Archived Information: Insider Trading

	Enforcement Actions Related to Insider Trading
	Commission Speeches and Testimony Related to Insider Trading
	Commission Staff Speeches, Testimony and Letters Related to Insider Trading
	Fast Answers: Insider Trading

Enforcement Actions Related to Insider Trading (displayed in reverse chronological order)

• SEC Files Insider Trading Charges Against Mark Cuban (Securities and Exchange Commission v. Mark Cuban, Litigation Release No. 20810, November 17, 2008)
  • Complaint
  • Press Release
  
   
  
• SEC Charges Former Vice President at Restoration Hardware and Three Friends in Insider Trading Scheme (Securities and Exchange Commission v. Francis Elias Axiaq, Ciriaco Israel Rivor, Emmanuel Mario Axiaq and Steven Craig Lusardi, Litigation Release No. 20774, October 7, 2008)
  • Complaint
  • Press Release
  
   
  
• SEC Announces Insider Trading Charges Against Former Chairman and CEO of Enron Energy Services (Securities and Exchange Commission v. Lou L. Pai, Litigation Release No. 20658, July 29, 2008)
  • Complaint
  • Press Release
  
   
  
• SEC Emergency Action Freezes Assets of Unknown Purchasers in Insider Trading Scheme (Securities and Exchange Commission v. One or More Unknown Purchasers of the Call Options for the Common Stock of DRS Technologies, Inc. and American Power Conversion Corp., Litigation Release No. 20654, July 25, 2008)
  • Press Release
  
   
  
• SEC Charges Mayor of Beaufort, S.C., With Insider Trading in Stock of Biotech Company (Securities and Exchange Commission v. William J. Rauch, Litigation Release No. 20646, July 16, 2008)
  • Complaint
  • Press Release
  
   
  
• SEC Charges Former Ernst & Young Partner and Friend With Insider Trading (Securities and Exchange Commission v. James E. Gansman, et al., Litigation Release No. 20603, May 29, 2008)
  • Complaint
  • Press Release
  
   
  
• SEC Obtains $2.1 Million Emergency Asset Freeze and Charges Rome Resident Within Days of His Alleged Insider Trading (Securities and Exchange Commission v. Cristian De Colli, Litigation Release No. 20581, May 16, 2008)
  • Complaint
  • Press Release
  
   
  
• SEC Charges Trio of Fort Lauderdale-Area Doctors With Insider Trading (Securities and Exchange Commission v. Zachariah P. Zachariah, et al., Litigation Release No. 20564, May 12, 2008)
  • Complaint
  • Press Release
  
   
  
• SEC Charges Vice Chairman of ISE Holdings and Business Partners With Insider Trading (Securities and Exchange Commission v. John F. Marshall, Ph.D., et al., Litigation Release No. 20491, March 13, 2008)
  • Complaint
  • Press Release
  
   
  
• SEC Charges Former Dow Jones Board Member, Three Other Hong Kong Residents in $24 Million Insider Trading Settlement (Securities and Exchange Commission v. Kan King Wong, Charlotte Ka On Wong Leung, Michael Leung Kai Hung and David Li Kwok Po, Litigation Release No. 20449, February 5, 2008)
  • Complaint
  • Press Release
  
   
  
• SEC Charges Two Former Accounting Firm Employees with Insider Trading (Securities and Exchange Commission v. Gregory B. Raben and William Patrick Borchard, Litigation Release No. 20429, January 15, 2008)
  • Complaint
  • Press Release
  
   
  
• SEC Charges Former CEO of Military Body Armor Supplier with Financial Fraud and Insider Trading (Securities and Exchange Commission v. David H. Brooks,Litigation Release No. 20345, October 25, 2007)
• Complaint
• Press Release

 

• SEC Charges British Trader with Making Over $3 Million in Illicit Profits Through Insider Trading in Petco (SEC v. One or More Unknown Purchasers of Call Options for the Common Stock of Petco Animal Supplies, Inc. and Taher Suterwalla, Litigation Release No. 20224, August 3, 2007)
• Complaint
• Press Release

 

• Former MDS Inc. IT Specialist and Spouse Made More Than $1 Million From Stolen Information About MDS's Impending Merger With Molecular Devices (SEC v. Shane Bashir Suman and Monie Rahman, Litigation Release No. 20203, July 24, 2007)
• Complaint
• Press Release

 

• SEC Charges Former Oracle Vice President with Illegal Insider Trading in Stocks of Oracle Acquisition Targets (Securities and Exchange Commission v. Christopher M. Balkenhol, Litigation Release No. 20115, May 14, 2007)
• Complaint
• Press Release
   
  
• SEC Charges Two Securities Professionals with Insider Trading (SEC v. Jennifer Xujia Wang, et al., Litigation Release No. 20112, May 10, 2007)
• Complaint
• Press Release

 

• Securities and Exchange Commission Charges Hafiz Naseem, Credit Suisse Investment Banker, With Insider Trading (Securities and Exhange Commission v. One or More Unknown Purchasers of Call Options for the Common Stock of TXU Corp, Sunil Sehgal, Seema Sehga. Hafiz Naseem and Francisco Javier Garcia, Litigation Release No. 20105, May 4, 2007)
• Complaint
• Press Release
   
  
• SEC Charges Shashikant Shah, Former Vice President of Now-Defunct Drug Manufacturer Able Laboratories, Inc., with Unlawful Insider Trading in Connection with Scheme to Conceal Quality Control Deficiencies (SEC v. Shashikant C. Shah, Litigation Release No. 20034, March 8, 2007)
• Complaint
• Press Release
   
  
• SEC Charges 14 Defendants in Wall Street Insider Trading Ring, Including Personnel at UBS Securities LLC, Morgan Stanley & Co., Inc. and Bear, Stearns & Co., Inc. (SEC v. Mitchel S. Guttenberg, Erik R. Franklin, David M. Tavdy, Mark E. Lenowitz, Robert D. Babcock, Andrew A. Srebnik, Ken Okada, David A. Glass, Marc R. Jurman, Randi E. Collotta, Christopher K. Collotta, Q Capital Investment Partners, LP, DSJ International Resources Ltd. (d/b/a Chelsey Capital), and Jasper Capital LLC, Litigation Release No. 20022, March 1, 2007)
• Complaint
• Press Release
• See also Litigation Release No. 20367, November 20, 2007 (Srebnik Settlement)
   
  
• SEC Charges Family With $3.7 Million Insider Trading Scheme (SEC v. Aragon Capital Management LLC, Aragon Partners LP, Zvi Rosenthal, Amir Rosenthal, Ayal Rosenthal, Oren Rosenthal, David Heyman, Heyman & Son Investment Partnership LP, Young Kim, and Bahram Delshad, Litigation Release No. 19995A, February 13, 2007)
• Complaint
• Press Release

 

• Martha Stewart and Peter Bacanovic Agree to Settle SEC Insider Trading Charges (SEC v. Martha Stewart and Peter Bacanovic, Litigation Release No. 19794, August 7, 2006)
• Complaint
• Press Release

 

• SEC Charges Morgan Stanley With Failure To Maintain And Enforce Policies To Prevent Misuse of Inside Information (June 27, 2006)
• Press Release
• See also Administrative Proceeding, Release Nos. 34-54047 and IA-2526
   
  
• SEC Announces New Charges Against Insider Trading Ring — Defendants Traded on Information From Secret Grand Jury Proceedings (SEC v. Sonja Anticevic et al., Litigation Release No. 19696, May 11, 2006)
• Press Release
• See also Litigation Release No. 19650, April 11, 2006 (Complaint)

Commission Speeches and Testimony Related to Insider Trading

• Statement of Chairman Christopher Cox, before the Committee on Banking, Housing and Urban Affairs, United States Senate, July 31, 2007.
   
• Testimony Concerning a Review of Investor Protection and Market Oversight with the Five Commissioners of the Securities and Exchange Commission, before the Committee on Financial Services, United States House of Representatives, June 26, 2007.

Commission Staff Speeches, Testimony and Letters Related to Insider Trading

• Testimony of Linda Chatman Thomsen, Director, Division of Enforcement, U.S. Securities and Exchange Commission, Concerning Insider Trading, before the Committee on the Judiciary, United States Senate, December 5, 2006.
   
• Testimony of Linda Chatman Thomsen, Director, Division of Enforcement, U.S. Securities and Exchange Commission, Concerning Insider Trading, before the Committee on the Judiciary, United States Senate, September 26, 2006 (as amended October 5, 2006).

http://www.sec.gov/spotlight/insidertrading/insidertrading_archive.shtml