Retail Food Group: Damning Report Urges Investigation Into Insider Trading and Tax Allegations (The Guardian)
A federal parliamentary committee has recommended a wide-ranging investigation into allegations that Australia’s largest franchise owner, Retail Food Group, and its directors engaged in insider trading, short-selling and tax avoidance. The global food and beverage company, which operates the master franchise of brands including Gloria Jean’s, Brumby’s Bakery, Crust Gourmet Pizza Bar and Donut King, was roundly criticised by inquiry’s final report and found to have “damaged the reputation of franchising more broadly in Australia”.
Italy Court Upholds Fine on Petrofac CEO for Alleged Insider Trading on Saipem Shares (Reuters)
MILAN (Reuters) – A Rome court has upheld a fine imposed on Petrofac CEO Ayman Asfari by Italian market watchdog Consob for alleged insider trading in Saipem shares, a spokesman for the British oil services company said on Wednesday. Asfari, who has been CEO at Petrofac since 2002, is alleged to have made a profit on buying shares in the Italian oil contractor just before its then CEO Pietro Franco Tali resigned over a corruption inquiry.
Sebi Directs JPL Company Secretary to Disgorge Gains in Insider Trading Case (ZeeBiz.com)
Markets regulator Sebi Thursday directed Jagran Prakashan’s company secretary Amit Jaiswal and his wife to disgorge unlawful gains of Rs 10.41 lakh in an insider trading case. The regulator in an order held that Amit Jaiswal and his wife Mansi Jaiswal had traded in the shares of Jagran Prakashan Ltd while in possession of two unpublished price sensitive information (UPSI). “Noticees (Amit and Mansi) are liable to disgorge the entire amount of Rs 10.41 lakh impounded vide ad-interim ex-parte order dated November 20, 2015,” the regulator said.
Thursday 3/14 Insider Buying Report: CI, AR (Nasdaq.com)
As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy – they expect to make money. So let’s look at two noteworthy recent insider buys. On Monday, Cigna Holding’s President Government Business, Brian C. Evanko, made a $326,800 buy of CI, purchasing 2,000 shares at a cost of $163.40 a piece. So far Evanko is in the green, up about 4.7% on their buy based on today’s trading high of $171.08. Cigna Holding is trading up about 1.2% on the day Thursday. This buy marks the first one filed by Evanko in the past twelve months.
The EVP Wholesale of Tucows Inc (NYSE MKT: TCX) is Selling Shares (AnalystRatings)
Today, the EVP Wholesale of Tucows Inc (TCX), David John Woroch, sold shares of TCX for $421K. Following David John Woroch’s last TCX Sell transaction on December 13, 2018, the stock climbed by 13.2%. In addition to David John Woroch, one other TCX executive reported Sell trades in the last month.
Diebold Nixdorf Inc (NYSE:DBD) Insider Trading Activity – CFO Bought 19,100 shares of Stock (MarketExclusive)
Insider Trading Activity For Diebold Nixdorf Inc (NYSE:DBD): Jeffrey L. Rutherford , CFO of Diebold Nixdorf Inc (NYSE:DBD) reportedly Bought 19,100 shares of the company’s stock at an average price of 10.54 for a total transaction amount of $201,314.00.