Trial Begins for Alleged Insider Trading of Vistaprint Stock (ASICentral.com)
A Boston-area restaurant owner obtained private financial data about Vistaprint from a former employee and her husband, and then used the illegal insider information to make trades in the firm’s stock that netted him over $850,000, a federal jury heard Tuesday during opening statements in the restaurant owner’s trial.
Ex-SeaWorld Lawyer Pleads Guilty After He Made $65,000 on Insider Trading (Orlando Sentinel)
An ex-SeaWorld corporate attorney pleaded guilty to securities fraud after he was accused of insider trading that made him $65,000 as the company’s stock soared last year, according to court documents filed Monday. Paul Powers took notes during company meetings and read confidential documents in summer 2018, so he knew the Orlando-based company would exceed Wall Street expectations with its quarterly earnings, according to the charges from the U.S. Department of Justice’s criminal division filed in Orlando federal court.
Wednesday 3/27 Insider Buying Report: DNR, GRBK (Nasdaq.com)
As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy – they expect to make money. So let’s look at two noteworthy recent insider buys. On Tuesday, Denbury Resources (DNR)’s CEO, Christian S. Kendall, made a $299,460 purchase of DNR, buying 150,000 shares at a cost of $2.00 each. Denbury Resources is trading down about 0.5% on the day Wednesday. And on Friday, Director John R. Farris bought $174,000 worth of Green Brick Partners (GRBK), buying 20,000 shares at a cost of $8.70 a piece. Green Brick Partners is trading up about 0.5% on the day Wednesday. Farris was up about 5.2% on the buy at the high point of today’s trading session, with GRBK trading as high as $9.15 in trading on Wednesday.
Swedish Police Raid Swedbank Offices in Insider Trading Probe (MENAFN.com)
(MENAFN – AFP) Sweden’s economic crime police on Wednesday raided the headquarters of bank Swedbank as part of a preliminary investigation into insider trading linked to a larger money laundering scandal, authorities said. The raid took place early Wednesday at the bank’s offices in Sundbyberg, a suburb outside Stockholm, and continued for several hours, according to an AFPTV journalist at the scene. A Swedish TV documentary that aired in February claimed to have seen documents showing that at least 40 billion kronor (3.8 billion euros, $4.3 billion) of suspicious transactions had been channelled to Baltic countries from Swedbank accounts between 2007 and 2015.
The EVP, Station Operations of Nexstar Media Group Inc (NASDAQ: NXST) is Selling Shares (AnalystRatings)
Today, the EVP, Station Operations of Nexstar Media Group Inc (NXST), Blake Russell, sold shares of NXST for $321.8K. Following Blake Russell’s last NXST Sell transaction on September 26, 2018, the stock climbed by 27.3%. In addition to Blake Russell, 7 other NXST executives reported Sell trades in the last month