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U.S. regulators have charged a former senior Bank of America investment banker with insider trading, accusing him of disclosing confidential information about a major energy sector acquisition to a longtime friend, enabling illicit profits worth $18.5 million.
Malaysia's Court of Appeal has unanimously upheld a High Court judgment finding former WCT deputy managing director Goh Chin Liong and Ara Holdings director Leong Ah Chai liable for insider trading, affirming a RM5.83mil penalty and ordering disgorgement of avoided losses.
The founder of Abu Dhabi-based AI startup AppliedAI pleaded guilty to insider trading, having profited from confidential merger details shared by lawyers at prominent US law firms, part of a wider investigation spanning dozens of accused participants.
The Federal Court has rejected ex-Patimas director Ng Back Heang's final appeal in an insider trading case valued at RM1.2 million, concluding his application presented no fresh legal arguments.