Tag Archives: Insider Trading

SEC Charges Advisory Firm Owner Tibor Klein and Stockbroker Michael Shechtman with Insider Trading Ahead of Merger Announcement

SEC v. Tibor Klein and Michel R. Shechtman, Case No. 9:13-cv-80954 (S.D. Fla.).  On September 20, 2013, the SEC announced insider trading charges against Tibor Klein, president of Klein Financial Services and his stockbroker friend Michael Shechtman.  The SEC alleges … Continue reading

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SEC Charges Joseph Tocci with Insider Trading

SEC v. Joseph M. Tocci, Case No. 1:13-cv-11924 (D. Mass.).  On August 12, 2013, the SEC announced insider trading charges against Joseph M. Tocci.  The SEC alleges that Tocci traded on the basis of confidential information he obtained when he … Continue reading

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SEC Charges Green Former Green Mountain Coffee Employee Chad McGinnis and His Friend Sergey Pugach

SEC v. Chad C. McGinnis and Sergey Pugach, Case No. 3:13-cv-1047 AVC (D. Conn.).  On August 2, 2013, the SEC announced insider trading charges against former Green Mountain Coffee Employee Chad McGinnis and his friend Sergey Pugach.  According to the … Continue reading

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SEC Charges Cedric Cañas Maillard and Julio Marín Ugedo with Insider Trading

SEC v. Cedric Cañas Maillard and Julio Marín Ugedo, Case No. 13-cv-5299 (S.D.N.Y.).  On July 31, 2013, the SEC announced insider trading charges against Cedric Cañas Maillard, a former executive advisor to the CEO of Spanish bank Banco Santander S.A., … Continue reading

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SEC Charges Sandeep Aggarwal With Tipping S.A.C. Capital Portfolio Manager

SEC v. Richard Lee and Sandeep Aggarwal, Case No. 13-cv-5185 RMB (S.D.N.Y.).  On July 30, 2013, the SEC announced it amended the complaint filed last week against S.A.C. portfolio manager Richard Lee to add charges that Sandeep Aggarwal tipped Lee.  … Continue reading

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SEC Freezes Assets of Insider Traders in Onyx Pharmaceuticals Options

SEC v. One or More Unknown Traders in the Securities of Onyx Pharmaceuticals, Inc., Case No. 13 CIV 4645 (S.D.N.Y.).  On July 9, 2013, the SEC announced it obtained an emergency court order to freeze the assets of traders using … Continue reading

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SEC Settles Insider Trading Case with former Yahoo Executive Robert Kwok

SEC v. Reema D, Shah and Robert W, Kwok, Case No. 12-cv-430 (S.D.N.Y.).  On June 12, 2013, the SEC announced it settled insider trading charges against former Yahoo executive Robert Kwok in a case filed last year. The SEC alleged … Continue reading

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SEC Charges Brothers Leslie Jacobs II and Andrew Jacobs in Eighth Insider Trading Case Related to Sanofi-Aventis’ of Chattem

SEC v. Jacobs, Case No. 1:13-cv-1289 (N.D. Ohio).  On June 11, 2013, the SEC announced it filed insider trading charges against Andrew W. Jacobs (“A. Jacobs”) and Leslie J. Jacobs II (“L. Jacobs”).  The SEC alleges that when French pharmaceutical … Continue reading

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SEC Charges Whittier Trust and Fund Manager Victor Dosti with Insider Trading

SEC v. Victor Dosti and Whittier Trust Co (S.D.N.Y).  On June 7, 2013, the SEC announced it filed a complaint in the Southern District of New York charging Victor Dosti and Whittier Trust Company with insider trading.  According to the … Continue reading

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SEC Freezes the Assets of Badin Rungruangnavarat for Insider Trading Before Smithfield Foods Acquisition Announcement

SEC v. Badin Rungruangnavarat, Case No. 13-cv-4172 (N.D. Il.).  On June 6, 2013, the SEC announced it obtained an emergency order freezing the assets of Badin Rungruangnavarat who is in Bangkok, Thailand.  The SEC alleges that Rungruangnavarat bought out-of-the-money Smithfield … Continue reading

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