Frederic Ruffy submits: The Securities and Exchange Commission [SEC] is investigating suspicious trading activity that surfaced in Parsippany, NJ-based DRS Technologies DRS options shortly before it received a takeout offer from Italy’s Finmeccanica SpA. According to regulators, some players in the options market bought call options on DRS based...
By Martha Graybow NEW YORK (Reuters) - U.S. regulators filed insider trading charges on Friday against unknown individuals accused of making suspiciously well-timed purchases of call options in two companies before they announced multibillion-dollar mergers. The case was brought in U.S. District Court...
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