Hedge Fund and Insider Trading News: Jacob Gottlieb, Neil Woodford, Praesidium Investment Management, Edwards Lifesciences Corp (EW), Pacific Premier Bancorp, Inc. (PPBI), and More

Ambit Capital Pays Rs 6 Crore To Settle Insider Trading Case With SEBI (Bloomberg)
Brokerage house Ambit Capital has settled with the Securities and Exchange Board of India a case of alleged insider trading in Manappuram Finance Ltd. shares by paying Rs 6 crore towards settlement charges. SEBI agreed to settle proposed adjudication proceedings in the case, pertaining to alleged violation of insider trading norms, after it was approached by Ambit Capital with a plea under the settlement regulations “without admitting or denying the findings of fact and conclusion of law”. In a settlement order, SEBI said it has disposed of the adjudication proceedings initiated against the applicant — Ambit Capital.

Edwards Lifesciences Corp (EW) Chairman & CEO Michael A Mussallem Sold $5.2 million of Shares (Guru Focus)
Chairman & CEO of Edwards Lifesciences Corp., Michael A Mussallem, sold 22,850 shares of EW on 12/12/2019 at an average price of $229.6 a share. The total sale was $5.2 million. Edwards Lifesciences Corp is a part of the healthcare sector. The company specializes in the treatment of structural heart disease. It manufactures heart valves and repair products used to replace or repair a patient’s diseased or defective heart valve.

The SEVP of Pacific Premier Bancorp (NASDAQ: PPBI) is Selling Shares (Analyst Ratings)
Yesterday, the SEVP of Pacific Premier Bancorp (PPBI), Tom Rice, sold shares of PPBI for $203K. In addition to Tom Rice, 4 other PPBI executives reported Sell trades in the last month.

GIC Settles Insider Trading Case with Sebi, Pays Rs 1.23 cr as Remittance (Business-standard.com)
General Insurance Corporation of India (GIC) has settled with regulator Sebi a case of alleged violation of insider trading norms by paying over Rs 1.23 crore towards settlement charges. The markets watchdog had conducted an investigation in the scrip of Axis Bank and observed that state-owned GIC had delayed in making disclosures with respect to change in its shareholding in the private lender as required under Prohibition of Insider Trading norms.

Realpage Inc (RP) Chairman President & CEO Stephen T Winn Sold $8.1 million of Shares (Guru Focus)
Chairman President & CEO of Realpage Inc., Stephen T Winn, sold 150,000 shares of RP on 12/12/2019 at an average price of $54.15 a share. The total sale was $8.1 million. RealPage Inc is a provider of demand software and software-enabled services for the rental housing and vacation rental industries. Its solutions include marketing, pricing, leasing, accounting, purchasing, and other property operation capabilities.