Articles Posted in Insider Trading

Under False Persona, Man Defrauds Investors of Millions
Savage Villoch Law, PLLC

In a stark reminder to thoroughly confirm your stockbroker’s background, the Securities and Exchange Commission (“SEC”) recently charged a California man with defrauding investors of millions of dollars by using a patently false persona. [1] The SEC’s complaint charged Justin Costello with violations of the anti-fraud provisions of several federal securities laws as a result…

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SEC’s Efforts to Stretch 10b-5 Insider Trading Liability Survives Motion to Dismiss
Savage Villoch Law, PLLC

The SEC is attempting to broaden the scope of liability under federal insider trading laws, and it just secured its first incremental victory along the way. The win comes as a newly formulated legal theory offered by the SEC survived a motion to dismiss in SEC v. Panuwat, a case proceeding in the U.S. District…

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Insider Trading in Congress: Ethically Questionable, or Acceptable?
Savage Villoch Law, PLLC

When it comes to insider trading, corporate executives are often the first offenders that come to mind. Recently, however, public attention has shifted toward the investing activity of members of Congress as potential instances of illegal insider trading. Members of Congress are inherently privy to more information about in-process legislation, forthcoming policy shifts, and potential…

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As Peloton Plummets, What Can Investors Learn From Insider Trading?
Savage Villoch Law, PLLC

Peloton Interactive Inc. (“Peloton”) is making headlines this month – but not for the reasons its shareholders might hope. After reaching a peak of $162 per share at the height of the COVID-19 pandemic in December 2020, Peloton’s share price now sits at just $27. [1] While the driving factors behind this downturn are many,…

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