SEC Cases

Instructions

Securities and Exchange Commission CasesFind and share  a case example no more than 5 years old in SEC cases. The case CANNOT include Briargate Trading LLP and co-founder Eric Oscher    Briefly explain  insider trading  and why it is illegal (e.g., effect on business, society);    What is the specific statute and/or regulation violated by this conduct?    Identify the SEC case you have selected and provide a link to the case;    Describe the violation illustrated by the case, e.g. Who are the parties? What did the violator(s) do that constituted spoofing or insider trading? Who was harmed by the violation?    What is the ethical framework you observe was followed by the violator(s) in committing the illegal conduct? (Explain.)    Explain how the case was resolved, e.g., What happened to the violator(s)? What were the penalties levied against the violator(s), if any?    Do you believe the result is a just resolution of the violation? Why or why not

Answer

SEC Versus Kurt J. BordianA party or an individual is considered to be an insider if they possess non-public information about a company or if they own 10% or more of the companys shares. The insiders can participate in legal trade in several circumstances (Ahem, 2017). The scenarios would include a companys employee buying shares from the company, or a companys Chief Executive Officer buying back shares from the company. However, Insider trading becomes illegal if the insider uses the information they have that the public does not have to trade with the aims of making profits (Ahem, 2017). The SEC tracks these trading, which is mostly pointed to by the volumes of trade made. Such an act violates Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 under the section. An exam...
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