House Bill Invents Insider Trading, Bans It (Deal Breaker)
Insider trading certainly seems illegal. People continue to be indicted for it. Congressmen continue to plead guilty to it. Other people remain in jail convicted of it, or, having left jail, just convicted of it. Still others continue to be sued by the SEC for it. So, yea, in spite of the hopes briefly kindled by a 2014 ruling severely limiting its scope and by the soon-to-be-dead Antonin Scalia’s dreams of rendering it not, insider-trading is definitely still illegal.
Salesforce.com Inc (CRM) Chairman of the Board & co-CEO Marc Benioff Sold $1.6 million of Shares (Benzinga)
Chairman of the Board & co-CEO of Salesforce.com Inc., Marc Benioff, sold 10,000 shares of CRM on 12/05/2019 at an average price of $157.09 a share. The total sale was $1.6 million. Salesforce.com Inc is a software-as-a-service company that provides enterprise cloud computing solutions, offering social and mobile cloud apps and platform services, as well as professional services to facilitate the adoption of its solutions.
The VP of American States Water Company (NYSE: AWR) is Buying Shares (Analyst Ratings)
Yesterday, the VP of American States Water Company (AWR), William Gedney, bought shares of AWR for $32.23K. Following William Gedney’s last AWR Buy transaction on August 27, 2012, the stock climbed by 67.1%. Following this transaction William Gedney’s holding in the company was increased by 8.35% to a total of $1.99 million.
House Passes Bill to Codify Insider Trading Ban (Bloomberg Law)
Lawmakers in the House have passed a bill that would put a law against insider trading on the books. The House passed the Insider Trading Prohibition Act (H.R. 2534) on a 410-13 vote Dec. 5. The legislation from Rep. Jim Himes (D-Conn.) would explicitly bar insiders from trading on non-public company information, codifying a ban that’s been developed through court decisions and anti-fraud laws.
Insider Trading: Finance Minister Buggana Reveals Names of ‘Buyers’ (NewIndianExpress.com)
VIJAYAWADA: On a day when former chief minister N Chandrababu Naidu tried to mobilise the support of other political parties on the issue of capital Amaravati, Finance Minister Buggana Rajendranath Reddy revealed the names of TDP leaders allegedly involved in insider trading. Stating that all the evidence related to insider trading will be made public, he alleged that Amaravati was proposed as the capital only to benefit Naidu and his coterie. Launching a counter-offensive at a round table meeting organised by a few groups of farmers at Thullur on Thursday, Buggana accused the previous TDP regime of committing large scale irregularities while procuring land for the capital.
