Light Snow 28°
Tag:

Securities Exchange Act of 1934

News
Trio Accused Of Insider Trader After NY Company's Stock Surged Following Rebranding Trio Accused Of Insider Trader After NY Company's Stock Surged Following Rebranding
Trio Accused Of Insider Trader After NY Company's Stock Surged Following Rebranding 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…

SHARE

by Joe Lombardi