Insider trading is the sharing of information around a securities transaction to a select or small group of people. Vital information is usually given to a select group of people within the company (insiders) and then those insiders share it with a select group of people outside the company. Insider trading creates an unfair advantage…
On June 15th, the Securities and Exchange Commission (SEC) charged[1] six individuals for trading on two Silicon Valley Companies’ non-public information and illicitly profiting over $1.7 million. Nathaniel Brown was a senior revenue manager at Infinera Corporation (Infinera) and Marcus Bannon a major account manager at Fortinet, Inc. They repeatedly provided confidential information that impacted…
In this Bloomberg Interview, Mark Cuban gives a scathing takedown of insider trading enforcement by the Securities & Exchange Commission. He also criticizes the SEC generally. As much as I like the concept and theory of financial market regulation and the SEC, I have to say that certain points of his critique have merit. Â …
SEC Charges Cardiologist with Insider Trading on Confidential Drug Trial Developments FOR IMMEDIATE RELEASE 2016-156 Washington D.C., Aug. 4, 2016 —The Securities and Exchange Commission today charged a cardiologist with insider trading on confidential developments as he worked on a clinical drug trial. The SEC alleges that Dr. Edward Kosinski of Weston, Connecticut, traded in…
