SEC Says Two Brooklyn Men Made $2.2 Million in Insider Trades
The U.S. Securities and Exchange Commission (SEC) has accused two men from Brooklyn, New York, of making $2.2 million in insider trades. The men allegedly stole confidential information from their jobs processing corporate regulatory filings and used this information to make profitable trades. The SEC claims that the two individuals exploited their access to sensitive data to gain an unfair advantage in the stock market. They are accused of trading on non-public information and generating significant profits through their illicit activities. The case highlights the SEC's ongoing efforts to crackdown on insider trading and protect the integrity of financial markets. The regulator is pursuing legal action against the Brooklyn men, who face potential penalties and criminal charges for their alleged involvement in the insider trading scheme.
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