Board Director slapped with $50,000 fine and 1 month bar for insider trading

Ryan Parker, board director of Borneo Industrial Fishery was fined $50,000 and slapped with a 1 month trading bar for insider trading.

Press Release (ePRNews.com) - NEW YORK - Jun 27, 2017 - Slapped with a $50,000 fine and 1 month trading bar, Ryan Parker, director of Borneo Industrial Fishery Corp Inc was found to have engaged in profiteering of insider information during the reverse merger of his company on the OTC Stock Market.

He and the top executives were alleged to have acted on trades from information that had not been made public, allowing for undue profiteering through opening of positions that would benefit from the market movement after the public announcements were made.

Ryan Parker could not be contacted for further information. The county clerk stated that Ryan Parker who is currently residing in Sarawak, Malaysia was offered a minimal fine and bar due to his admission, cooperation and also being his first offense.

The SEC and other associated regulating bodies oversee the trading and maintenance of the stock market trading platform of the USA. It actively monitors trades and market positions of all trades to ensure fairness in trading.

To know more about Borneo Industries Fisheries, visit: http://www.borneoindustrialfishery.com

Source : Borneo Industrial Fishery Corp Inc
SHARE :  

You may also like this  

Login

Or using ePRNews Account

Don't have an account ? Sign Up

Register New Account

Already have an account ? Login

Reset Password

Already have an account ? Login

DISCLAIMER

If you have any concerns regarding this press release, please contact the Author / Media Contact / Business of this press release. ePRNews is not resposible for the accuracy of the news posted and do not endorse, support any product/ services/ business mentioned and hereby disclaims any content contained in this press release.