Action against Defendant, a friend of the general counsel of a public company, and Relief Defendants, the ex-wife and former girlfriend of Defendant, for alleged insider trading.  According to the SEC, Defendant viewed material nonpublic information regarding a possible acquisition while visiting the general counsel’s home and purchased stock in the target firm through Relief Defendants’ brokerage accounts while in possession of that information.  The SEC also alleges that Defendant tipped his father and another girlfriend about the contemplated acquisition.  Relief Defendants have agreed to pay unspecified amounts of disgorgement and prejudgment interest.  Defendant has agreed to pay a civil penalty of $252,995.

SEC Complaint

SEC Press Release