Two Virginia men have been charged by the U.S. Securities and Exchange Commission with insider trading in Mobileye NV (MBLY.N) before the maker of sensors and cameras for driverless vehicles agreed to a $15.3 billion takeover by Intel Corp (INTC.O).
The SEC on Thursday said it won a court order freezing assets of Lawrence Cluff and Roger Shaoul, both of Richmond, after they generated more than $925,000 of gains on Mobileye shares and call options purchased in the month-and-a-half before the March 13 merger was announced.
‘Enforcement 40’ for 2020
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