The SEC has charged Anthony Viggiano with insider trading ahead of numerous merger-and-acquisition deals. Viggiano allegedly tipped two friends on upcoming M&A deals and strategic partnerships, resulting in more than $580,000 of illegal profit. The SEC also charged the recipients of the trading tips, Christopher Salamone, Stephen Forlano, and Nathan Bleckley. Viggiano faces nine securities fraud and conspiracy charges, and U.S. Attorney Damian Williams commented that “no matter how evasive insider traders’ conduct, or the lengths gone to hide their offences, this office will track down and prosecute those who attempt to cheat the system.” The case is one of many recent insider trading cases. Earlier this week, a Massachusetts police chief was charged with insider trading that allegedly netted more than $2.2 million in illegal profits. On Sept. 19, a former Republican congressman was sentenced to 22 months in prison for trading on inside information. In August, the former head of product at the NFT marketplace OpenSea was sentenced to three months in jail after being found guilty of insider trading. High-profile figures, such as US Speaker of the House of Representatives Nancy Pelosi, are also in the spotlight for their stock trades that seem to coincide with US legislation in the technology sector.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | North America |
| Countries | 🇺🇸 |
| Sentiment | negative |
| Relevance Score | 8 |
| People | Christopher Salamone, Nathan Bleckley, Stephen Buyer, Anthony Viggiano, Stephen Forlano |
| Companies | Blackstone, U.S. District Court for the Southern District of New York, Goldman Sachs, OpenSea, SEC |
| Currencies | None |
| Securities | None |
