Ex-PetMed Exec Settles SEC Insider Trading Allegations (Bloomberg Law)
A former PetMed Express Inc. executive will pay almost $515,000 to end an SEC suit accusing him of using insider trading, according to Sept. 24 filings in Florida federal court. James Alex Irvin was the marketing director at the online pet pharmacy, also known as 1-800-PetMeds, when he traded ahead of six PetMed quarterly earnings announcements, the Securities and Exchange Commission said in the U.S. District Court for the Southern District of Florida.
Feds Allege Insider Trading Around Golden Flake, Utz Merger (AL.com)
The U.S. Securities and Exchange Commission is accusing five Alabama men of insider trading in connection with the 2016 merger of Birmingham-based Golden Enterprises, the parent company of Golden Flake, and Utz Quality Foods. The 21-page complaint, filed today in the Southern Division of U.S. District Court, says that information about the sale trickled down from longtime Golden Enterprises director James Nall Sr. through his son, James Nall III, to three other men who know each other in Thomaston, in Marengo County. Pennsylvania-based Utz Quality Foods bought Golden Enterprises, Golden Flake’s parent company, for $141 million in 2016.
L&T Finance: SEBI Disposes Of Insider Trading Case Against Factorial Master Fund (Bloomberg Quint)
The Securities and Exchange Board of India on Monday dropped insider trading charges against Cayman Islands-based Factorial Master Fund, in the shares of L&T Finance Holdings Ltd. While annulling the charges against the firm, SEBI said, “the charges levelled against the Noticee, viz., Factorial Master Fund do not stand established and the matter is, accordingly, disposed of.” The order comes after the regulator conducted an investigation and observed that Factorial had allegedly indulged in unusual and aggressive trading for the period between March 10, 2014, and March 14, 2019, in the scrip of L&T Finance a day ahead of the offer-for-sale announcement while in possession of unpublished price-sensitive information and made a profit of over Rs 20 crore.
The SRVP & Pres., Ident Solns of Brady Corp (NYSE: BRC) is Selling Shares (Analyst Ratings)
Today, the SRVP & Pres., Ident Solns of Brady Corp (BRC), Russell Shaller, sold shares of BRC for $246K. In addition to Russell Shaller, 8 other BRC executives reported Sell trades in the last month. Following Russell Shaller’s last BRC Sell transaction on July 01, 2019, the stock climbed by 4.5%.