For years, Sri Lanka has occupied the international spotlight for one of its contentious laws—the Prevention of Terrorism Act (PTA). The PTA was introduced in 1979 during the Sri Lankan Civil War using the emergency law provisions in Part II of the Public Security Ordinance. While similar laws exist in other nations, showing widespread acceptance [...]
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SEC charges former software executive with bribery violations
The US Securities and Exchange Commission on Wednesday announced that a former software executive at SAP SE (SAP) , Vincente E. Garcia, agreed to settle charges filed against him for violating the Foreign Corrupt Practices...
The US Securities and Exchange Commission (SEC) on Tuesday indicted an international web of hackers and traders who stole information from press releases prior to publication and traded on said information, making over $100 million...
Pennsylvania federal court issues indictment for insider trading
The US District Court for the Eastern District of Pennsylvania issued an indictment Thursday against real estate lawyer Herbert Sudfeld for alleged insider trading. The charges include securities fraud, three counts of making a false statement...
The US Supreme Court on Monday denied certiorari in appeal brought by Rajat Gupta, the former director of the Goldman Sachs Group Inc, for his 2012 insider trading conviction. The petition submitted...
The US Supreme Court on Monday rejected an appeal by Rajat Gupta, the former Goldman Sachs director convicted of insider trading. This rejection leaves in place a lifetime ban on serving as...
The US Court of Appeals for the Second Circuit on Wednesday overturned the insider trading convictions of two former hedge fund traders. Defendants Todd Newman and Anthony Chiasson were convicted in May 2013 on charges...
Federal judge dismisses two counts against Rengan Rajaratnam in insider trading trial
A judge for the US District Court for the Southern District of New York on Tuesday dismissed two securities fraud counts against Rengan Rajaratnam, the brother Raj Rajaratnam , the founder of the now defunct...
The US Court of Appeals for the Second Circuit on Tuesday affirmed the insider trading conviction of former Goldman Sachs director Rajat Gupta. Judge Amalya Kearse rejected Gupta's claim that wiretap evidence should...
US authorities indict multi-billion dollar hedge fund for insider trading
The US Attorney for the Southern District of New York on Thursday filed a announced charges against SAC Capital Advisors , the hedge fund run by billionaire Steven Cohen . Although...