Singaporean Fined S$336,000 for Insider Trading on London Stock Exchange (Channel News Asia)
SINGAPORE: The Monetary Authority of Singapore (MAS) has fined a Singaporean man S$336,000 for insider trading, the authority announced on Tuesday (Jun 4). A civil penalty was imposed on Tham Wai Mun Raphael after he sold shares in Anhua Clean Energy (ACE), a company listed on the Alternative Investment Market of the London Stock Exchange, while in possession of non-public, price-sensitive information about the organisation, said MAS in a media release.
The SVP and Group Pres.Industrial of Harsco Corp (NYSE: HSC) is Selling Shares (Analyst Ratings)
Today, the SVP and Group Pres.Industrial of Harsco Corp (HSC), Scott Gerson, sold shares of HSC for $115K. Following Scott Gerson’s last HSC Sell transaction on February 26, 2019, the stock climbed by 4.0%. Based on Harsco Corp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $447 million and quarterly net profit of $21.03 million. In comparison, last year the company earned revenue of $408 million and had a net profit of $18.26 million. HSC’s market cap is $2.08B and the company has a P/E ratio of 15.54. Currently, Harsco Corp has an average volume of 272.3K.
Tuesday 6/4 Insider Buying Report: IO, PSXP (Nasdaq.com)
At ION Geophysical Corp (IO), a filing with the SEC revealed that on Friday, Director James M. Lapeyre Jr. purchased 60,000 shares of IO, at a cost of $6.79 each, for a total investment of $407,436. Lapeyre Jr. was up about 20.2% on the purchase at the high point of today’s trading session, with IO trading as high as $8.16 at last check today. ION Geophysical Corp is trading up about 9.8% on the day Tuesday. Before this latest buy, Lapeyre Jr. purchased IO at 2 other times during the past year, for a total investment of $787,284 at an average of $13.12 per share. And at Phillips 66 Partners LP (PSXP), there was insider buying on Thursday, by CFO Kevin J. Mitchell who purchased 7,349 shares at a cost of $48.50 each, for a total investment of $356,409.
The Sr. V.P. and General Counsel of Service Corp International (NYSE: SCI) is Buying Shares (Analyst Ratings)
Today, the Sr. V.P. and General Counsel of Service Corp International (SCI), Gregory Sangalis, bought shares of SCI for $797.5K. Following this transaction Gregory Sangalis’ holding in the company was increased by 34.38% to a total of $9.14 million. In addition to Gregory Sangalis, 4 other SCI executives reported Buy trades in the last month.
BioSig: The Plot Thickens With Director Resignations, Insider Sales, And An FDA Letter (Seeking Alpha)
Two BioSig directors who have a plethora of electrophysiology experience as top executives and directors of other companies resigned two weeks ago. The FDA approval letter for the PURE EP states it is only equivalent to an existing device, but with more restrictive indications for use. On 4/24/19, BioSig’s CEO, filed a Form 144 to sell 100K shares, which means he plans to sell soon. BioSig allegedly showed clinical studies at their booth at a conference, but there should be a published paper to call it a “presentation”. On May 31st, BioSig registered over 2 million shares for major stockholders to sell.
Insider Trading: June 4, 2019 (BIV.com)
The following is a list of stock trades made by corporate executives, directors and other company insiders of B.C.’s public companies filed in the week ended May 29, 2019. The information comes from a compilation of required reports filed with the BC Securities Commission obtained from DisclosureNet.com. Insider Amar Doman, director. Company: Canwel Building Materials Group Ltd. (TSX:CWX). Shares owned: 13,684,870. Trade date: May 23, 24, 27. Trade total: $247,744. Trade: Acquisition of 53,800 shares at prices ranging between $4.58 and $4.63 per share
