Founder of Tai Chi Hedge Fund Gets Sentenced to 240 Hours of Community Service (Opalesque.com)
Hong Kong’s Eastern Magistrates’ Court has sentenced Yau Ka Fai to 240 hours of community service following his conviction for holding himself out as carrying on a business in asset management without a license from the Securities and Futures Commission (SFC). Yau, whilst unlicensed by the SFC, represented to investors that he was the manager of a fund known as Tai Chi Hedge Fund and received a commission for his service between September 2011 and November 2015. The fund invested in, amongst other things, stocks and futures contracts.
Wednesday 4/29 Insider Buying Report: EDI, ISTR (Nasdaq.com)
At Stone Harbor Emerging Markets Total Income Fund, a filing with the SEC revealed that on Monday, Executive Vice President James E. Craige bought 100,837 shares of EDI, for a cost of $5.88 each, for a total investment of $592,694. So far Craige is in the green, up about 9.7% on their buy based on today’s trading high of $6.45. Stone Harbor Emerging Markets Total Income Fund is trading up about 8.8% on the day Wednesday. Before this latest buy, Craige made one other buy in the past twelve months, purchasing $334,500 shares at a cost of $4.46 each. And at Investar Holding, there was insider buying on Tuesday, by Director Andrew C. Nelson who purchased 9,054 shares at a cost of $13.50 each, for a trade totaling $122,229. Before this latest buy, Nelson bought ISTR at 3 other times during the past twelve months, for a total cost of $247,750 at an average of $20.65 per share. Investar Holding is trading up about 6.1% on the day Wednesday. Nelson was up about 11.1% on the purchase at the high point of today’s trading session, with ISTR trading as high as $15.00 at last check today.
Zynex Inc (ZYXI) President, CEO and Chairman Thomas Sandgaard Sold $1.2 million of Shares (Guru Focus)
President, CEO and Chairman of Zynex Inc., Thomas Sandgaard, sold 75,143 shares of ZYXI on 04/28/2020 at an average price of $15.77 a share. The total sale was $1.2 million. Zynex Inc through its subsidiaries, designs, manufactures and sells U.S. Food and Drug Administration medical devices that treat chronic and acute pain, as well as activate and exercise muscles for rehabilitative purposes with electrical stimulation.
The COB, Pres & CEO of TrustCo Bank (NASDAQ: TRST) is Buying Shares (Analyst Ratings)
Today, the COB, Pres & CEO of TrustCo Bank (TRST), Robert J. McCormick, bought shares of TRST for $384.2K. This recent transaction increases Robert J. McCormick’s holding in the company by 4.55% to a total of $8.73 million. In addition to Robert J. McCormick, 3 other TRST executives reported Buy trades in the last month.
‘Obvious Crooks’ Aided by Insider-Trading Ruling, AMF Chief Says (Bloomberg Law)
The head of France’s stock-market regulator warned that privacy concerns could jeopardize the country’s biggest insider-trading probe, saying that a court decision may vindicate “obvious crooks.” Robert Ophèle, chairman of the Autorité des Marchés Financiers, railed against the decision of a French court that questioned whether investigators should have obtained proper authorization before requesting phone records for the traders at the heart of the probe. The case has been referred to the European Union’s top court for review.
