Search Results for: insider trading

Russian national Vladislav Klyushin Tuesday was convicted by a federal jury in Boston for his role in the orchestration of a $90 million hacking and insider trading scheme. The jury found Klyushin guilty of conspiracy to gain unauthorized access to computers, wire and securities fraud, and conspiracy to commit wire fraud and securities fraud. In [...]

Russian President Vladimir Putin Wednesday signed an executive order banning the sale of Russian oil exports for five months to countries that implemented a fuel and energy price cap in response to the war in Ukraine. A Kremlin website said the executive order responded “to the unfriendly actions taken by the United States, other foreign [...]

The US Court of Appeals for the Second Circuit Tuesday reversed insider trading convictions against four defendants over leaks from a US healthcare agency. In the 2-1 decision, the court dismissed various fraud and theft charges against former hedge-fund partners Theodore Huber and Robert Olan, political intelligence consultant David Blaszczak and former US Centers for [...]

Recently, Thailand passed an important human rights law following significant pressure from many parties including NGOs, victims of torture, relatives of the dead and missing, and investigative journalists. On 24 October 2022, the King signed into law the Prevention and Suppression of Torture and Enforced Disappearances Act which Parliament enacted on 26 August 2022. This [...]

Why was the cryptocurrency exchange FTX valued at $32 billion before it filed for bankruptcy? Many of the world’s most sophisticated investors believed it was worth that much and invested billions based on that valuation. They failed to detect the company’s massive misconduct and their investments were completely wiped out over the course of a [...]

Law students from the European Union are reporting for JURIST on law-related events in and affecting the European Union and its member states.  Panagiotis Lampropoulos is a recent graduate of the University of Bristol Law School (UK). He is currently doing a year of required military service in Greece.  On September 17, 2013, Pavlos Fyssas, [...]

The situation in Myanmar continues to deteriorate, with news received on July 25 that four activists have been executed. The executions are the first carried out in Myanmar for several decades. The government mouthpiece, the Global New Light of Myanmar, claimed that the activists’ crimes were “giving directions, making arrangements, committing conspiracies for brutal and [...]

The Security and Exchange Commission (SEC) Monday filed charges against former US congressman Stephen Buyer for insider trading. The SEC’s complaint states that when “Buyer left Congress in 2011 and set up a consulting company called the Steve Buyer Group,” in both 2018 and 2019 Buyer used material non-public information from two clients “to trade securities [...]

In his epochal, controversial and highly polarizing essay, “The Social Responsibility of Business Is To Increase Its Profits,” published in the New York Times Magazine some 70 years ago, Nobel Prize-winning economist Milton Friedman argued against the social responsibility of businesses, and explicitly declared that “the business of business is business.” The shareholder value theory of the [...]

On November 4, 2021, US Senators Rob Portman (R-OH) and Jacky Rosen (D-NV) announced the introduction of S.3175 – 117th Congress (2021-2022): Advancing American Artificial Intelligence Innovation Act of 2021 to Congress. Although the stated goal of S. 3175 is to ensure private companies have access to accurate data so they can better meet Department of Defense [...]