Action against Defendant, the spouse of a human resources executive, for alleged insider trading.  According to the SEC, Defendant learned material nonpublic information about two pending acquisitions from his wife.  The SEC alleges that Defendant bought stock in each of the target firms while in possession of this information and sold the stock after the acquisition was announced.  The SEC also alleges that Defendant tipped four other individuals, who also traded while in possession of the material nonpublic information.  Defendant has agreed to pay disgorgement of $63,804, prejudgment interest of $3,865, and a civil penalty of $72,144.

SEC Litigation Release

SEC Complaint