The Securities and Exchange Commission on Wednesday settled with a former stock analyst over accusations that he had failed to tell investors what he really believed about the value of a company’s shares he was promoting. Charles P. Grom, who worked for Deutsche Bank, will pay $100,000 to settle charges by…
The U.S. Securities and Exchange Commission has decided to drop a lawsuit accusing two Dubai men of insider trading in Onyx Pharmaceuticals Inc while the cancer drugmaker was mulling a takeover bid by Amgen Inc. Without explanation, the SEC asked U.S. District Judge Paul Oetken in Manhattan to dismiss its…
Patrick J. Smith, co-chair of the white-collar practice at DLA Piper,told The Wall Street Journal that prosecutors “took insider-trading law and applied it to garden-variety research techniques—and criminalized behavior the trading community had long considered to be lawful.” The message sent by the Second U.S. Circuit Court of Appeals was…
