Superconductor Exec Pleads Guilty To Insider Trading

Law360, New York (August 12, 2013, 7:09 PM EDT) -- A former assistant treasurer at American Superconductor Corp. pled guilty to insider trading on Monday, agreeing to settle civil charges with the U.S. Securities and Exchange Commission after making illicit bets against the energy technology company. 

John M. Tocci used inside knowledge of his company's faltering contracts to buy put options that would enrich him when American Superconductor's share prices plummeted, according to the SEC. 

For his alleged actions, Tocci was indicted on criminal insider trading charges in the U.S. District Court for the District of...
To view the full article, register now.




Case Information

Case Title

Securities and Exchange Commission v. Tocci

Case Number




Nature of Suit



Joseph L. Tauro

Date Filed

August 12, 2013


Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.