Tag

Insider Trading

All articles tagged with #insider trading

business3 days ago•4 min saved

SEC charges ex-BofA banker over $18.5M insider-trading windfall tied to SJ Industries deal

The U.S. Securities and Exchange Commission has sued Jason Satsky, the former head of Bank of America’s energy and power infrastructure unit, alleging he shared material non-public information about a planned takeover of South Jersey Industries with his friend Gavin Wolfe. Wolfe purchased about 2.2 million South Jersey shares for roughly $53 million between November and December 2021 and later generated about $18.5 million in illegal profits after the deal was announced in February 2022. The SEC says the two exchanged multiple messages and that their relationship included favors beyond business, but Bank of America is not accused; Satsky has left the bank and Wolfe is a former BofA employee who was not at the bank at the time of the trading.

via Financial Times|

#bank-of-america #business #insider-trading

politics9 days ago•11 min saved

Raskin Slams Trump’s Truth Social Fee Plan as Insider-Trading Risk

Rep. Jamie Raskin condemns a plan for Truth Social to charge up to $100,000 a month for early access to Trump’s posts, calling it a 'smash-and-grab' insider-trading scheme that could give traders a split-second edge and affect markets; the idea, discussed with Joe Rogan and reported by Reuters, raises questions about legality and market impact.

via HuffPost|

#insider-trading #jamie-raskin #joe-rogan

finance22 days ago•34 min saved

Markets reel at Truth API: Trump Media’s fast-access post feed draws debate

Trump Media launched Truth API to give institutional buyers faster access to posts from prominent Truth Social accounts, including Donald Trump, with Reuters noting potential pricing up to $100,000 per month. The move has sparked debate among finance figures and commentators who warn it could enable market-moving signals and raise insider-trading concerns, while others view it as a provocative test of information access in markets.

via Yahoo Finance UK|

#finance #insider-trading #markets

business22 days ago•14 min saved

Trump Media’s Truth API tests the edge of access and markets

Trump Media launched Truth API, a business-to-business data feed that speeds access to posts from prominent Truth Social accounts (including President Trump). Reuters reported the price could reach as high as $100,000 per month. The move drew mixed reactions from finance veterans and policy watchers: some say faster access could create more timely market signals, while others warn it could enable front-running or raise insider-trading concerns and cheapen policy wins. No official pricing has been disclosed, and early institutional access was granted.

via Yahoo Finance|

#business #financial-markets #insider-trading

politics1 month ago•4 min saved

House Advances Voting-Restriction Push and Stock-Trade Ban in Parallel Votes

The House approved a budget-reconciliation framework that could fund efforts to push states toward anti-voting measures under the SAVE America Act, and separately passed the Stop Insider Trading Act to bar members of Congress from trading individual stocks (with a voter-ID rider); both face uncertain prospects in the Senate, and timing remains tight amid looming deadlines, Iran-war costs, and midterm campaigning.

via Democracy Docket|

#budget-reconciliation #insider-trading #politics

politics1 month ago•3 min saved

House Advances Limited Stock-Trading Ban for Members

The House passed the Stop Insider Trading Act 232-198, which would bar members of Congress from buying individual stocks while in office, while allowing them to keep existing holdings and to sell portions of their portfolios if they publicly disclose seven days before the sale; penalties for mis-disclosures would rise to at least $2,000 or 10% of the transaction value. The bill also adds a voter-ID requirement, drawing Democratic opposition, and its fate in the Senate remains unclear, with critics calling it a weak reform that falls short of a full ban.

via CNBC|

#congress #ethics-reform #insider-trading

politics1 month ago•7 min saved

House weighs sweeping stock-trade restrictions for lawmakers

The House is set to vote on the Stop Insider Trading Act to curb stock trades by members, spouses, and dependent children, including prohibitions on purchasing individual stocks and required advance notices for sales; passage in the Senate appears unlikely, and critics say it isn’t a true ban. The piece highlights the biggest lawmakers’ trades, such as Ro Khanna, Nancy Pelosi, Michael McCaul, Tony Wied, and Gil Cisneros, based on Quiver Quantitative data.

via New York Post|

#congress #ethics #insider-trading

politics1 month ago•1 min saved

Truth API: Could Truth Social Spark Insider Trading?

The Bulwark reports Truth Social’s parent company is preparing Truth API, a paid feature that would give subscribers early access to posts before they appear to the general public, with prices reportedly up to $100,000 per month (or $60,000 with a three‑year commitment). The piece argues this could effectively legalize insider trading by blurring lines between social media and financial markets, highlighting a troubling vulnerability in theTrump-era media landscape.

via The Bulwark|

#insider-trading #politics #social-media

business1 month ago•1 min saved

Prompter Under Probe for $100K Insider Bets on Trump Speeches

A White House teleprompter operator is under investigation for allegedly using inside information to place bets on words Trump would say during major speeches via Kalshi, potentially earning nearly $100,000; Kalshi froze over $90,000 and notified the CFTC.

via BBC|

#business #cftc #insider-trading

politics1 month ago•193 min saved

White House Teleprompter Operator Faces Insider-Trading Probe Over Trump Speech Bets

Federal investigators at the Commodity Futures Trading Commission are examining White House deputy assistant Gabriel Perez for possible insider trading after trades on Kalshi’s prediction markets tied to words Trump would say at speeches; Kalshi flagged the activity and profits—over $90,000—are frozen while regulators review the trades. Perez is cooperating, and this marks the first known insider-trading case involving a White House staffer in connection with prediction markets.

via CNN|

#cftc #insider-trading #kalshi

business1 month ago•7 min saved

Firms tighten reins as insider trading fears mount on prediction markets

Insider-trading risk is rising on prediction markets like Kalshi and Polymarket, with Goldman Sachs banning certain event-related trades and a Google case highlighting enforcement risks. Few companies already have explicit policies; many are still developing guidance, while experts urge proactive training, monitoring, and clearer rules—especially as exchanges expand oversight and regulators explore liability for corporate employees.

via CNBC|

#business #corporate-policy #goldman-sachs

politics1 month ago•45 min saved

Polymarket Putin Exit Bet Sparks Buzz, But No Proof Yet

A large Polymarket bet (~$409,000) that Vladimir Putin will leave office by December 31, 2026 has drawn attention to prediction-market activity, but NBC News notes there’s no evidence of an imminent ouster amid the ongoing Ukraine conflict. The piece also highlights ongoing concerns about insider trading on such platforms and references a separate DOJ case involving bets tied to Venezuela. In short, a big wager doesn’t guarantee Putin’s departure, though it underscores speculative interest around his presidency.

via Yahoo|

#insider-trading #politics #polymarket

business1 month ago•2 min saved

Massive Polymarket Bet on Putin's Exit Fuels Insider-Trade Doubts

A Polymarket bettor placed roughly $409,000 on Vladimir Putin leaving office by December 31, 2026, with about an 11% implied probability, reviving scrutiny of insider trading on prediction markets after prior scandals. While the bet is notable, there’s no evidence of an imminent ouster and Putin remains in power amid ongoing Ukraine conflict, making the outcome uncertain despite market activity.

via Futurism|

#business #insider-trading #polymarket

business2 months ago•7 min saved

Kalshi tightens insider checks by requiring workplace disclosures on high-risk bets

Kalshi says it will begin collecting users’ employer information for bets on markets with heightened insider risk, to identify presumptive insiders and block trades before they’re placed. A risk-scoring system will flag high-risk markets (such as national-security topics) for heightened scrutiny, part of broader efforts to curb insider trading on prediction markets amid ongoing regulatory and enforcement scrutiny.

via BBC|

#business #compliance #insider-trading

business2 months ago•2 min saved

Kalshi Tightens Rules to Foil Insider Trading on Prediction Markets

Kalshi announced immediate measures to curb insider trading, including requiring employment details in select markets, a risk-scoring system to flag high-risk trades, and enhanced whistleblower tools; traders may be screened before placing orders, with quarterly committee reports, as the platform strengthens market integrity amid heightened scrutiny after cases like Polymarket; Kalshi says it stopped over 100 potential insider-trading incidents in Q1 using the new tools.

via CNBC|

#business #insider-trading #kalshi