Welcome to GRIP, Global Relay’s new digital information service on practical compliance and regulatory change.
Please enjoy this free trial of our subscription content service, for a limited time only.
-
BofA accused by whistleblower of sharing nonpublic information
The bank’s own policy mandates a cooling-off period of two-to-four weeks if bankers speak for any reason to investors that might participate in the deal.
-
SEC cites Sound Point Capital Management for its handling of nonpublic info
The SEC said the fund adviser’s policies failed to consider the potential impact of material nonpublic information gained from serving as company lenders.
-
SEC charges FlowPoint principal for breaching fiduciary duty to private funds
The SEC charged the adviser and principal with making misleading statements to Investors and breaching its fiduciary duties to private funds.
-
First insider trading conviction based on misuse of 10b5-1 trading plans issued
The DOJ described the case as the first it has prosecuted exclusively based on a rule that allows company insiders to create a predetermined plan to sell shares.
-
Trafigura settles with CFTC in first action taken over impediment of whistleblowers
Regulator hopes to send signal after agreeing to a $55m settlement.
-
SEC & DOJ bring insider trading charges related to Dick’s Sporting Goods earnings
The cases revolve around MNPI an individual got from a Dick’s Sporting Goods employee to engage in nearly 200 trades of the company’s securities.
-
SEC wins landmark case on shadow trading enforcement action
Shadow trading case extends potential insider trading liability, creating considerable risk for both companies and insiders.
-
Husband pleads guilty to $1.8m securities fraud after eavesdropping on wife’s calls about acquisition
Deal details overheard as couple worked together in remote office.