La Securities and Exchange Commission, l'Autorité de marché des États-Unis, a publié un communiqué de presse dans lequel elle annonce un délit d'initié d'un juriste de la société de semiconducteurs Kalispell ainsi que de son père.
The SEC alleges that Angela Milliard wired money to her boyfriend’s brokerage account so she could illegally trade on nonpublic details she learned while working as a legal assistant on Semitool Inc.’s then-secret deal with a Silicon Valley company. She also tipped her father Kenneth Milliard with the confidential information. He then traded on the nonpublic information and tipped his sons, who also made trades. The morning the acquisition was announced, the Milliards sold their shares for illicit profits of more than $67,000.
Angela and Kenneth Milliard have agreed to settle the SEC’s charges by paying more than $175,000.
“Angela Milliard exploited her access to confidential merger and acquisition information to illicitly enrich herself and her family,” said Marc Fagel, Director of the SEC’s San Francisco Regional Office. “As a member of a legal department entrusted with sensitive deal documents, she had a duty to safeguard that information, not trade on it.”
Télécharger le document