The board has also released funds amounting to Sh3.8 million belonging to the last trader following a determination that he had not traded using insider information
The case came to light when an employee at a money transfer company provided insider information
to the perpetrators.
According to Article 14, it shall not be permitted for a chairman, members of the board of directors of a listed company, director general or any of the employees who has access to insider information
to trade - whether by themselves or through others - in the securities of the same company or its parent company, subsidiary, affiliate or allied company if any of those companies were listed on the market, during a period of 15 days before disclosing the financial statements of the company and until they are disclosed.
NASCAR employees are prohibited from disclosing confidential information and from requesting insider information
that could potentially help "their own gain or for the gain of others." They are allowed to participate in fantasy sports relating to the three national touring series, Cup, Xfinity and Truck, but may not accept prizes with a value of more than $250 in any games.
According to Article 14, it shall not be permitted for a chairman, members of the board of directors of a company, any of the employees who has access to insider information
to trade -- whether by themselves or through others -- in the securities of the same company or its parent company, subsidiary, affiliate or allied company if any of those companies were listed on the market, during a period of 15 days before disclosing the financial statements of the company and until they are disclosed.
During the hearing at the court, the FCA prosecutor cross-examined defendant Walid Choucair, 39, and asked whether Fiyaz engaged in market manipulation with Choucair, a day trader whom the FCA accuses of making pound1.4 million in profit trades on the basis of insider information
. Richard Wormald, lawyer for Choucair, told the jury that Alshair Fiyaz made $8.3 million in profits from three trades that mirrored ones made by the defendant.
In the United States about the only fraudulent trading that will get you in trouble is buying or selling on insider information
. The most famous case in recent memory was when television personality and businesswoman Martha Stewart went to prison.
A former financial analyst for a north suburban medical waste management company used insider information
to trade shares of the company ahead of an earnings report, according to a federal criminal charge filed today by the U.S.
3379-U, Dated 11 September 2014, 'On the List of Insider Information
of the Entities Mentioned in Clauses 1-4, 11 and 12 of Article 4 of the Federal Law 'On Countering the Misuse of Insider Information
and Market Manipulation and Amending Certain Laws of the Russian Federation' (effective from 1 July 2018; posted on the Bank of Russia website on 19.03.2018);
Based on an insider information
, Petron dealers had faced challenges from dealers of new petroleum industry players such as Davao-based Phoenix, which had been aggressively expanding across the country.
Provider of mining services Ahtium Plc (HEL:TLVIV) announced on Tuesday that it has been notified that charges have been brought against the CEO and a member of its executive committee, acting as the deputy CEO, on a case concerning alleged misuse of insider information
in the city, if a trader uses insider information
to frame trading prices he or she faces criminal prosecution.