Insider Trading Ring
Ivan Boesky, convict in 1980s insider trading scandal, dies at 87
Described as a "money-orientated monomaniac," Boesky himself said his work was "a sickness I have in the face of which I am helpless"
 "Ivan Boesky, convict in 1980s insider trading scandal, dies at 87")
Billionaire Joe Lewis gets no prison time at sentencing for insider trading
British billionaire Joe Lewis, whose family trust owns the Tottenham Hotspur soccer club, will not spend any time in prison after pleading guilty to insider trading and conspiracy charges in New York, a federal judge said. Judge G.L. Clarke cited Lewis' decision to promptly come to the United States to face charges and his failing health, along with a lifetime of good works, in ruling that Lewis will face three years on probation and a $5 million fine rather than time behind bars. Lewis, 87, was wearing an eye patch and one of his hands shook steadily throughout the one-hour proceeding in a federal court in Manhattan. He has remained in the United States since last July. Before he was sentenced, Lewis spoke briefly, saying he learned growing up in England during World War II how precious life is and decided to devote much of his life to finding a cure for horrendous diseases. Your honor, I'm here today because I made a terrible mistake. I'm ashamed, he said. Lewis said he hoped to
 "Billionaire Joe Lewis gets no prison time at sentencing for insider trading")
Sebi proposes flexibility in framework of trading plans under insider rules
Capital markets regulator Sebi on Friday came out with a proposal to provide flexibility in adopting trading plans by persons, who are perpetually in possession of unpublished price sensitive information. Under the rule, 'Trading Plans' (TP) enable persons like senior management or Key Managerial Personnel (KMP), who are perpetually in possession of Unpublished Price Sensitive Information (UPSI), to trade in securities in a compliant manner. "Since the introduction of trading plans in 2015, data and market feedback suggest that the current regulatory requirements in respect of trading plans are onerous and consequently, trading plans are not very popular," Sebi said in its consultation paper. Accordingly, Sebi constituted a working group that was mandated to review provisions of TP under the insider trading rules. As per the consultation paper, the working group has recommended that a minimum cool-off period between disclosure of TP and implementation of TP should be reduced to fou
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SEC charges three Indians in insider trading ring spanning three countries
The SEC obtained a court-ordered freeze of assets in three US brokerage accounts and one US bank account connected to the alleged trading
 "SEC charges three Indians in insider trading ring spanning three countries")
