SEC insider trading charge: Enter the SanDisk man

SEC insider trading charge: Enter the SanDisk man

7 years ago
Anonymous $wKBR2uNMvM

https://www.theregister.co.uk/2017/10/01/insider_trading_charge_sandisk_stock/

A SanDisk employee in America has been charged with insider trading in the company's acquisition of Fusion-io.

US financial watchdog the SEC alleges [PDF] that Anand Jayapalan tipped off three members of his family to the deal in order to make a quick profit on Fusion-io shares before the deal was announced. The SEC claims the trio made more than $215,000 when they sold off the shares after the deal went public.

SEC insider trading charge: Enter the SanDisk man

Oct 1, 2017, 6:14am UTC
https://www.theregister.co.uk/2017/10/01/insider_trading_charge_sandisk_stock/ >A SanDisk employee in America has been charged with insider trading in the company's acquisition of Fusion-io. >US financial watchdog the SEC alleges [PDF] that Anand Jayapalan tipped off three members of his family to the deal in order to make a quick profit on Fusion-io shares before the deal was announced. The SEC claims the trio made more than $215,000 when they sold off the shares after the deal went public.