Category: Insider Trading

SEC complaint against Roy Cook and others over insider tradingS
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March 13, 2024

SEC Charges: Insider Trading Web Unraveled at Tallgrass Energy

The U.S. (SEC has exposed a nefarious insider trading ring led by Roy Cook, a former board member of Tallgrass Energy LP. This scheme, which involved Cook and four of his close associates, capitalizes on confidential information ahead of a public takeover announcement by Blackstone Infrastructure Partners. The culprits have been ordered to cough up more than $2.2 million in a settlement that encompasses disgorgement, prejudgment interest, and hefty civil penalties.
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FCA apologizes for mistakes in the supervision of collapsed Premier FXG
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February 25, 2024

Goldman Sachs Trader’s Conviction in London: A Signal of FCA’s Renewed Vigilance

In a judgment that has reverberated through the corridors of London's financial district, former Goldman Sachs analyst Mohammed Zina was recently sentenced to 22 months in prison for insider dealing and fraud, as reported by the Financial Times. This case marks a significant milestone for the UK's Financial Conduct Authority (FCA), underscoring its intent to clamp down on financial misconduct with renewed vigor.
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SEC insider investigation into CoinbaseS
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July 26, 2022

SEC Investigation – Is Coinbase Listing Unregistered Securities?

As reported by FinTelegram last week, the U.S. SEC announced insider trading charges against a former Coinbase product manager and two other people. The U.S. DOJ announced the arrest of these individuals. According to Barron's, the case "hinges on a subtle but critical" question of whether some cryptocurrencies listed on Coinbase are actually securities. Consequently, the U.S. Securities and Exchange Commission (SEC) launched a respective probe into Coinbase, Bloomberg reported.
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June 14, 2022

US SEC Filed Insider Trading Charges Against Former Employee Of Online Trading Company!

On 13 June 2022, the U.S. Securities and Exchange Commission (SEC) announced insider trading charges against David Roda, a former software engineer at Penn National Gaming's subsidiary Penn Interactive Ventures, in connection with the parent company's $2 billion acquisition of Toronto-based Score Media and Gaming, Inc. The SEC's complaint alleges that, while employed at Penn Interactive, Roda was given confidential information about the planned acquisition to generate more than a half-million-dollar in unlawful profits.
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