Former Goldman Sachs director Rajat Gupta turned himself in to US authorities on Wednesday to face charges of insider trading for leaking key information to a friend, which allegedly produced more than $18 million in illicit profits.
The Securities and Exchange Commission charged the former director of Goldman Sachs and Procter & Gamble with insider trading Tuesday, claiming Rajat Gupta illegally informed a hedge fund manager associate about the quarterly earnings for both firms.
German auto giant Daimler has been hit by an insider trading scandal involving the European defence group EADS. Investigating French judges are pursuing charges related to share sales in 2005 and 2006.
Federal agents have arrested a consulting firm executive in New York in what is expected to be the first of multiple arrests linked to an extensive insider-trading scam that has been under investigation for the past three years.
A seventh person suspected of insider dealing has been arrested in a major probe by the UK’s financial watchdog on banks including Deutsche Bank AG and BNP Paribas SA, as well as US hedge fund Moore Capital, in London's financial district.
Six men have been arrested on suspicion of insider dealing after a major probe by the UK’s Financial Services Authority on banks including Deutsche Bank AG and BNP Paribas SA, as well as US hedge fund Moore Capital, in London's financial district.
France’s financial market watchdog (AMF) said Thursday that its three-year investigation into Franco-German aeronautics giant EADS had found no proof of insider-trading.
French securities regulator AMF begins hearings over alleged insider trading at the European aerospace giant EADS Monday. The company is accused of misleading investors by concealing information of delays in its A380 project.
EADS' shares rose by as much as 7% on its first half profits announcement Tuesday after the firm hiked cash forecasts. Its two biggest shareholders, Daimler and Lagardere, also announced they had been provisionally cleared of insider trading.
