Trading

Inside Trading and Legal Battles: Top UnitedHealth Executives Face Allegations Amid DOJ Investigations

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MINNEAPOLIS, Minn. — A series of lawsuits implicating insider trading practices at UnitedHealth Group have emerged, with allegations pinpointing the actions of senior executives amid ongoing investigations by the Department of Justice. At the center of these lawsuits, filed between May and August in Minnesota, are Stephen Hemsley, the board chair of UnitedHealth, and Brian Thompson, the former CEO of UnitedHealthcare. The legal action initiated by the City of Hollywood Firefighters Pension Fund claims the executives capitalized on confidential information to benefit personally through the sale of significant amounts of company shares. According to court … Read more

Grand Jury Charges Two Texans in Major Illegal Firearm Trading Case

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San Antonio, TX — A federal grand jury in San Antonio has indicted two Texas men on charges of illegally dealing in firearms, marking a significant crackdown in ongoing efforts to curb unregulated gun sales. The men, whose names have not been disclosed, are alleged to have operated without the necessary federal licenses, engaging in the sale of numerous firearms over several months. According to the U.S. Attorney’s Office, the indictment, unsealed this week, details how the duo purportedly sold weapons frequently used in the commission of various crimes, directly contravening federal laws designed to … Read more

BitMEX Co-Founder’s ‘God Access’ Trading Desk Under Legal Scrutiny: Judge Orders Suit to Proceed

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Wilmington, Delaware – The co-founder of cryptocurrency exchange BitMEX, Arthur Hayes, has been ordered by a judge to defend himself in a lawsuit over allegations of facilitating illicit trading activities. The lawsuit accuses Hayes and his colleagues of creating a “God Access” trading desk that provided unfair advantage to certain users. The ruling comes after a federal judge in Delaware denied Hayes’ motion to dismiss the case. The judge stated that the plaintiffs had presented sufficient evidence to move forward with their claims. The lawsuit was filed by BMA LLC, a former client of BitMEX, … Read more

Controversial Insider Trading Verdict Raises Concerns About Vague Legal Definition

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San Francisco, CA – The recent insider trading case against Matthew Panuwat has sparked a debate over the definition and prosecution of insider trading in the United States. The U.S. Securities and Exchange Commission (SEC) celebrated a jury verdict in favor of the prosecution, asserting that it was a clear case of insider trading. However, critics argue that the SEC’s theory of shadow trading is novel and not explicitly outlined in the federal statutes that govern insider trading. According to the SEC, Panuwat used confidential information about an impending acquisition of biopharmaceutical company Medivation, Inc., … Read more