SEC v. Michael Van Gilder and Roger Parker, Case No. 12-cv-2839 (D. Colo.).  Previously, I wrote about the SEC’s insider trading case against Michael Van Guilder.  The SEC alleged Van Gilder traded on inside information in advance of Delta Petroleum Corporation’s public announcement that a private investment firm, Tracinda, had agreed to purchase a significant stake in Delta.  On November 28, 2012, the SEC announced the filing of an amended complaint charging Delta’s former CEO Roger Parker with being the source of the inside information.  The SEC alleges that Parker tipped Van Gilder and another friend with confidential information about the purchase even though he had a duty to keep the information confidential as Delta’s CEO.  The amended complaint charges Parker with violations of Section 10(b) of the Exchange Act and Rule 10b-5. The SEC seeks disgorgement, civil monetary penalties, injunctive relief and an order barring Parker from acting as an officer or director of a public company.