A vice president at Goldman Sachs Group Inc. was charged with securities fraud for using inside information about a dozen of the investment bank’s clients to make more than $140,000 from illegal trades with a co-conspirator in South Korea.
Woojae “Steve" Jung, a Korean citizen working at Goldman Sachs’s San Francisco office, was charged with one count of conspiracy and six counts of securities fraud for running the scam from 2015 to 2017, according to records unsealed Thursday in federal court in Manhattan.
The bank didn’t immediately have a comment when reached by phone. Goldman Sachs isn’t identified in the complaint but Jung’s LinkedIn page says he’s worked at the bank since 2012 after graduating from Wharton Business School.
Jung, 37, tried to hide his connection to the trading by purchasing the securities in a brokerage account held in the name of a friend living in South Korea, according to a parallel suit filed by the U.S. Securities and Exchange Commission.
Top 5 Gold Stocks To Own Right Now: Orezone Gold Corp (ORE)
- [By Jim Robertson]
Finally, Richard Seville, the CEO of Brisbane-based Orocobre Ltd (ASX: ORE) which began lithium sales in 2015 from northern Argentina and also experienced difficulty boosting output, commented that an inability to access traditional funds has delayed the development of the sector and that these projects arent easy — so the banks just dont want to go there.
- [By Stephan Byrd]
Galactrum (ORE) is a PoW/PoS coin that uses the
Lyra2RE hashing algorithm. It launched on November 11th, 2017. Galactrum’s total supply is 2,092,679 coins and its circulating supply is 1,372,679 coins. Galactrum’s official Twitter account is @galactrum. Galactrum’s official website is galactrum.org.
Top 5 Gold Stocks To Own Right Now: NEW GOLD INC.(NGD)
- [By Lisa Levin]
Check out these big penny stock gainers and losers
Check-Cap Ltd. (NASDAQ: CHEK) fell 23.3 percent to $9.87 in pre-market trading after declining 13.45 percent on Wednesday.
SunCoke Energy Partners, L.P. (NYSE: SXCP) fell 12.8 percent to $16.00 in pre-market trading after reporting Q1 results.
Briggs & Stratton Corporation (NYSE: BGG) fell 11 percent to $17.55 in pre-market trading after the company posted mixed Q3 results and lowered its FY18 guidance.
New Gold Inc. (NYSE: NGD) fell 8.4 percent to $2.30 in pre-market trading following downbeat Q1 results.
Quality Care Properties, Inc. (NYSE: QCP) fell 8.2 percent to $20.85 in pre-market trading. Welltower announced plans to acquire QCP for $20.75 per share in cash.
China Customer Relations Centers Inc. (NASDAQ: CCRC) shares fell 7.5 percent to $17.25 in pre-market trading after climbing 18.73 percent on Wednesday.
Nokia Corporation (NYSE: NOK) shares fell 5.7 percent to $5.58 in pre-market trading after reporting Q1 results.
eBay Inc. (NASDAQ: EBAY) fell 5.6 percent to $38.66 in pre-market trading following Q1 results.
- [By Paul Ausick]
New Gold Inc. (NYSE: NGD) dropped about 4.7% Friday to post a new 52-week low of $2.05. Shares closed at $2.15 on Thursday and the stock’s 52-week high is $4.25. Volume was about 50% higher than the daily average of 4.2 million. The junior gold miner had no specific news.
- [By Lisa Levin] Gainers
ARMO BioSciences, Inc. (NASDAQ: ARMO) shares rose 67.5 percent to $49.96 in pre-market trading after Eli Lilly and Company (NYSE: LLY) announced plans to acquire ARMO BioSciences for $50 per share.
Turtle Beach Corporation (NASDAQ: HEAR) rose 62.8 percent to $11.30 in pre-market trading after the company reported Q1 results and raised its FY18 outlook.
vTv Therapeutics Inc. (NASDAQ: VTVT) rose 23.4 percent to $2.11 in pre-market trading following announcement that the company will pre-specify new subgroup with the FDA and report Phase 3 Part B results in June.
Resonant Inc. (NASDAQ: RESN) rose 19.1 percent to $5.00 in pre-market trading after reporting Q1 results.
RXi Pharmaceuticals Corporation (NASDAQ: RXII) rose 17.7 percent to $2.39 in pre-market trading following Q1 results.
Clean Energy Fuels Corp. (NASDAQ: CLNE) rose 15.2 percent to $2.20 in pre-market trading after French company Total announced plans to acquire 25 percent stake in Clean Energy Fuels for $83.4 million.
Everspin Technologies, Inc. (NASDAQ: MRAM) rose 14.6 percent to $8.50 in pre-market trading after the company reported strong results for its first quarter.
Carvana Co. (NYSE: CVNA) shares rose 11 percent to $27.50 in pre-market trading after reporting upbeat Q1 sales.
Sunrun Inc. (NASDAQ: RUN) rose 8.9 percent to $10.70 in pre-market trading following upbeat quarterly earnings.
MediciNova, Inc. (NASDAQ: MNOV) rose 8.1 percent to $11.35 in pre-market trading after the company announced opening of Investigational New Drug Application for MN-166 (ibudilast) in glioblastoma.
New Gold Inc. (NYSE: NGD) shares rose 7.7 percent to $2.65 in pre-market trading after the company reported that its President and CEO Hannes Portmann left the company. The company named Raymond Threlkeld as successor.
Otter Tail Corporation (NASDAQ: OTTR) shares rose 7.4 percent to $46.60 in the pre-market trading session.
Himax Technologies, Inc. (NASDAQ: HIMX) shares rose
- [By Paul Ausick]
New Gold Inc. (NYSEAMERICAN: NGD) dropped about 2.9% Monday to post a new 52-week low of $2.35. Shares closed at $2.42 on Friday and the stock’s 52-week high is $4.25. Volume was about 10% below the daily average of around 5.8 million shares. The gold mining company had no news.
- [By Paul Ausick]
New Gold Inc. (NYSEAMERICAN: NGD) dropped about 3.8% Thursday to post a new 52-week low of $2.28. Shares closed at $2.37 on Wednesday and the stock’s 52-week high is $4.25. Volume was about 15% below the daily average of around 5.9 million shares. The company had no specific news.
Top 5 Gold Stocks To Own Right Now: Northgate Minerals Corporation(NXG)
- [By Shane Hupp]
Shares of NEX Group PLC (LON:NXG) have been given an average rating of “Hold” by the nine ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is GBX 696 ($9.21).
Top 5 Gold Stocks To Own Right Now: CME Group Inc.(CME)
- [By ]
My pick this week has created a faster, more centralized marketplace for bond traders… and it’s led by a guy who once worked the trading floors of the Chicago Mercantile Exchange (CME). Better yet, recently passed regulations could force traders’ hands in joining this new system.
- [By Logan Wallace]
Trexquant Investment LP purchased a new position in CME Group (NASDAQ:CME) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 24,661 shares of the financial services provider’s stock, valued at approximately $3,989,000.
- [By ]
CME Group (Nasdaq: CME) is the world’s largest and most diverse futures exchange group, operating in four segments — the Chicago Mercantile Exchange, the Chicago Board of Trade, the New York Mercantile Exchange and the Commodity Exchange.
- [By ]
In the Lightning Round, Cramer was bullish on Nucor (NUE) , Ball Corp (BLL) , Chicago Mercantile Exchange (CME) and McDonald’s (MCD) .
Cramer was bearish on United States Steel (X) , Teva Pharmaceuticals (TEVA) , Aqua America (WTR) and Mueller Water Products (MWA) .
- [By Ethan Ryder]
Cashme (CURRENCY:CME) traded down 0.1% against the US dollar during the 1 day period ending at 18:00 PM ET on May 23rd. One Cashme coin can currently be purchased for about $0.0003 or 0.00000003 BTC on popular exchanges. Over the last week, Cashme has traded 55.3% higher against the US dollar. Cashme has a market capitalization of $0.00 and approximately $0.00 worth of Cashme was traded on exchanges in the last day.