Using ETFs to Conceal Insider Trading
Reynolds Holding
FEBRUARY 28, 2023
On August 17, 2021, the Securities and Exchange Commission (SEC) filed the first lawsuit charging insider trading in an economically related stock. A former employee of Medivation (MDVN, a mid-sized biopharmaceutical company) was charged for trading on confidential information about the acquisition of MDVN at a significant premium.
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