Arab Today, arab today former yahoo executive charged with insider trading
Last Updated : GMT 17:41:11
Arab Today, arab today
Arab Today, arab today

Robert Kwok leaked news about Microsoft deal

Former Yahoo! executive charged with insider trading

Arab Today, arab today

Arab Today, arab today Former Yahoo! executive charged with insider trading

US regulators announced that a former Yahoo! executive has agreed to plead guilty in an insider trading scheme
San Francisco - AFP

US regulators announced that a former Yahoo! executive has agreed to plead guilty in an insider trading scheme US regulators announced that a former Yahoo! executive has agreed to plead guilty in an insider trading scheme that involved leaking word of the Internet search giant\'s pact with Microsoft. Robert Kwok was senior director of business management at Yahoo! in 2009 when the firm negotiated an alliance with Microsoft to have Bing technology power online searches, according to the Securities and Exchange Commission.
Kwok shared news of the supposedly secret pact with Reema Shah, who was then the mutual fund manager for Ameriprise Financial Inc., the SEC said.
Shah orchestrated the purchase of more than 700,000 shares of Yahoo! stock based on Kwok\'s \"illegal tip\" and then sold them for a profit of $389,000 after the Microsoft deal went public, the SEC charged.
Shah had done a similar favor for Kwok a year earlier, letting him in on inside word that Autodesk was about to buy Moldflow Corporation, according to the SEC. Kwok made $4,754 trading on the \"nonpublic information,\" it said.
\"Kwok and Shah played a game of you scratch my back and I\'ll scratch yours,\" SEC enforcement division associate director Scott Friestad said in a statement.
Kwok and Shah spoke frequently since meeting in 2008, with Kwok sharing inside knowledge about Yahoo!\'s financial performance and Shah reciprocating with snippets of information from her job to help guide Kwok\'s investment decisions, according to the SEC.
The California residents have agreed to plead guilty to conspiring to commit securities fraud, it said.
Under the terms of the plea deals, which must be approved by a judge, Shah will be barred from the financial securities industry and Kwok will not be allowed to serve as an officer or director of a public company.
Financial penalties would be determined by a court at a later date.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today former yahoo executive charged with insider trading Arab Today, arab today former yahoo executive charged with insider trading

 



Arab Today, arab today
Arab Today, arab today Saudis await visitors but will they come?

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Blind sheikh buried in Egypt

GMT 06:32 2017 Thursday ,23 February

Blind sheikh buried in Egypt
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 10:01 2017 Tuesday ,21 February

Egypt pound rebounds from flotation slide

GMT 09:57 2017 Tuesday ,21 February

Greece agrees to bailout reforms compromise

GMT 09:55 2017 Monday ,20 February

Thailand 2016 growth up but below junta target

GMT 09:29 2017 Monday ,20 February

Kraft Heinz withdraws bid for Unilever

GMT 09:22 2017 Monday ,20 February

China's huge debt poses big headache for central bank

GMT 18:23 2017 Sunday ,19 February

Darwesh vows to provide job opportunities for youth

GMT 12:10 2017 Sunday ,19 February

Welcomes the F&B solution of the future
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Salma Rashid happy for 'A Whisper of Love'

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday