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United States District Court for the Southern District of New York

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Trio Accused Of Insider Trader After Rebranded Company's Stock Surged Trio Accused Of Insider Trader After Rebranded Company's Stock Surged
Trio Accused Of Insider Trader After Rebranded Company's Stock Surged The Securities and Exchange Commission has charged three people with insider trading on allegations they bought shares of a New York company before its announcement it would "pivot" to a surprise name change and new business model. Eric Watson, an undisclosed control person of Long Island-based Long Blockchain, drove the business change during the 2017 crypto craze and tipped off his friend and broker, Oliver Barret-Lindsay, according to the SEC's complaint, filed in the United States District Court for the Southern District of New York on Friday, July 9. Long Blockchain, based in…

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by Joe Lombardi