File ID: DOJ-PR-240510.1 Date: May 10, 2024 Accessed: July 11, 2024 Headline: Gibsonia Man Charged With Insider Trading Based on Non-Public Information Related to Dick’s Sporting Goods Business Operations. Source: https://www.justice.gov/usao-wdpa/pr/gibsonia-man-charged-insider-trading-based-non-public-information-related-dicks#:~:text=-%20A%20resident%20of%20Gibsonia%2C%20Pennsylvania,four%20counts%20of%20securities%20fraud Categories: INSIDER TRADING DOJ-PR-240510.1 – Viewer: ▼▼▼ (Download PDF File ⊗)
Category: INSIDER TRADING
Insider trading refers to the practice of buying or selling stocks or other securities based on non-public, material information about a company, giving the trader an unfair advantage over other investors. This information typically includes upcoming financial results, mergers, acquisitions, or other significant developments that could impact a company’s stock price. Insider Trading can manifest in several forms: (1) Classic insider trading involves corporate insiders, such as executives or board members, who trade based on confidential information. (2) Tippee trading occurs when someone outside the company receives insider information and trades on it. (3) Legal ambiguities can arise when insiders trade on information that isn’t clearly defined as material or non-public, leading to potential regulatory challenges. (4) Misappropriation involves trading based on confidential information obtained through a fiduciary duty, such as lawyers or investment bankers exploiting their position. Each form constitutes a violation of securities laws aimed at ensuring fairness and transparency in financial markets.
SEC-PR-2024-53 (MAY. 10, 2024) Source: https://www.sec.gov/newsroom/press-releases/2024-53 Download: SEC-PR-2024-53 ⊗ (PDF) PRESS RELEASE | 2024-53 SEC Charges Pennsylvania Resident with Insider Trading in Dick’s Sporting Goods Securities Washington D.C., May 10, 2024 — The Securities and Exchange Commission today charged Gibsonia, PA resident Frank T. Poerio, Jr. with insider trading for misappropriating material, nonpublic information concerning […]
SEC-PR-2024-40 (MAR. 26, 2024) Source: https://www.sec.gov/newsroom/press-releases/2024-40 Download: SEC-PR-2024-40 ⊗ (PDF) PRESS RELEASE | 2024-40 SEC Charges Former Arista Networks Chairman Andy Bechtolsheim with Insider Trading Washington D.C., March 26, 2024 — The Securities and Exchange Commission today announced insider trading charges against Andreas “Andy” Bechtolsheim, the founder and Chief Architect of Silicon Valley-based technology company […]
SEC-PR-2024-34 (MAR. 12, 2024) Source: https://www.sec.gov/newsroom/press-releases/2024-34 Download: SEC-PR-2024-34 (PDF) PRESS RELEASE | 2024-34 SEC Charges Tallgrass Energy’s Former Board Member Roy Cook and Four Others with Insider Trading in Advance of Blackstone Acquisition Washington D.C., March 12, 2024 — The Securities and Exchange Commission today announced insider trading charges against Roy Cook, a former board […]
SEC-PR-2024-24 (FEB. 22, 2024) Source: https://www.sec.gov/newsroom/press-releases/2024-24 Download: SEC-PR-2024-24 ⊗ (PDF) PRESS RELEASE | 2024-24 SEC Charges Husband of Energy Company Manager with Insider Trading. Spouse purchased stock using non-public information about the planned merger. Washington D.C., Feb. 22, 2024 — The Securities and Exchange Commission today charged Tyler Loudon of Houston, Texas, with insider trading […]