Final Judgments Handed Down Against Former Law Partner and His Neighbor Charged with Insider Trading (HedgeCo.Net)
(HedgeCo.Net) A federal district court has entered final consent judgments against a former law firm partner and his neighbor, who were charged with making more than $1 million in illicit profits by insider trading around corporate announcements. The SEC’s complaint, filed in the Southern District of New York on May 11, 2017, alleged that Walter C. Little accessed confidential documents on his law firm’s internal computer network related to at least 11 impending announcements involving law firm clients, none of which he personally advised or billed for services.
Infosys Fines Kiran Mazumdar-Shaw for Breach of Insider Trading Norms (Business-Standard.com)
The country’s second-largest information technology (IT) services company, Infosys, has imposed a penalty of ~9.5 lakh on its lead independent director, Kiran Mazumdar-Shaw, for inadvertently selling 1,600 shares of the company during open trading window period without prior permission to execute such a trade. In a filing to the exchanges, the IT firm said even though the trade was carried out by the portfolio manager without the knowledge of Mazumdar-Shaw, there was violation of the company’s Insider Trading Policy and the SEBI (Prohibition of Insider Trading) Regulations, 2015.
Thursday 2/28 Insider Buying Report: OTEL, MO (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 Tuesday, Otelco (OTEL)’s , Ira Sochet, made a $461,168 purchase of OTEL, buying 28,120 shares at a cost of $16.40 a piece. Otelco is trading down about 1.8% on the day Thursday. Before this latest buy, Sochet bought OTEL on 15 other occasions during the past twelve months, for a total investment of $4.19M at an average of $15.46 per share.
Forty Seven Inc (NASDAQ:FTSV) Insider Trading Activity – Director Sold 26,384 shares of Stock (MarketExclusive)
Insider Trading Activity For Forty Seven Inc (NASDAQ:FTSV): Irving Weissman , Director of Forty Seven Inc (NASDAQ:FTSV) reportedly Sold 26,384 shares of the company’s stock at an average price of 16.98 for a total transaction amount of $448,000.32.
The EVP & CFO of Magyar Bancorp (NASDAQ: MGYR) is Buying Shares (AnalystRatings)
Today, the EVP & CFO of Magyar Bancorp (MGYR), Jon Ansari, bought shares of MGYR for $3,525. Following Jon Ansari’s last MGYR Buy transaction on February 02, 2016, the stock climbed by 2.0%. In addition to Jon Ansari, one other MGYR executive reported Buy trades in the last month. Based on Magyar Bancorp’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $7.03 million and quarterly net profit of $685K.
Ex-Heartland CEO’s Girlfriend Must Face Insider Trading Suit (Law360.com)
Law360 (February 27, 2019, 7:38 PM EST) — A New Jersey federal judge told the girlfriend of Heartland Payment Systems Inc. founder and CEO Robert O. Carr he would not dismiss her from a lawsuit alleging she traded on…