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On Friday October 16, 2009, Raj Rajaratnam was arrested by the FBI and accused of conspiring with others in insider trading in several publicly traded companies. U.S. Attorney Preet Bharara put the total profits in the scheme at over $60 million, telling a news conference it was the largest hedge fund insider trading case in United States history.
The biggest money market scam ever committed in India, amounting to approximately ₹ 5,000 crores. The main perpetrator of the scam was a stock and money market broker Harshad Mehta. It was a systematic stock scam using fake bank receipts and stamp paper that caused the Indian stock market to crash. The scam exposed the inherent loopholes of ...
Insider trading in India is an offense according to Sections 12A and 15G of the Securities and Exchange Board of India Act, 1992, and the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015. Insider trading is when one with access to non-public, price-sensitive information about the securities of the ...
The day before, the stock closed at less than $3 per share; a few days later it was trading as high as $60 a share, The Wall Street Journal reported. 10 Unbelievable Cases of Insider Trading Skip ...
The NSE co-location scam relates to the market manipulation at the National Stock Exchange of India, India's leading stock exchange.Allegedly select players obtained market price information ahead of the rest of the market, enabling them to front run the rest of the market, [1] [2] possibly breaching the NSE's purpose of demutualisation exchange governance and its robust transparency-based ...
On Friday October 16, 2009, Raj Rajaratnam was arrested by the FBI for insider trading in the stock of several publicly traded companies. U.S. Attorney Preet Bharara put the total profits in the scheme at over $60 million, telling a news conference that it was the largest hedge fund insider trading case in United States history.
SEC v. Rajaratnam, 622 F.3d 159 (2d Cir. 2010), is a United States Court of Appeals for the Second Circuit case in which defendants Raj Rajaratnam and Danielle Chiesi appealed a discovery order issued by a district court during a civil trial against them for insider trading filed by the Securities and Exchange Commission (SEC).
The husband of a former manager at British oil and gas giant BP has pleaded guilty to insider trading after he took advantage of sharing a workspace with his now estranged wife during the pandemic ...