SEC Charges Two Employees With Insider Trading $1 Million

币界网报道:The U.S. Securities and Exchange Commission (SEC) has charged two former employees of a major financial services firm with insider trading, alleging they made over $1 million in illicit profits by trading on nonpublic information. According to the SEC's complaint, the defendants accessed confidential data about upcoming corporate actions while working at the firm and used this information to execute profitable trades in their personal accounts. The scheme reportedly involved trading ahead of public announcements regarding mergers and acquisitions. The SEC is seeking disgorgement of ill-gotten gains plus interest, civil penalties, and permanent injunctions against the individuals. This case highlights the SEC's continued focus on policing insider trading in financial markets, particularly involving professionals who abuse their access to material nonpublic information. The defendants could also face parallel criminal charges from the Department of Justice. The SEC emphasized its use of sophisticated data analysis tools to detect suspicious trading patterns that may indicate insider activity. This enforcement action serves as a reminder to financial industry professionals about the legal and reputational risks of misusing confidential information for personal gain.

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