Hedge Fund and Insider Trading News: Carl Icahn, Paulson & Co., Corvex Management, Vertex One Asset Management, Northern Dynasty Minerals Ltd. (NAK), Moelis & Co. (MC), and More

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First on CNN: Environmental Group Files SEC Complaint about Mining Company Stock Trades Days Before Major EPA Announcement (CNN)
Washington (CNN): An environmental group on Monday called on the Securities and Exchange Commission to investigate possible insider trading involving a mining company that is pursuing a massive gold and copper mine in Alaska near the world’s most valuable salmon fishery. Earthworks, a Washington-based advocacy group, sent a letter of complaint to the SEC, the New Jersey Bureau of Securities and the Financial Industry Regulatory Authority, detailing a flurry of stock trades and communication related to Northern Dynasty Minerals Ltd. in the days prior to recent decisions by Environmental Protection Agency that were beneficial to the mine.

Investment Bankers Charged in Global Insider Trading Scheme (The Wall Street Journal)
Federal prosecutors in Manhattan have charged six bankers from Goldman Sachs Group Inc., Moelis & Co., Centerview Partners LLC and others with a wide-ranging insider-trading scheme spanning Europe and in the U.S. that yielded tens of millions of dollars in allegedly illegal profits. Four separate indictments unsealed in recent days laid out several interconnected alleged conspiracies that the Manhattan U.S. attorney’s office said represented a “global insider trading ring.”

Democrats Seek Insider Trading Probe After ‘Trump Chaos’ Article (NYDailyNews.com)
WASHINGTON Democratic lawmakers are increasingly demanding that U.S. authorities investigate allegations raised in a recent magazine article that traders might be using nonpublic government information to reap huge illegal profits, even as the exchange where the transactions purportedly took place called the story “patently false.”

Insider Trading: October 22, 2019 (BIV.com)
Insider: Tony Serafino, officer. Company: Ivanhoe Mines Ltd. (TSX:IVN). Shares owned: 250,000. Trade date: October 10. Trade total: $820,150. Trade: Acquisition of 250,000 shares at prices ranging between $3.26 and $3.29 per share. Insider: Robert R. McEwen, 10% owner. Company: Great Bear Resources Ltd. (TSX-V:GBR). Shares owned: 142,679. Trade date: October 10. Trade total: $274,866. Trade: Sale of 36,600 shares at a price of $7.51 per share.





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