Former SAC Trader Settles Insider Trading Case With SECMark Melin
The Securities and Exchange Commission today charged Ronald N. Dennis, a former analyst at SAC Capital Advisors, with insider trading based on nonpublic information that he obtained about a pair of technology companies.
SAC's Dennis settles insider trading charges
The SEC claims Dennis, of Forth Worth, Texas, was provided confidential details about impending announcements at Dell Inc. (NASDAQ:DELL) and Foundry Networks from two fellow hedge fund analysts and then traded on this information in front of at least two quarterly earnings announcements in . . .
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