Fnord666 [soylentnews.org] writes:
An
article [pymnts.com] on pymnts.com says that two fraud analysts for Capital One have been charged with engaging in insider trading by the SEC. According to the article, Bonan and Nan Huang used their access as fraud analysts to gather non-public sales data about publicly traded companies and used that information to buy call and put options prior to quarterly reports. This resulted in a $2,826,500 profit over three years of activity. According to
an article [reuters.com] on Reuters, a federal judge has signed a temporary restraining order freezing the brokerage and bank account assets of the two former staff members. The case is Securities and Exchange Commission v. Huang, U.S. District Court, Southern District of New York, No. 15-269.
Original Submission
