May 10, 2016
A Chinese former Capital One analyst on the losing end of a $13 million jury verdict for insider trading lost a post-trial bid for judgment or retrial, as a Pennsylvania federal judge ruled Monday that sufficient evidence concerning his use of proprietary data was presented to sustain the jury's decision.
February 25, 2016
A Pennsylvania federal judge on Thursday slammed a Chinese former Capital One analyst with a $13 million judgment in his insider trading case, saying he must disgorge $4.4 million in ill-gotten gains and pay $8.8 million in civil penalties.
January 26, 2016
A Chinese national recently found liable for insider trading told a Pennsylvania federal judge on Monday that the U.S. Securities and Exchange Commission had no evidence to prove the amount he should be forced to disgorge in the case.
January 14, 2016
A former Capital One employee may be able to shake an insider trading verdict handed down Wednesday if he convinces the Third Circuit that the proprietary data he used to project public companies' revenues would not have affected the stock-buying decisions of reasonable investors, securities attorneys say.
January 13, 2016
A former Capital One analyst engaged in insider trading by using proprietary data about consumer credit card transactions to trade ahead of earnings reports from a string of major retailers and restaurant chains, a Pennsylvania jury concluded on Wednesday.
January 12, 2016
A Pennsylvania federal jury heard testimony Tuesday suggesting that pilfered credit card data alone could not have given an ex-Capital One analyst an unfair edge in a string of stock trades he carried out before being accused of insider trading by securities regulators last January.
January 11, 2016
An ex-Capital One employee illegally exploited private data to predict the performance of major retailers and guide stock buys that netted more than $1 million in profits, the U.S. Securities and Exchange Commission told a Pennsylvania federal jury Monday.
December 03, 2015
A former Capital One employee accused of insider trading on information he allegedly gathered from retailers will pay nearly $4.6 million to settle claims with the U.S. Securities and Exchange Commission, according to federal court filings Thursday.
November 17, 2015
A Pennsylvania federal judge refused to hand the U.S. Securities and Exchange Commission a quick win in a suit accusing two former Capital One employees of stock fraud, ruling it was unclear whether transaction data they allegedly gathered from retailers was actually material.
September 23, 2015
Two former Capital One employees accused of stock fraud can withhold their smartphone passwords from the U.S. Securities and Exchange Commission, a Pennsylvania federal judge ruled Wednesday, setting back the regulator's pursuit of claims that the fraud analysts repurposed secret credit-card transaction data to play the stocks of large retailers.