Ex-BP Exec Settles SEC’s TravelCenter Insider Trading Lawsuit
Former BP PLC senior manager Kevin Crotty has agreed to settle SEC claims that he purchased TravelCenters of America stock ...
JD Supra12d
“Novel” or Not: the SEC and DOJ’s Expansion of Insider Trading to “Shadow Trading” and 10b5-1 Plans Survive Their Days in Court
On April 5, 2024, the U.S. Securities and Exchange Commission ("SEC") won a jury verdict in its first "shadow trading" insider trading action. Only a few weeks before this verdict, a court denied a ...
JD Supra5d
“Shadow Trading” is Insider Trading: Jury Establishes Liability in Historic Shadow Trading Case
On April 5, 2024, a jury found Matthew Panuwat civilly liable for insider trading in violation of federal securities laws 1 in a first-of-its-kind “shadow trading” case (also referred to as “sympathy ...
GistFest on MSN4d
Two Investors Plead Guilty to Insider Trading in Trump Media
Two Florida brothers pleaded guilty to securities fraud over their roles in a $23m insider-trading scheme when they traded on ...
MarketWatch1d
SEC Charges Former BP Employee With Insider Trading on TravelCenters Deal
The U.S. Securities and Exchange Commission on Friday charged a former BP employee with insider trading related to the company's acquisition ... Crotty's settlement is still subject to court approval.