The host of a stock trading webcast has been charged with spreading false rumors about public companies as part of an alleged “market manipulation scheme,” according to AdvisorNews. The Securities and Exchange Commission filed a complaint in United States District...
Representing financial professionals, financial institutions and investors in investment loss, employment and disclosure matters, and in regulatory investigations nationwide.
Insider Trading
Former Nvidia Corp. Accounting Manager Settles with the SEC on Insider Trading Charges
Chris Choi, a former Nvidia Corp. account manager recently settled with the SEC on insider trading charges. According to the SEC complaint, filed in the Southern District of New York, Mr. Choi tipped a friend with nonpublic information before the technology company’s...
Plea Deal in SAC Insider Trading Case
Yesterday, Manhattan U.S. District Court Judge Laura Swain approved SAC Capital Advisors LP’s (“SAC”) guilty plea. The fund admitted to accepting illegitimate profits and promoting insider trading among its employees. SAC will pay a $900 million criminal penalty,...
