Hedge Fund and Insider Trading News: Bill Ackman, George Soros, Bandera Partners, Mantle Ridge LP, Luby’s Inc. (LUB), Nestle SA (NESN), and More

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Martoma Asks Justices To Flip 2nd Circ. On Insider Trading (Law360)
Law360 (January 24, 2019, 10:19 PM EST) — Former SAC Capital Advisors LP portfolio manager Mathew Martoma urged the U.S. Supreme Court on Thursday to reverse the Second Circuit on his insider trading conviction, saying its ruling upholding his…

Insider Trading Going Unpunished in Zimbabwe (Bulawayo24.com)
Insider trading offences in Zimbabwe are going unpunished as the law does not provide enough measures for the Securities and Exchange Commission of Zimbabwe to undertake thorough investigations into reported cases. Under the Securities & Exchange Act (Chapter 24:25), the use of privileged information to make stock market decisions is a criminal offence, but no convictions has ever been made so far. Speaking to Business Times, the CEO of the Securities and Exchange Commission, Tafadzwa Chinamo, said amendments of the Securities and Exchange Act will address the loopholes in insider trading which have been widened due to the use of technology on the stock market.

Thursday’s Insider Report: CEO Invests Over $170,000 in This Stock Nearing Oversold Levels (TheGlobeandMail.com)
Featured below are companies that have experienced recent insider trading activity in the public market through their direct and indirect ownerships, including accounts they have control or direction over. The list features insider transaction activity; it does not convey total ownership information as an insider may hold numerous accounts. Keep in mind, when looking at transaction activities by insiders, purchasing activity may reflect perceived value in a security. Selling activity may or may not be related to a stock’s valuation; perhaps an insider needs to raise money for personal reasons. An insider’s total holdings should be considered because a sale may, in context, be insignificant if this person has a large remaining position in the company.

Insider Trading Blues for Corporate Chiefs (EconomicTimes)
Corporate India’s top bosses are jittery about the new insider trading regulations being implemented by the Securities and Exchange Board of India (SEBI). The market regulator had revamped these regulations to bring several new provisions including the concept of ‘material financial relationships’. Under this, company insiders will have to disclose details of all people with whom they have significant financial relationships. These insiders are not just required to reveal their own sens…





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