The U.S. Securities and Exchange Commission said on Wednesday it froze the assets of certain traders in a suspected insider trading scheme involving more than $3.6 million in profits related to the takeover Fortress Investment Group by Japan's SoftBank Group Corp. SoftBank said after the ...
Three Chinese citizens have been criminally charged in the United States with trading on confidential corporate information obtained by hacking into networks and servers of law firms working on mergers, U.S. prosecutors said on Tuesday. Iat Hong of Macau, Bo Zheng of Changsha, China, and ...
The new minister for regional revitalization has said he won't resign over reports that he tried to obstruct an investigation by the securities watchdog. Kozo Yamamoto, 68, who took the post a month ago, denied magazine reports that he exerted pressure on the Securities and ...
Hall of Fame golfer Phil Mickelson confirmed that FBI agents investigating insider trading approached him this week at the Memorial tournament. The five-time major champion said Saturday he has done "absolutely nothing wrong." A federal official briefed on the investigation told AP that the FBI ...
A top lieutenant to billionaire Steven A. Cohen was convicted of insider trading Wednesday in a verdict that could strengthen the government's outstanding cases involving the storied hedge fund Cohen created two decades ago. After two days of deliberation, a federal jury in Manhattan found ...
Nomura Holdings Inc. said employees who leaked insider information on client transactions three years ago will be punished as the regulator signals an end to a crackdown that roiled the nation's largest brokerage last year. Nomura will take "strict action" against the two employees who ...
SAC Capital Advisors will plead guilty to criminal fraud charges, stop investing money for others and pay $1.8 billion — the largest financial penalty in history for insider trading — to resolve criminal and civil claims against the hedge fund giant, the government announced ...
The Tokyo District Court hands down a suspended prison sentence and an ¥11 million fine to a former trade ministry official for insider trading in the bailout of Elpida Memory Inc.
