December 2, 2008
The butler did it, SEC contends
The Securities and Exchange Commission is claiming the former butler of businessman Robert F.X. Sillerman illegally profited in stock trading by using confidential information regarding his boss' acquisition plans.
BOL: positive result, but stock falls
Shares in Boom Logistics (BOL), a provider of mobile and tower crane hire, fell 2.52% to $3.10 despite releasing a favourable outlook for the current year with an 11% net profit after tax for financial year 2007. Stock trading ranged between 3.050 - 3.160, amid a turnover of 803,176 - down from its average daily turnover of 1,394,980. During the year four businesses were acquired by Boom
Signs of insider trading surge along with mergers
The boom in U.S. corporate mergers is creating concern that illicit trading ahead of deal announcements is becoming a systemic problem.
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