The VP & Controller of Suburban Propane (NYSE: SPH) is Selling Shares (Analyst Ratings)
Today, the VP & Controller of Suburban Propane (SPH), Daniel Bloomstein, sold shares of SPH for $72.9K. Following Daniel Bloomstein’s last SPH Sell transaction on December 04, 2017, the stock climbed by 4.3%. In addition to Daniel Bloomstein, 2 other SPH executives reported Sell trades in the last month. SPH’s market cap is $1.52B and the company has a P/E ratio of 18.98. Currently, Suburban Propane has an average volume of 305.8K.
The CFO and Corporate Secretary of Calavo Growers (NASDAQ: CVGW) is Selling Shares (Analyst Ratings)
Yesterday, the CFO and Corporate Secretary of Calavo Growers (CVGW), Bruce John Lindeman, sold shares of CVGW for $293.7K. Following Bruce John Lindeman’s last CVGW Sell transaction on December 21, 2018, the stock climbed by 26.8%. In addition to Bruce John Lindeman, 3 other CVGW executives reported Sell trades in the last month.
Man to be Sentenced for Vic Inside Trading (DailyLiberal.com)
A Sydney man who pleaded guilty to hacking a Melbourne-based financial publisher for the purposes of insider trading is due to be sentenced. Steven Oakes, who has been on bail, admitted in June last year that he gained unauthorised access between 2012 and 2016 to information from the publisher’s private computer network, with the intention of using the data for insider trading. The inside information, according to the Australian Securities and Investment Commission, was advice to buy particular shares that were about to be published in stock recommendation reports.
Sebi Plans to Tighten Rules of Pledging Shares by Promoter Group Entities (Business-Standard.com)
The Securities and Exchange Board of India (Sebi) plans to tighten rules of pledging shares by promoter group entities. The market regulator will soon direct promoters, whose pledged shares exceed 20 per cent of the equity capital, to cite detailed reasons for this. Sebi will also make changes to takeover code regulations so that any encumbrance on listed securities is disclosed. It is also likely to make key relaxations to the insider trading framework to ensure that trading window closure does not clash with corporate activities of listed companies.
Former UBS China Banker Given 9 years in Prison for Insider Trade (Reuters)
BEIJING/HONG KONG, June 21 (Reuters) – A former UBS banker in China has been sentenced to nine years in prison by a Shanghai court for disclosing inside information related to an acquisition deal in 2017, court documents show and sources with knowledge of the case said. A statement on the Shanghai No.1 intermediate People’s Court’s official WeChat account only referred to the banker by his surname, Sang, but a separate court document seen by Reuters gave the UBS banker’s full name as Sang Renzhao.
