SEC Charges Four In Silicon Valley Insider Trading Ring

The Securities and Exchange Commission (SEC) brought charges against four people on Thursday, including a former Barclays analyst, for generating nearly $750,000 in illegal profits by trading in advance of four corporate news announcements. The four have agreed to pay roughly $1.67 million to settle the regulator’s civil fraud charges. SEC: Modus operandi of the case According to the SEC, the former Barclays capital analyst John Gray and his friend Christian Keller used disposable prepaid mobile phones to conduct insider trading between 2009 and 2013. The regulator said that in exchange for kickbacks, Keller, who once worked at Silicon Valley’s…