Tag Archives: insider trading


Court Overturns PM’s Insider Trading Convictions

December 10, 2014 Dear Friends, The U.S. Second Circuit Court of Appeals overturned insider trading convictions of two former Diamondback and Level Global portfolio managers, vacating their prison sentences. The Government failed to prove that the portfolio managers knew they were trading on inside information, or that the insiders received any benefit in exchange for their disclosures. Please click here […]

SEC Announces Enforcement Action Against Compliance Officer

Dear Friends, Yesterday, the SEC announced an enforcement action against a compliance officer for allegedly altering a trading review document.   In 2010, the SEC charged an employee with insider trading. According to the SEC, after the employee was charged with insider trading, the compliance officer altered the document to make it appear that she performed a more thorough review […]

SEC Charges Men with Insider Trading on Information From Wives

Dear Friends, On March 31, 2014, the SEC announced the following charges against two men that traded on confidential information from their wives: Tyrone Hawk overheard his wife’s work calls indicating that her company, Oracle Corp., was planning to acquire Acme Packet Inc.  Hawk violated a duty of trust when he purchased Acme Packet shares prior to the acquisition and […]