SEC insider trading charge: Enter the SanDisk man
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.