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Statement on Jury Verdict in Insider Trading Case

Public Statement

Statement on Jury Verdict in Insider Trading Case

 
 

Andrew Ceresney
Director, SEC Division of Enforcement


March 6, 2014

"We are gratified that the jury unanimously found that both defendants committed insider trading in the context of a tender offer.  The defendants were found to have violated one of the Commission's core anti-fraud provisions that is aimed at protecting the investing public by preventing those with insider knowledge from illegally profiting from their fraudulent trading."  


Last modified: March 6, 2014