Arab Today, arab today playboy heiress\ husband fined for trading
Last Updated : GMT 06:28:50
Arab Today, arab today
Arab Today, arab today

Playboy heiress\' husband fined for trading

Arab Today, arab today

Arab Today, arab today Playboy heiress\' husband fined for trading

New York - AFP

The son-in-law of Playboy\'s famed founder Hugh Hefner agreed to pay nearly $169,000 to settle charges of illegally profiting from insider trading in Playboy stock, US officials said Wednesday.William Marovitz, the husband of Hefner\'s daughter and former Playboy chief executive Christie Hefner, carried out the illegal trades between 2004 and 2009, the US Securities and Exchange Commission alleged in a lawsuit.Marovitz made the trades despite both his wife and Playboy\'s lawyer warning him not to trade in the company\'s shares, the SEC said.The SEC accused Marovitz of earning about $101,000 by buying and selling stock before the release of major news about Playboy, which is best known for its flagship magazine featuring erotic photographs of naked female models.In one trade detailed in the SEC\'s lawsuit, Marovitz bought 9,000 shares of Playboy stock in November 2009 after learning that the company was in talks with Iconix, a brand management company, about a possible acquisition.When news broke about the acquisition talks, shares of Playboy rallied 42 percent. Later, when Iconix dropped its bid to acquire the company, Marovitz attempted to sell all of his Playboy stock before it plunged in value.\"Marovitz breached the fiduciary duties of trust and confidence which he owed to Hefner and Playboy by purchasing and selling Playboy securities on the basis of material, non-public information,\" the SEC said.Marovitz agreed to pay $168,352 in disgorged profits and fines to settle the lawsuit, the SEC said. The settlement is still subject to court approval.Marovitz\'s wife, Christie Hefner, was chief executive of Playboy from 1988 to 2009. Her father, Hugh Hefner, started Playboy magazine in 1953 with a debut issue that famously contained nude photos of Hollywood star Marilyn Monroe.

arabstoday
arabstoday

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 playboy heiress\ husband fined for trading Arab Today, arab today playboy heiress\ husband fined for trading

 



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 playboy heiress\ husband fined for trading Arab Today, arab today playboy heiress\ husband fined for trading

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today EasyJet, Lufthansa among seven to bid

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Fighters celebrate Raqa victory

GMT 06:07 2017 Wednesday ,18 October

Fighters celebrate Raqa victory
Arab Today, arab today Iran's Facebook shuts down

GMT 23:50 2017 Monday ,16 October

Iran's Facebook shuts down
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today British actress becomes fifth woman

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Anoshka happy for reactions to her talk show

GMT 12:33 2017 Friday ,13 October

Anoshka happy for reactions to her talk show
Arab Today, arab today India to close colonial-era military farms

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 10:55 2017 Thursday ,12 October

Safaa Sultan happy for “Love School”

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:02 2017 Saturday ,14 October

Conservation cutbacks put Brazil's

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 12:25 2017 Saturday ,14 October

Squeeze on UK health gives advanced

GMT 07:02 2017 Sunday ,15 October

German minister sparks uproar

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
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