Tag: Insider Trading

News

SEC Charges Former Congressman with Insider Trading

Stephen Buyer allegedly used inside information to buy $1.5 million in stocks. Criminal case pending as well July 25, 2022 – The Securities and Exchange Commission today filed insider trading charges against Stephen Buyer, a former U.S. Representative for Indiana’s 4th Congressional District. According to the SEC’s complaint, after leaving […]

insider trading
Enforcement News

SEC Charges Three Florida Residents in Multi-Million Dollar Insider Trading Scheme

The Securities and Exchange Commission announced charges against three Florida residents for trading in advance of market moving announcements involving DSW Inc., Rite Aid Corporation, and an attempt to acquire Aphria Inc., a Canadian cannabis-related business. According to the SEC’s complaint, David Schottenstein of Surfside, Fla. repeatedly obtained inside information […]

Compliance Corp Finance

Forms 3, 4 and 5

What is a Form 3? The federal securities laws require certain individuals (such as officers, directors, and those that hold more than 10% of any class of a company’s securities (“insiders”) to report purchases, sales, and holdings of their company’s securities by filing Forms 3, 4, and 5. When a […]

otc markets
Brokers Investors

Bloomberg Claims – Is the Stock Market Rigged? Most People Think So – We Don’t.

There was an interesting article at Bloomberg.com, which contends that insider trading is everywhere, and no one seems to care.

Having spent the better part of three decades as a securities attorney, and an investor, it seems to me that all three statements are not true. The stock market is not rigged, insider trading is not everywhere, and lots of people care about insider trading.