OSC Issues Findings in Insider Tipping and Trading Case (InvestmentExecutive.com)
An Ontario Securities Commission (OSC) hearing panel has upheld a couple of insider trading allegations against a Toronto institutional trader but dismissed other allegations that were based on more circumstantial evidence, the regulator announced Thursday. The panel found that Cameron Edward Cornish in two instances traded on inside information from Donna Hutchinson, a former legal assistant at Davies Ward Phillips and Vineberg LLP, in Toronto, but it dismissed an allegation involving a third company.
Investment Bankers ‘Pops and Popsy’ Accused of Insider Trading by US Attorney’s Office (The Times)
A couple of investment bankers have been charged with insider trading after sending tips in exchange for $1 million in cash, watches and luxury trips. The pair, who called each other “Pops” and “Popsy”, met in London and were charged in the United States, previously sealed court documents show.
Procter & Gamble Co (PG) CEO – Health Care Steven D Bishop Sold $5.1 million of Shares (Guru Focus)
CEO – Health Care of Procter & Gamble Co., Steven D Bishop, sold 41,165 shares of PG on 10/23/2019 at an average price of $123.36 a share. The total sale was $5.1 million. Procter & Gamble Co is a consumer goods company. The firm markets its products internationally through various channels which include mass merchandisers, grocery stores, membership club stores, drug stores, and department stores.
The Vice Chair of US Bancorp (NYSE: USB) is Selling Shares (Analyst Ratings)
Today, the Vice Chair of US Bancorp (USB), Jeffry Von-Gillern, sold shares of USB for $303.6K. Following Jeffry Von-Gillern’s last USB Sell transaction on July 23, 2019, the stock climbed by 1.0%. Based on US Bancorp’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $7.05 billion and quarterly net profit of $1.91 billion.
Pebble Mine permitting debate continues with Congressional Hearing (GrayDC.com)
WASHINGTON (Gray DC) — In just a few months we will learn if the Pebble Mine Partnership will gain the necessary permits to build its gold and copper mine in Southern Alaska. Even though the decision lies with the Army Corps of Engineers, the discussion has spread all the way to Washington where local activists and Pebble representatives were called today to testify. Despite promises of economic growth and job opportunities, Alaska native Alannah Hurley is pushing back against the Pebble Mine, claiming it poses a risk to the entire Bristol Bay watershed. “It’s not a matter of if it will impact the environment, but when,” said Hurley. “If our lands and waters are devastated, our indigenous people are devastated.”
