Proximus CEO Leroy to Face Insider Trading Investigation (TelecomPaper.com)
The public prosecutor in Brussels has launched an investigation into suspected insider trading by Dominique Leroy, the CEO of Proximus. Raids were conducted at her home and Proximus offices, the magazine Knack first reported. The prosecutor confirmed the judicial investigation but would not disclose the subject. Leroy told Belga news agency that it concerned her sale of shares in Proximus, a month before she announced plans to leave the company and become CEO of KPN. She referred to her earlier statement that said the sale of shares was unrelated to her plans to depart and she had not yet made the decision to take the KPN job when the stock was sold.
Insider Activity: Vice Chairman of the Board at Abbvie Inc. (ABBV) Buys $1.76 Million in Stock (Investors Observer)
Laura J Schumacher, Vice Chairman of the Board at Abbvie Inc. (ABBV), bought 25,000 shares of the company’s common stock on Sept 16. At $70.42 per share, Schumacher paid a total of $1,760,523 for the new shares.
The SVP – HR of Brady Corp (NYSE: BRC) is Selling Shares (Analyst Ratings)
Today, the SVP – HR of Brady Corp (BRC), Helena Regina Nelligan, sold shares of BRC for $684.9K. Following Helena Regina Nelligan’s last BRC Sell transaction on February 28, 2019, the stock climbed by 6.8%. In addition to Helena Regina Nelligan, 5 other BRC executives reported Sell trades in the last month.
Fidelity National Financial Inc (FNF) EVP & CFO Anthony Park Sold $4.2 million of Shares (Guru Focus)
EVP & CFO of Fidelity National Financial Inc., Anthony Park, sold 97,323 shares of FNF on 09/17/2019 at an average price of $43.17 a share. The total sale was $4.2 million. Fidelity National Financial Inc is a title insurance company. It provides title insurance, escrow, and other title-related services. The firm also provides technology and transaction services to the real estate and mortgage industries. Fidelity National Financial Inc has a market cap of $11.99 billion; its shares were traded at around $43.69 with a P/E ratio of 16.09 and P/S ratio of 1.56.
CFTC Charges Trader and his Company with $7 Million Fraud (HedgeCo.net)
(HedgeCo.Net) The U.S. Commodity Futures Trading Commission has announced the filing of a civil enforcement action in the U.S. District Court for the Eastern District of Virginia charging Tate Street Trading, Inc. of Richmond, Va. and Leonard J. Cipolla of Chesterfield, Va. with misappropriating customer funds and fraudulent solicitation in connection with a commodity pool. The complaint also charges Tate Street and Cipolla with failure to register as a Commodity Pool Operator (CPO) and Commodity Trading Advisor (CTA), respectively. “As these allegations show, the CFTC is committed to protecting customers from fraud in our markets” said CFTC Director of Enforcement James McDonald. “We will continue to work in parallel with our law enforcement partners to identify and prosecute the type of fraud alleged here.”
