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Stories 1 - 20 |
New Leaders After
Stock Ban Stalls
Sep 30, 2022 4:42 PM CDT
Democrat Wants New Leaders After Stock Ban Stalls
Pelosi brings the issue up just before recess
- House Democratic leaders are taking heat for their handling of legislation to bar lawmakers from trading stocks. Rep. Abigail Spanberger, the Democrat who introduced the bill two years ago with support from both parties, issued a statement Friday saying House leaders had set the legislation up to fail, bringing the...
on Insider Trading Charges
Jul 25, 2022 5:26 PM CDT
Ex-Congressman Arrested on Insider Trading Charges
Stephen Buyer acted on nonpublic information as a corporate consultant, agency says
- Former Republican Rep. Stephen Buyer was arrested Monday on insider trading charges, one of nine people facing unrelated prosecutions. The Securities and Exchange Commission said it's launched criminal and civil cases against the former Indiana lawmaker over transactions made after he left office, the
New York Times
Report: SEC Has Its Eye
on Elon Musk's Brother
Feb 25, 2022 4:31 AM CST
Report: SEC Has Its Eye on Elon Musk's Brother
Kimbal Musk sold $108M in shares the day before Elon Musk posted Twitter poll
- In November, Elon Musk sold Tesla shares worth billions of dollars after polling Twitter users about the move. The Securities and Exchange Commission is now taking a close look at stock sales made by his brother, Kimbal Musk, a day before the poll was posted, the
Wall Street Journal
Fed's Vice Chair, Facing
Questions on Trades, Resigns
Jan 10, 2022 6:35 PM CST
Fed's Vice Chair, Facing Questions on Trades, Resigns
Richard Clarida is the third top official to leave under a cloud
- The vice chair of the Federal Reserve is resigning in the face of questions about his stock trading during the pandemic. Richard Clarida, whose term was in its last month, made the announcement Monday but did not elaborate, the
reports. "I will miss his wise counsel and...
SEC Filing Puts
Call Under the
Oct 29, 2021 9:41 AM CDT
SEC Filing Puts 50-Second Burr Call Under the Microscope
Agency: Senator's brother-in-law dumped stocks after conferring with Burr in early days of pandemic
- In February 2020, Sen. Richard Burr was the head of the Senate Intelligence Committee, as well as a member of the chamber's Health, Education, Labor, and Pensions panel. He also had staffers tasked with helping out with the emerging pandemic. Those ties, and the knowledge on the coronavirus he...
SEC Says It Busted
Netflix Insider Trading Ring
Aug 19, 2021 2:57 PM CDT
SEC Says It Busted Netflix Insider Trading Ring
They allegedly profited from insider information about subscriber growth numbers
- Netflix subscriber numbers experienced major growth between 2016 and 2019—and so did the bank accounts of three software engineers who illegally used inside information to profit from stock trades, according to the Securities and Exchange Commission. The watchdog says the three employees and two of their associates made a...
Pfizer CEO Sold Big Chunk of
Shares on Day of Vaccine News
Nov 12, 2020 6:39 AM CST
Pfizer CEO Sold Big Chunk of Shares on Day of Vaccine News
He sold $5.6M in shares as price soared
- Pfizer CEO Albert Bourla sold a big chunk of his shares on the same day the company announced very promising news on a coronavirus vaccine , according to an SEC filing. Bourla sold shares worth $5.6 million as the company's stock price soared on Monday, but the company says...
Shares Dive After a
Tweet About Kodak Loan
Aug 10, 2020 2:27 PM CDT
Shares Dive After a Tweet About Kodak Loan
SEC is said to be investigating the announcement of the $765M deal
- A tweet Friday hit Kodak hard Monday. "Recent allegations of wrongdoing raise serious concerns," the US International Development Finance Corp. posted . "We will not proceed any further unless these allegations are cleared." It was a reference to planned $765 million government loan that would allow Kodak...
Chair of Senate Intel Panel
Steps Down Amid Inquiry
May 14, 2020 11:38 AM CDT
Chair of Senate Intel Panel Steps Down Amid Inquiry
Richard Burr will leave post until investigation into his stock moves in pandemic is completed
- Sen. Richard Burr is temporarily giving up his chairmanship of one of the most powerful Senate committees while the FBI investigates insider trading allegations, reports the Hill . The North Carolina Republican will step aside as chair of the intelligence panel as the investigation continues. Burr, who was privy to classified...
on Senator Who
May 14, 2020 12:43 AM CDT
FBI Serves Search Warrant on Senator Who Dumped Stock
Richard Burr was privy to confidential coronavirus briefings at the time
- One of the senators who sold off stock after confidential briefings on the coronavirus in early February is now under investigation by the FBI. The bureau served a search warrant on Richard Burr, chairman of the Senate Intelligence Committee, Wednesday, per the
Los Angeles Times
. The North Carolina Republican asked...
Backed Up Her
Apr 5, 2020 9:49 AM CDT
Loeffler Hasn't Backed Up Her Defense on Stock Deals
Senator won't name the financial advisers she said acted after her coronavirus briefing
- Accused of profiting off insider information, Georgia Sen. Kelly Loeffler defended her stock deals by saying they were made by financial consultants acting on their own. So far, the
reports, she's presented no evidence of that. Loeffler and her husband, Jeff Sprecher, sold stocks in a list...
Senator's Virus Stock Trades
Under Federal Inquiry
Mar 30, 2020 9:01 AM CDT
Senator's Virus Stock Trades Under Federal Inquiry
Justice Department is investigating Richard Burr's financial moves
- A senator's well-timed stock selloff before the coronavirus crisis arrived in full is now the subject of a federal investigation. CNN reports that the Justice Department has begun an inquiry into the financial moves of Richard Burr. The North Carolina Republican chairs the Senate Intelligence Committee, and he sold...
'My Life Has Been Shattered'
Jan 18, 2020 5:30 AM CST
Ex-Congressman Sentenced: 'My Life Has Been Shattered'
Chris Collins, first in Congress to endorse Trump, gets 2-plus years for securities fraud, lying to FBI
- A former congressman who was one of President Donald Trump’s first supporters was sentenced Friday to two years and two months in federal prison after admitting he helped his son and others dodge $800,000 in stock market losses when he learned that a drug trial by a small...
Ex-Lawmaker: Don't Throw Me
in Prison. I Was a Boy Scout
Jan 14, 2020 1:05 PM CST
Ex-Lawmaker: Don't Throw Me in Prison. I Was a Boy Scout
Rep. Chris Collins has pleaded guilty to insider trading
- Prosecutors are seeking maximum prison time for a former lawmaker who's pleaded guilty to insider trading, Politico reports. Rep. Chris Collins, who initially denied the accusations, now faces up to five years in prison. "It is critically important that the sentence imposed on Congressman Collins drive home the...
Rep. Chris Collins Resigns
Ahead of Expected Guilty Plea
Sep 30, 2019 1:40 PM CDT
Rep. Chris Collins Resigns Ahead of Expected Guilty Plea
Gov. Andrew Cuomo will set a special election to fill the seat, which leans Republican
- Rep. Chris Collins, a Republican congressman from western New York, is resigning from his seat ahead of an expected guilty plea in an insider trading case in which he was accused of leaking confidential information during an urgent phone call made from a White House picnic on June 22, 2017....
Indicted Congressman Does
U-Turn, Revives Campaign
Sep 20, 2018 3:50 AM CDT
Indicted Congressman Does U-Turn, Revives Campaign
Chris Collins says the 'stakes are too high'
- A Republican lawmaker who dropped out of a House race in upstate New York after being charged with insider trading has decided to drop back in. Rep. Chris Collins, the first member of Congress to endorse President Trump, said in a statement that constituents in his Buffalo-area district can now...
Aug 11, 2018 11:05 AM CDT
Indicted GOP Rep Changes His Plans
Chris Collins suspends his re-election campaign
- In an about-face, US Rep. Chris Collins is ending his re-election bid days after the Republican was charged with insider trading. Collins released a statement Saturday morning saying he will suspend his campaign and fill out the rest of his term, the AP reports. Collins was indicted Wednesday on charges...
Call Made From Picnic Led to
Charges for Rep. Chris Collins
Aug 8, 2018 1:57 PM CDT
Call Made From Picnic Led to Charges for Rep. Chris Collins
Indictment alleges he read an email about a failed drug trial, alerted his son
- GOP Rep. Chris Collins surrendered to federal agents in New York on Wednesday to face insider trading charges. CNBC quotes the Justice Department as saying the indictment is tied to "securities of Innate Immunotherapeutics ... an Australian biotechnology company on whose board of directors Christopher Collins served." The allegation...
He Dumped All
His Equifax Stock.
Now, Criminal Charges
Mar 14, 2018 11:10 AM CDT
He Dumped All His Equifax Stock. Now, Criminal Charges
Jun Ying charged with insider trading
- Before Equifax went public with news of its massive data breach last September, Jun Ying, the company's then-US chief information officer, exercised and sold all his stock options. Now the SEC says the nearly $1 million move was insider trading, and Ying has been charged to that end in...
Icahn Dumps $31M in Shares
Before Steel Tariff Unveiled
Mar 3, 2018 6:32 AM CST
Icahn Dumps $31M in Shares Before Steel Tariff Unveiled
Former Trump adviser apparently saw it coming
- Billionaire investor Carl Icahn—who once worked as a "special adviser" to President Trump—dumped about $31 million of shares in a company that depends on steel imports just days before Trump announced tariffs on steel imports, the
reports. On February 12, Icahn began selling his shares in...
Stories 1 - 20 |
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