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Hedge Fund and Insider Trading News: Paul Tudor Jones, Steven Cohen, Kyle Bass, Qualcomm Inc (QCOM), Parsons Corp (PSN), and More

Court Orders Robert M. Morano to Pay Insider Trading Penalty (Hedgeco.Net)
(HedgeCo.Net) The U.S. District Court for the District of Oregon entered a final judgment against Robert M. Morano ordering him to pay a $75,000 insider trading penalty, which represents approximately two times the amount of Morano’s illegal trading profits. The SEC’s complaint charges Morano, a former employee of UTi Worldwide, Inc., with insider trading based on material nonpublic information he learned about the company’s impending acquisition by DSV Air & Sea Holdings A/V. The SEC’s complaint alleges that Morano obtained more than $38,000 in illegal profits by purchasing shares of UTi prior to the acquisition announcement.

Tuesday 5/14 Insider Buying Report: PSN, NCS (Nasdaq.com)
At Parsons, a filing with the SEC revealed that on Thursday, Chief Financial Officer George L. Ball purchased 25,000 shares of PSN, at a cost of $29.40 each, for a total investment of $734,975. Ball was up about 10.9% on the purchase at the high point of today’s trading session, with PSN trading as high as $32.60 at last check today. Parsons is trading up about 3.4% on the day Tuesday. And at NCI Building Systems, there was insider buying on Friday, by CEO James S. Metcalf who bought 96,348 shares at a cost of $6.02 each, for a total investment of $580,015. Before this latest buy, Metcalf made one other purchase in the past year, buying $709,000 shares for a cost of $7.09 each. NCI Building Systems, Inc. is trading up about 0.7% on the day Tuesday.

Collins Adopts Favorite Tactic Of Indicted Lawmakers In Insider Trading Case (TalkingPointsMemo.com)
Rep. Chris Collins (R-NY) was well aware, when he allegedly engaged in insider trading in 2017, that he was under scrutiny from the Office of Congressional Ethics (OCE). He also acknowledges that he and his staff have used personal email addresses for congressional business. Collins’ lawyers say that’s all helpful to his case. Citing the U.S. Constitution’s “Speech or Debate” Clause, which protects legislative business from being used in criminal proceedings, they argued in court Friday that they should be able to see any OCE material shown to the grand jury that indicted the congressman. Certain other communications may be privileged too, they said.

Qualcomm Inc (NASDAQ: QCOM) Executives are Making Moves with Their Shares (AnalystRatings)
Today, the EVP & GC of Qualcomm Inc (QCOM), Donald Rosenberg, sold shares of QCOM for $603.8K. Following Donald Rosenberg’s last QCOM Sell transaction on October 16, 2014, the stock climbed by 25.3%. This is Rosenberg’s first Sell trade following 3 Buy transactions. Currently, Qualcomm Inc has an average volume of 16.63M. The Company has a Price to Book ratio of 26.9555. QCOM’s market cap is $104.2B and the company has a P/E ratio of 45.42.

Insider Trading: May 14, 2019 (BIV.com)
The following is a list of stock trades made by corporate executives, directors and other company insiders of B.C.’s public companies filed in the week ended May 8, 2019. The information comes from a compilation of required reports filed with the BC Securities Commission obtained from DisclosureNet.com. Insider Gilmour Clausen, officer. Company: Copper Mountain Mining Corp. (TSX:CMMC). Shares owned: 3,408,000. Trade date: May 2, 3. Trade total: $389,260. Trade: Acquisition of 398,000 shares at prices ranging between $0.97 and $0.99 per share.

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