Arab Today, arab today playboy heiress\ husband fined for trading
Last Updated : GMT 20:58:07
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.

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 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 06:11 2017 Thursday ,23 February

Football: Turkish company wins Qatar World Cup contract

GMT 05:46 2017 Thursday ,23 February

SABIC net profits fall in 2016

GMT 21:01 2017 Wednesday ,22 February

Saudi Aramco mulls offering citizens discounted shares

GMT 16:50 2017 Wednesday ,22 February

Yahoo salvages Verizon deal

GMT 15:47 2017 Wednesday ,22 February

Airbus faces challenges as it enters new era
View News in Arabic - Business: أخبار الشركات
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