Goldman’s Unwelcome Streak: A String of Insider Trading Charges (Bloomberg)
(Bloomberg) — Goldman Sachs Group Inc. has built itself into a global dealmaking force whose bankers are often stitching together the biggest and most sensitive corporate transactions. But a trio of charges in just the last 18 months has threatened to tarnish that standing. Bryan Cohen, a Goldman investment banker in New York, was arrested Friday over allegations of insider trading, court records show. It comes just months after another banker was sentenced to three months in prison for sharing illicit deal tips. And a third pleaded guilty last year to leaking information to a National Football League linebacker in exchange for tickets to games.
Notable Insider Buy In The Past Week: Assured Guaranty (Benzinga)
With the new earnings reporting season just started, the buy windows for many insiders are closed. One insider kept up a recent streak of purchases, however. Assured Guaranty Ltd. (AGO) 0.36% saw its chief investment officer add another 35,100 shares in the past week. At prices ranging from $45.25 to $46.52 a share, that totaled more than $1.61 million. That officer has added more than 129,000 shares to his stake so far this month. Assured Guaranty completed its acquisition of BlueMountain Capital Management earlier this month. Assured Guaranty shares were trading at $46.83 each on last look, above the top of the latest purchase price range.
Chris Collins’ Guilty Plea Fails to Ignite Congressional Reform Efforts (The Buffalo News)
WASHINGTON – Chris Collins’ guilty plea and resignation from Congress haven’t exactly led to a wave of reform sweeping across Capitol Hill. Instead, efforts aimed at preventing congressional wrongdoing remain exactly where they were before Collins left Congress on Oct. 1. They’re nowhere in sight. The House Ethics Committee abandoned its probe of Collins on the day he resigned, but remains quietly working on a separate reform package. Meanwhile, a broad reform bill lays on its deathbed in the Senate.
Insider Trading: Fidelity Bank Bans Directors, Relatives From Trading Shares (Tribune Online)
FIDELITY Bank PLC has directed its directors, managers and other high-ranking members of staff of the bank, as well as their related persons to stop the trading of the company’s equities on the floor of the Nigerian Stock Exchange (NSE). The directive was necessitated to avoid insider trading because of the company’s vital information at their disposal, which they may use to affect the price of the stock at the exchange to the disadvantage of others.
A Director at Mitcham Industries (NASDAQ: MIND) is Buying Shares (Analyst Ratings)
Today, a Director at Mitcham Industries (MIND), Peter Blum, bought shares of MIND for $29.48K. This recent transaction increases Peter Blum’s holding in the company by 2.24% to a total of $1.3 million. Based on Mitcham Industries’ latest earnings report for the quarter ending July 31, the company posted quarterly revenue of $8.9 million and GAAP net loss of $3.14 million.
