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Fidelity clawback of free ETF trading costs to hit investors – Financial Times

Stay informed with free updates Just sign up for Exchange traded investment trust myFT Digest — delivered straight to your inbox. Latest ETF news Please visit ETF hub To learn more and explore detailed data and comparison tools Fidelity plans to start charging investors a $100 exchange-traded fund purchase fee per trade if sponsors don’t […]

British billionaire Joe Lewis gets no prison time at sentencing for insider trading

NEW YORK (AP) – Joe Louis, the British billionaire whose family trust owns Tottenham Hotspur soccer club, has no intention of going to prison after pleading guilty to insider trading and conspiracy charges in New York. No, a federal judge announced Thursday. In sentencing Lewis to three years’ probation and a $5 million fine rather […]

Billionaire crook Joe Lewis, 87, dodges prison for insider trading

Joe Louis, an octogenarian British billionaire who wears a patch over his right eye, was released from prison on Thursday after being found guilty of insider trading, claiming he might die in prison due to his “frail” condition. Avoided. Manhattan Federal Court Judge Jessica Clark granted the 87-year-old defendant a reprieve after prosecutors said they […]

Brothers plead guilty to insider trading tied to Trump media company

Two brothers pleaded guilty in federal court Wednesday to their roles in a $22 million insider trading scheme connected to a company that took former President Trump’s social media company public. Florida venture capitalist Michael Schwartsman, 53, and his brother Gerald, 46, each pleaded guilty to one count of securities fraud and were sentenced to […]

Two plead guilty to insider trading tied to Truth Social merger

Two men on Wednesday pleaded guilty to insider trading in the securities of the company that ultimately exposed former President Donald Trump’s media operations. Michael Shvartzman, 53, head of Miami-based venture capital firm Rocket One Capital, and his brother Gerald Shvartzman, 46, each appeared before U.S. District Judge Louis Lehman in Manhattan. Pleaded guilty to […]