Monday 9/9 Insider Buying Report: AGYS, STLD (Nasdaq.com)
At Agilysys, a filing with the SEC revealed that on Wednesday, CEO Ramesh Srinivasan bought 10,000 shares of AGYS, at a cost of $25.13 each, for a total investment of $251,300. Agilysys is trading up about 1.8% on the day Monday. Before this latest buy, Srinivasan purchased AGYS on 2 other occasions during the past twelve months, for a total investment of $638,467 at an average of $20.60 per share. And on Friday, Senior Vice President Miguel Alvarez purchased $247,238 worth of Steel Dynamics, purchasing 8,920 shares at a cost of $27.72 a piece. Steel Dynamics is trading up about 5.7% on the day Monday.
The Sr VP, General Counsel & Sec of ACCO Brands is Exercising Options (Analyst Ratings)
Today it was reported that the Sr VP, General Counsel & Sec of ACCO Brands (ACCO), Pamela R. Schneider, exercised options to sell 38,050 ACCO shares at $7.64 a share, for a total transaction value of $353.5K. In addition to Pamela R. Schneider, 3 other ACCO executives reported Sell trades in the last month.
Insider Activity: Interim CEO at Overstock.com (OSTK) Buys $32k in Stock (Investors Observer)
Jonathan E Johnson III, interim CEO at Overstock.com (OSTK), bought 2,000 shares of the company’s common stock on Aug 30. At $15.98 per share, Johnson paid a total of $31,959 for the new shares.
Sri Lankan Billionaire Raj Rajaratnam Released After 8 Years in Prison (LankaBusinessOnline)
September 9, 2019 (LBO) – Former hedge fund titan and billionaire Raj Rajaratnam has been released from prison early after being incarcerated for almost 8 years. He was released approximately 2-3 years early due to a new law passed in the United States which proffers leniency to those who are over 60 years of age and have served 75% of their prison sentences. Rajaratnam (62) will serve the remainder of his prison sentence at home, with some privileges to work outside of the household. Raj Rajaratnam was the central figure in an insider trading investigation that generated a media frenzy in the United States. Instead of taking a plea bargain, Rajaratnam mounted a vigorous legal defence.
Los Angeles-Based Company and Two Executives Charged for Their Roles in $19 Million Illegal Securities Offering (HedgeCo.net)
(HedgeCo.Net) The Securities and Exchange Commission has charged Toon Goggles Inc., a Los Angeles-based company that offers on-demand entertainment content for children, and its founder, Ira Warkol, for conducting a $19 million illegal securities offering. The SEC also charged Warkol for acting as an unregistered broker-dealer in connection with the offering. The SEC’s complaint, filed in the U.S. District Court for the Central District of California, alleges that from at least August 2012 through late 2016, Toon Goggles and Warkol raised over $19 million from approximately 400 retail investors.