August 29, 2018/US SEC The Securities and Exchange Commission today charged a professional football player and a former investment banker with insider trading in advance of corporate acquisitions facilitated through coded text messages and FaceTime conversations. The SEC alleges that after meeting at a party, Mychal Kendricks began receiving illegal […]
Frauds & Scandals
SEC Charges Former Pharma Executive and Others with Insider Trading
August 24, 2018/US SEC The Securities and Exchange Commission today charged a former Sangamo BioSciences Inc. executive and others with participating in a scheme that generated $1.5 million of illegal profits on insider trading ahead of the announcement of a licensing agreement between Sangamo and Biogen Idec Inc., another large […]
Court Bars Recidivist from Serving in Senior Positions in Public Companies
August 24, 2018/US SEC A court has barred a repeat securities law violator from serving as an officer or director of publicly-traded companies for perpetuating an illegal market manipulation and insider trading scheme that involved Indiana-based company Imperial Petroleum, Inc., which purported to be in the renewable fuel production business. […]
