New York Times: The Butler, a Confidence and a Profit of $48,000. Regulators say they have solved an insider trading mystery: It was the butler in the poolside office with the fax machine. Graham J. Lefford was accused by the Securities and Exchange Commission yesterday of illegally trading on confidential information that he gleaned in 2004 from his boss’s $100 million purchase of a controlling stake of the rights to Elvis Presley’s image and likeness.
You may not have heard of CKX, Inc. (NASDAQ: CKXE), but I’m sure you’ve heard of David Beckham, Muhammad Ali and American Idol. You can find these and other celebrity CKX contracts on the website now.