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Singtel names insider as new group CEO amid sector slump

October 1, 2020

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SINGAPORE, Oct 1 (Reuters) – Singapore Telecommunications Ltd STEL.SI appointed an insider as its new group CEO on Thursday amid a challenging time for the industry, saying its current chief will retire in January after 13 years at the helm.

Singtel said its board had chosen Yuen Kuan Moon, the CEO of its Singapore consumer business, to replace Chua Sock Koong, 63, who will stay on as a senior adviser to the chairman to assist with the transition.

Yuen, 53, has been with Singtel since 1993 and is also its group chief digital officer.

He takes over as the company, which gets the bulk of its business outside Singapore, has been hit by intensifying competition in overseas markets such as India and Australia.

At a virtual news conference on Thursday, Chairman Lee Theng Kiat said Yuen was chosen after a global search that considered internal and

Former Amazon finance manager Laksha Bohra and family charged with insider trading

September 29, 2020

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A former finance manager for Amazon.com and two of her family members were charged on Monday with insider trading by the Securities and Exchange Commission, which accused the family of making $1.4 million from unlawful trading.

© Lindsey Wasson/Getty Images
SEATTLE, WA – APRIL 30: A person walks by an Amazon Go store at the downtown Amazon campus on April 30, 2020 in Seattle, Washington. Amazon recorded sales of $75.4 billion in the first three months of the year as many consumers increased their online purchases, up 26% over last year, but with net income for the same period falling nearly 31% due to costs of managing the coronavirus pandemic. (Photo by Lindsey Wasson/Getty Images)

The complaint alleges that Laksha Bohra, a senior manager in Amazon’s tax department, leaked confidential information about the company’s financial performance to her husband Viky Bohra. The husband and his father then traded on the

Former Amazon finance manager and family charged with $1.4m insider trading scheme

September 29, 2020

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The US Securities and Exchange Commission (SEC) has charged a former Amazon finance manager with insider trading.

On Monday, the regulatory watchdog said that from at least January 2016 to July 2018, Laksha Bohra conducted securities trading based on confidential information she had access to as a member of the e-commerce giant’s tax department.

The senior manager was involved in preparing and reviewing financial statements included in Amazon’s quarterly earnings. Bohra allegedly leveraged this knowledge to play the market in what is known as insider trading in order to reap “illicit profits,” according to SEC.

See also: Shopin founder charged by SEC for running $42 million scam cryptocurrency ICO

36-year-old Bohra not only played this game herself but also allegedly tipped off members of her family, including her father-in-law and husband.

“Bohra disregarded quarterly reminders prohibiting her from passing material nonpublic information or recommending the purchase or sale of Amazon

U.S. charges former Amazon manager and her family members with insider trading

September 29, 2020

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By Katanga Johnson, Michelle Price

FILE PHOTO: The U.S. Securities and Exchange Commission logo adorns an office door at the SEC headquarters in Washington, June 24, 2011. REUTERS/Jonathan Ernst

WASHINGTON (Reuters) – The Securities and Exchange Commission on Monday charged a former finance manager at Amazon.com, Inc. and two of her family members with insider trading in advance of the company’s earnings announcements between January 2016 and July 2018.

The SEC alleged that Laksha Bohra, who worked as a senior manager in Amazon’s tax department, acquired and tipped her husband Viky Bohra with highly confidential information about Amazon’s financial performance.

The complaint alleges that Viky Bohra and his father, Gotham Bohra, then traded on this confidential information, reaping illicit profits of approximately $1.4 million.

The SEC’s complaint, filed in federal court in Seattle, charges all three Bohras with violating anti-fraud provisions of the federal securities laws. They have agreed to

Former Amazon manager and family members charged with insider trading

September 29, 2020

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Constellation Research’s Ray Wang, Gibbs Wealth Management President Erin Gibbs and Payne Capital chief market strategist Courtney Dominguez add their perspective on markets and investing ahead of a week of big tech earnings.

A former finance manager at e-commerce giant Amazon on Monday was charged with insider trading by the Securities and Exchange Commission.

The SEC alleged a senior manager in Amazon’s tax department, who analyzed and reviewed numbers ahead of the company’s quarterly an annual earnings reports, is said to have obtained “highly confidential” information about the company’s performance and tipped off her husband from Jan 2016 through July 2018.

The employee’s husband and his father made trades using the information on 11 separate accounts, earning then family $1.4 million from the unlawful trades.

AMAZON PRIME DAY SET FOR OCT. 13 – OCT.14

“Employees with access to confidential, potentially market-moving corporate information may not use that information to enrich

SEC charges former Amazon finance manager, family members with insider trading

September 28, 2020

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The complaint alleges that Viky Bohra and his father, Gotham Bohra, then traded on this confidential information, reaping illicit profits of approximately $1.4 million.

The SEC’s complaint, filed in federal court in Seattle, charges all three Bohras with violating anti-fraud provisions of the federal securities laws. They have agreed to pay total disgorgement of approximately $1.4 million, total prejudgment interest of $118,406, and total penalties of about $1.1 million.

In a parallel action, the U.S. attorney’s office for the Western District of Washington on Monday filed criminal charges against Viky Bohra.

Each of the Bohras did not respond to a Reuters request for comment.

Amazon declined to comment.

United, pilots agree to deal to avoid furloughs

United Airlines and its pilots have reached an agreement that both sides say will avoid about 2,850 furloughs that were set to take effect later this week and another 1,000 early next year.

The

Ex-Amazon Manager, 2 Others Charged by SEC With Insider Trading

September 28, 2020

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The Securities and Exchange Commission on Monday charged a former finance manager at Amazon (AMZN) – Get Report and two family members with insider trading, improperly earning $1.4 million of profit between January 2016 and July 2018.

In a complaint the SEC filed in a federal court in Seattle, the agency said that Laksha Bohra, a senior manager in Amazon’s tax department who worked on the Seattle tech and online-retail giant’s earnings reports; her husband, Viky Bohra, and Viky’s father, Gotham Bohra, traded on confidential information about Amazon’s financial performance.

The SEC’s complaint alleges that in 11 separate accounts maintained by different members of the Bohra family, Viky and Gotham Bohra traded on confidential information that Laksha shared.

“We allege that the Bohras repeatedly and systematically used Amazon’s confidential information for their own gain,” said Erin Schneider, director of the SEC’s San Francisco Regional Office, in a statement.

SEC charges former Amazon finance manager and her family in $1.4M insider trading case

September 28, 2020

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A former senior manager in Amazon’s tax department has been charged with insider trading by the Securities and Exchange Commission.

Laksha Bohra allegedly acquired confidential information while she prepared and reviewed calculations used to formulate Amazon’s quarterly and annual earnings filed with the SEC between January 2016 and July 2018, according to a news release from the agency on Monday.

Bohra is accused of tipping information about Amazon’s financial performance to her husband, Viky Bohra. The complaint alleges that Viky Bohra and his father, Gotham Bohra, traded on the information in 11 separate accounts maintained by different members of the Bohra family.

Laksha Bohra is also said to have “disregarded quarterly reminders prohibiting her from passing material nonpublic information or recommending the purchase or sale of Amazon securities.” The family allegedly made $1.4 million in profits from the unlawful trading.

“We allege that the Bohras repeatedly and systematically used Amazon’s