treasury”.
Ex-KPMG Partner’s Broker Probably Won’t Be Doing Any Insider Trading For a While (GoingConcern.com)
The last man standing in the KPMG insider trading case (the one not involving Scott London) has finally fallen. From the SEC: Today [Aug. 14], jurors in Atlanta federal court returned a verdict finding New Jersey securities broker Raymond J. Pirrello, Jr. liable for insider trading in advance of three merger and acquisition transactions. Pirrello was the broker for former KPMG Atlanta partner Thomas Avent Jr., who opted not to go to trial and went the settlement route. The court approved a deal on Aug. 2 that allowed Avent, former partner-in-charge of the KPMG mergers and acquisitions tax practice for the Southeast region, to pay a $125,000 civil penalty without admitting to the allegations against him. And as part of the deal, Avent agreed to testify in Pirrello’s trial.
A Director at Corporate Office Properties Trust (NYSE: OFC) is Buying Shares (Analyst Ratings)
Today, a Director at Corporate Office Properties Trust (OFC), Steven Kesler, bought shares of OFC for $9,712. Following Steven Kesler’s last OFC Buy transaction on December 31, 2018, the stock climbed by 7.6%. In addition to Steven Kesler, one other OFC executive reported Buy trades in the last month.
Party City Holdco Inc (PRTY) CFO Michael A. Correale Bought $100,359 of Shares (Guru Focus)
CFO of Party City Holdco Inc, Michael A. Correale, bought 24,300 shares of PRTY on 08/15/2019 at an average price of $4.13 a share. The total cost of this purchase was $100,359. Party City Holdco Inc is a party goods retailer in North America. It designs, manufactures, contracts for manufacture and distributes party goods, including paper and plastic tableware, metallic and latex balloons, accessories, novelties and among others.
SEC Charges Former CFO of Cash Advance Company With Defrauding Retail Investors (HedgeCo.net)
(HedgeCo.Net) The Securities and Exchange Commission today charged 1 Global Capital LLC’s former chief financial officer, Alan G. Heide, with defrauding retail investors. The now bankrupt Florida-based cash advance company allegedly fraudulently raised more than $322 million from 3,600 investors between 2014 and last year. The SEC previously charged 1 Global and former CEO Carl Ruderman with fraud and charged Henry J. “Trae” Wieniewitz, III for his allegedly unlawful sales of 1 Global securities. Ruderman and Wieniewitz have consented to final judgments. According to the SEC’s complaint, although 1 Global promised investors profits from its short-term cash advances to businesses, the company used substantial investor funds for other purposes, including paying operating expenses and funding Ruderman’s lavish lifestyle.
Analyst Says GE Stock Recovering because Madoff Whistleblower Fraud Allegations are Baseless (CNBC)
The allegations by Madoff whistleblower Harry Markopolos of a $38 billion fraud at General Electric are “at best disingenuous” and “at worst highly inaccurate,” according to Nick Heymann, co-group head of global industrial infrastructure at the William Blair financial services firm. “You got the stock on sale yesterday for absolutely no basis. This is why all the insiders are buying,” Heymann told CNBC on Friday, one day after GE shares tanked 11% to $8.01 per share, in their worst trading session in more than a decade.
