In its relentless pursuit of illegal insider trading, the Securities and Exchange Commission filed charges against a former financial analyst at Stericycle, Inc. and his mother, who he allegedly tipped and who, in turn, traded on the material, non-public information as well. In its charging papers, the SEC contends that in April 2016, Matthew Brunstrum (the son) learned...Read More

In its continued crackdown on illegal insider trading, the Securities and Exchange Commission (SEC) just days ago charged an employee of a credit ratings agency with tipping two friends about the non-public plans of the Sherwin-Williams Company to acquire Valspar Corp., which he learned of through his employment.  The SEC also brought a civil enforcement action against his two friends...Read More

The Securities and Exchange Commission continued its efforts to crack-down on illegal insider trading this week as it announced charges against a foreign citizen who, in conjunction with his brother, is alleged to have profited by trading prior to the May 2013 public announcement of WH Group’s acquisition of Smithfield Foods. In its complaint, the SEC alleges...Read More

The Securities and Exchange Commission (SEC) recently charged a former Equifax Chief Information Officer of a U.S business division with engaging in illegal insider trading ahead of Equifax’s September 2017 announcements of a massive data breach. The SEC’s complaint alleged that Jun Ying, who was next in line to become Equifax’s Global CIO, used confidential,nonpublic...Read More

The Securities and Exchange Commission recently filed civil charges against a former employee of International Rectifier Corporation (IRC) and his friend for trading on material, nonpublic information in advance of the company’s acquisition. ​The SEC alleges that Lanny Brown knew that Infineon Technologies AG intended to acquire his then-employer, IRC, before the deal was publicly released.  Brown then tipped his friend,...Read More

The Securities and Exchange Commission secured entry of a Final Judgment against Robert H. Bray for his alleged insider trading in a bank stock.  The final judgment permanently enjoins Bray from future violations of Section 10(b) of the Securities Exchange Act of 1934, and Rule 10b-5 thereunder, and orders him to pay almost $300,000 in disgorgement,...Read More

The Securities and Exchange Commission recently filed insider trading charges against a doctor who is alleged to have purchased shares in a supply chain services company on the basis of a tip of material, non-public information he received from a company executive​ concerning an impending acquisition.  The SEC further alleged that he then sold the shares at a profit once the acquisition...Read More

The Securities and Exchange Commission (SEC) recently brought insider trading charges against the former Chief Executive Officer of a fiber optics company. The SEC Complaint alleges that Peter Chang, founder, CEO and chairman of the board of Alliance Fiber Optic Products utilized secret brokerage accounts in the names of family members (wife and brother) to trade in his company stock...Read More

The Securities and Exchange Commission (SEC) recently brought civil charges against a former law partner at a large, international law firm and his neighbor for allegedly engaging in insider trading. The pair is reported to have netted in excess of $1 million in ill-gotten gains. In its complaint, the SEC claims that Walter C. Little...Read More

The Securities and Exchange Commission (SEC) recently secured an emergency court order effectively freezing several securities brokerage accounts comprised of more than $29 million in alleged illegal profits from claimed insider trading in connection with Comcast Corp.’s 2016 acquisition of DreamWorks Animation SKG, Inc. The SEC asserts that in the weeks prior to the announcement...Read More