tyb
Intuit, Inc. Executive Chairman sold $29.81m-Dec 20
Intuit specializes in the development, publishing and marketing of management software for private individuals and for small and medium businesses. The group also offers consulting, training, and technical assistance services, etc. Net sales break down by family of products as follows:
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management software (50.2%): accounting management, financial, commercial, real estate, payroll preparation, and other types of software, mainly sold under the QuickBooks and Intuit brands;
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personal tax management software (42.2%): TurboTax brand;
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professional tax management software (7.6%; ProConnect): Lacerte, ProSeries, ProFile and ProConnect Tax Online brands for professional accountants.
Almost all sales are in the United States.
Number of employees : 9 400 people.
https://www.finviz.com/insidertrading.ashx?oc=938861&tc=7&b=2
am still a tad bummed that we were not able to commemorate the 1 year anniv of this on the day it habbened.
Ex-HSBC North America Interest Rate Head Sued by CFTC for Fraud
The former head of HSBC Holdings Plc’s North American interest rates business was sued for fraud by the U.S. Commodity Futures Trading Commission.
Christophe Rivoire helped manipulate the price of an interest rate swap between the bank and a bond issuer, the CFTC said in a complaint filed Friday in Manhattan federal court. The agency claimed the issuer had negotiated with the bank to price a bond and related swaps using U.S. dollar interest rate basis swaps with a five-year maturity.
According to the CFTC, Rivoire in July 2012 directed a trader he supervised to trade in a way to reduce the prices for the five-year basis swaps to make the transaction more profitable for HSBC. As a result, the trader, who isn’t named, worked with a broker at an unidentified interdealer broker firm to time the sale of a large quantity of swaps in a way that would manipulate the prices as displayed on broker screens.
Rivoire falsely told the issuer “Obviously we are not controlling the screen,” according to the CFTC. The move reduced the value of the transaction for the issuer and deceived other market participants, the CFTC said in its complaint.
The CFTC is seeking an order imposing civil fines and a trading ban on Rivoire, a French national who couldn’t immediately be located.
HSBC called the case “a historical matter.”
“In the last several years, we have significantly strengthened our compliance procedures and controls and reinforce the high standards of conduct expected of our people,” the company said said in a statement. “HSBC is committed to delivering fair outcomes for customers and protecting the orderly and transparent operation of markets.”
Finra records show that the CFTC notified HSBC in May 2016 that it was investigating the swap transaction and had subpoenaed information relating to Rivoire. HSBC said at the time that it was cooperating with the investigation.
The case is Commodity Futures Trading Commission v. Rivoire, 19-cv-11701, U.S. District Court, Southern District of New York (Manhattan).
https://www.bloomberg.com//news/articles/2019-12-21/ex-hsbc-north-america-interest-rate-head-sued-by-cftc-for-fraud
the CFTC suing anyone for fraud…that's a new one for me.
kek