By Aaron Nicodemus2024-11-20T18:15:00
A bank examiner and senior manager at the Federal Reserve Bank of Richmond pled guilty to insider trading after allegedly misappropriating confidential information on seven banks to make profitable trades.
Robert Thompson pled guilty in U.S. District Court for the Eastern District of Virginia to one count of insider trading and one count of making false statements, the Department of Justice (DOJ) announced in a press release Tuesday. He faces up to 20 years in prison.
Federal Reserve Bank examiners are privy to confidential information about the banks they oversee, including confidential supervisory information (CSI). From 2020-24, the DOJ said Thompson executed 69 trades on banks under Federal Reserve Bank supervision that netted him nearly $772,000 in personal profits using confidential information, including CSI.
2024-07-11T18:46:00Z By Aaron Nicodemus
A former Apple attorney who oversaw the company’s compliance with insider trading rules will pay a $1.1 million fine to settle insider trading charges levied by the Securities and Exchange Commission.
2024-02-05T22:15:00Z By Jeff Dale
Westpac Banking Corp. was assessed a maximum fine of AUS$1.8 million (U.S. $1.2 million) to address charges levied by the Australian Securities and Investments Commission of insider trading related to an interest rate swap transaction.
2023-06-30T14:37:00Z By Kyle Brasseur
The Department of Justice and Securities and Exchange Commission announced charges against a dozen individuals across four separate insider trading cases, including an alleged scheme involving the chief compliance officer of an international payment processing company.
2025-10-20T18:07:00Z By Adrianne Appel
Three executives of a multinational voting machine company in the crosshairs of President Donald Trump since 2020 have been indicted in Florida by the U.S. Department of Justice for allegedly paying $1 million in bribes to the Philippines top election official.
2025-10-20T17:29:00Z By Ruth Prickett
U.K. motor finance companies are preparing to pay billions in compensation after a Supreme Court ruling found they sold unfair car loans over many years, failing to disclose key information and denying consumers the chance to compare deals or negotiate.
2025-10-17T21:09:00Z By Oscar Gonzalez
Even though the U.S. federal government is currently shut down, the U.S. Securities and Exchange Commission appears to still be at work. The financial regulator is reportedly investigating a major insurance and asset management company over its accounting practices.
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