Anti-Insider Trading Laws Are About Envy, Not What’s Good for Country (NewsMax.com)
Four U.S. senators swear they didn’t use insider knowledge when selling off stocks ahead of the coronavirus-induced market crash. Americans are outraged, but what if so-called insider trading is a mere gimmick of the greater political establishment? If only insider trading had a legal definition. Instead, its elusive meaning is largely left up to the U.S. Securities and Exchange Commission, a creature of Congress that like so many other federal agencies wields legislative, executive and judicial power. The self-serving senators may or may not be shielded from some technical breach of bureaucratic law.
Cantel Medical Corp (CMD) President and CEO George L Fotiades Bought $215,500 of Shares (Guru Focus)
President and CEO of Cantel Medical Corp., George L Fotiades, bought 10,000 shares of CMD on 03/23/2020 at an average price of $21.55 a share. The total cost of this purchase was $215,500. Cantel Medical Corp is dedicated in delivering infection prevention products and services for patients, caregivers, and other healthcare providers which improve outcomes, enhance safety and help save lives.
A Director at Genasys (NASDAQ: GNSS) is Buying Shares (Analyst Ratings)
Today, a Director at Genasys (GNSS), John Coburn, bought shares of GNSS for $53.87K. Following this transaction John Coburn’s holding in the company was increased by 9.12% to a total of $602.9K. Following John Coburn’s last GNSS Buy transaction on August 10, 2015, the stock climbed by 1.0%.
Notable Insider Buys In The Past Week: AutoZone, Exxon, Dell And More (Benzinga)
Insiders continued to take advantage of lower share prices last week. Here are some of the most noteworthy insider purchases reported in the past week. Dell Technologies Inc (DELL) CEO Michael Dell picked up about 828,200 shares of this tech company for $25.57 to $36.86 each. That totaled over $26.25 million and brought his stake to about 1.38 million shares. A beneficial owner of Cheniere Energy Partners LP (CQP) bought around 946,100 shares of this Houston-based company at between $24.54 and $27 each. That totaled more than $24.46 million.
Feinstein’s Real Insider Trading Scandal Is Selling America Out To China (The Federalist)
Sen. Dianne Feinstein (D-Calif.) rightly faces a potential scandal for dumping several million dollars’ worth of stock while privy to sensitive information as a member of the Senate Intelligence Committee before a major drop in financial markets due to coronavirus. But the far more consequential story is Feinstein’s participation in the biggest insider trade of all in her family richly profiting from the U.S.-China policy for which she has lobbied for 40 years. This policy of dramatically expanded economic and political ties between America and China while turning a blind eye to the Chinese Communist Party’s (CCP) tyranny-enabling China to become a world power heavily integrated into global supply chains and international institutions—has contributed to this China-driven pandemic.