SEC Hits Former Qualcomm Exec With Insider Trading Suit

Law360, Los Angeles (September 23, 2013, 4:19 PM ET) -- The U.S. Securities and Exchange Commission has charged a former Qualcomm Inc. executive with insider trading, saying the executive made hundreds of thousands of dollars on stock trades based on nonpublic information about the company's financial performance and its planned acquisition of Atheros Inc. 

In a complaint filed Monday in California federal court, the SEC alleged Jing Wang — Qualcomm's former executive vice president and president of its Global Business Operations — conspired with his financial adviser and co-defendant Gary Yin to trade Qualcomm and Atheros...
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