New Delhi, May 28 (IANS) US authorities have charged a Google software engineer for allegedly using confidential company information to generate approximately $1.2 million in profits via trading placed on a prediction market platform, according to the Department of Justice (DOJ).Michele Spagnuolo — a 36-year-old Italian citizen residing in Switzerland — was charged with commodities fraud, wire fraud and money laundering in connection with an alleged insider trading scheme involving prediction …
Latest Insider Trading News & Updates
Washington, May 8 (IANS) Lawmakers in the US House of Representatives have move a legislation to ban members of Congress and their staff from trading on prediction markets. It comes days after the Senate unanimously adopted similar restrictions amid growing scrutiny over potential insider trading and ethics concerns.Republican Congresswoman Ashley Hinson of Iowa on Thursday introduced a resolution to amend House rules and prohibit lawmakers, congressional staff and House officers from entering a…
Mumbai, April 8 (IANS) Manappuram Finance Limited on Wednesday said that it has reported a violation of its code of conduct under insider trading rules, involving a transaction carried out through the portfolio management services (PMS) account of one of its independent directors.The company said the trade was linked to Abhijit Sen, who serves as an Independent and Non-Executive Director and is also the Chairman of the Audit Committee.According to the disclosure, the transaction took place on Fe…
New Delhi, March 5 (IANS) Force Motors Limited on Thursday said it has received a communication from the Securities and Exchange Board of India (SEBI) seeking detailed information related to a past financial announcement and the company’s stock price movement during February 2024.In a regulatory filing, the company said the market regulator sent an email on February 4, 2026, asking for details regarding its unaudited standalone and consolidated financial results for the quarter and half-year e…
Washington, Feb 25 (IANS) US President Donald Trump pressed Congress to pass a series of major legislations ranging from border enforcement and voter identification to healthcare reform and insider trading restrictions, using his State of the Union address to lay out an aggressive domestic agenda.“Tonight, I am demanding the full and immediate restoration of all funding for the Border Security and Homeland Security of the United States,” Trump told lawmakers in his first State of the Union A…