SEC Hits Ex-Carter's Inc. VP With Insider Trading Suit

Law360, New York (March 7, 2014, 3:13 PM EST) -- The U.S. Securities and Exchange Commission filed a lawsuit Friday in Georgia federal court accusing a former high-ranking executive at children's clothing company Carter's Inc. of insider trading and tipping violations.

According to the suit, Richard T. Posey was able to generate $49,778 in profits and avoided losses between 2006 and 2010 by repeatedly sharing embargoed information about Carter's finances with traders prior to the release of quarterly earnings reports. Posey served as vice president of operations for Carter's from July 2002 until he was fired...
To view the full article, register now.




Case Information

Case Title

Securities And Exchange Commission v. Posey

Case Number



Georgia Northern

Nature of Suit



Amy Totenberg

Date Filed

March 5, 2014


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.