6 Members Of $1.7M Tech Insider Trading Ring Get Pinned
Law360 (June 16, 2021, 1:59 PM EDT) -- Three members of an alleged $1.7 million insider trading ring were hit with criminal charges Tuesday, while much of the ring settled claims lobbed by the U.S. Securities and Exchange Commission that they traded off of material nonpublic information on two technology companies.
The U.S. Attorney's Office for the Northern District of California hit Infinera's senior revenue manager Nathaniel Brown, the lone member of the group who hasn't settled with the SEC, and two others with criminal charges over the illicit trading activity.
"Using sophisticated data analysis, the SEC was able to uncover this insider trading ring and hold each of...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!