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Insider trading: FBI probes trading as KPMG quits Herbalife audit
KPMG said that it had resigned as the outside auditor for two clients due to the actions of a senior partner, who was in charge of the audit practice in its Los Angeles business unit. #ConnectTheDots #Insider trading #KPMG #Herbal Life
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KPMG fires senior partner for role in insider trading
KPMG fired its senior partner after it was informed l that the partner had been feeding non-public client information to a third party, who then allegedly used it in share trading involving several west coast companies. #didyouknow #Insider trading #KPMG #LA
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Sebi to announce new rules for insider trading, share buyback
Capital market regulator Sebi today said new guidelines to curb insider trading and new rules for share buyback would be announced shortly. #SEBI #Insider trading #PolicyWatch #share buyback
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Rajaratnam's brother pleads not guilty to insider trading charges
The indictments alleged that Rajaratnam conspired with his brother, Galleon founder Raj Rajaratnam, to trade on the basis of material, non-public information concerning Clearwire Corp and Advanced Micro Devices Inc (AMD) in 2008, earning nearly $1.2 million in profits in the aggregate. #Raj Rajaratnam #NewsTracker #Insider trading #Rengam Rajaratnam
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Raj Rajaratnam brother charged with insider trading too
Rengan Rajaratnam was a portfolio manager at Galleon, and the trades for which he was charged resulted in nearly $1.2 million of illegal profit #Raj Rajaratnam #NewsTracker #Insider trading #Rengan Rajaratnam
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Rajat Gupta seeks new trial, reversal of conviction on insider trading case
India-born former Goldman Sachs director Rajat Gupta has asked a US court for a new trial to reverse his conviction on insider trading charges, arguing that the district judge had committed "serious evidentiary errors" that tipped the scales decisively in the case. #NewsTracker #Rajat Gupta #Goldman Sachs #Insider-trading case #Rajarathinam
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Insider trading: Tribunal adjourns RIL-Sebi hearing till 24 January
RIL filed an appeal before SAT, which had listed the matter for hearing today. Sebi, however, sought more time from SAT to study the RIL petition, pursuant to which the Tribunal adjourned the matter #NewsTracker #SEBI #Insider trading #RIL #SAT
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Sebi names RIL entities involved in RPL insider trading
The Securities and Exchange Board of India has at long last disclosed the names of entities involved in the Reliance Petroleum insider trading case, including the ones related to Reliance Industries. #NewsTracker #SEBI #Insider trading #RIL
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Rajaratnam agrees to return $1.5 mn in insider-trading case
US hedge fund manager Raj Rajaratnam has agreed to pay disgorgement of about $1.5 million in a civil lawsuit filed by the Securities and Exchange Commission, and to waive his right to appeal the judgment, court papers showed. #Galleon Group #NewsTracker #Rajaratnam #Insider trading #Rajat Gupta #Goldman Sachs #Penalties
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Goldman wants Rajat Gupta to repay $7mn legal fees
India-born fallen Wall Street titan Rajat Gupta should be ordered to reimburse to Goldman Sachs $6.90 million of legal fees incurred in his insider trading case. #NewsTracker #Rajat Gupta #Goldman Sachs #Insider-trading case #Legal Fees