Stock Market News

COURT ORDERS $1 BILLION JUDGMENT AGAINST OPERATORS OF WOODBRIDGE PONZI SCHEME TARGETING RETAIL INVESTORS

"This resolution accomplishes one of the SEC's core missions to protect retail investors," said Stephanie Avakian, Co-Director of the SEC's Division of Enforcement. "Mr. Shapiro and other defendants will be held accountable and required to pay substantial penalties for their misconduct." "Our complaint charged that when Woodbridge's fictitious business model collapsed, the company stopped paying investors and filed for Chapter 11 bankruptcy protection," said Eric I. Bustillo, Director of the SEC's Miami Regional Office. "The settlement provides for the return of significant funds to investors."

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What About the New 52-Week High Mark for a Stock?

For the short-term minded trader who elects to buy the stock as a result of its 52-week outstanding performance, short-term trouble could be on the horizon. The main reason why there could be trouble is because professional and institutional traders use a stock’s 52-week high mark has a take-profit point where they lock in their gains accrued over the past year.

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Apptio, Inc., Went Private…Sold to Vista Equity Partners… Are Shareholders Getting a Fair Deal?

Apptio (APTI) Alert: Johnson Fistel Investigates Proposed Sale of Apptio, Inc. to Vista Equity Partners; Are Shareholders Getting a Fair Deal? NEWS PROVIDED BY Johnson Fistel, LLP 07:57 ET SHARE THIS ARTICLE SAN DIEGO, Nov. 12, 2018 /PRNewswire/ — Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Apptio, Inc. (NASDAQ: APTI) …

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