A jury found Jessie Roberts, a Louisiana dentist who claimed what the government called an illegal tip was just a rumor, not guilty of insider trading. U.S. v. Roberts, No. 15-ct-00020 (M.D. La. Filed Feb19, 2015). The case centered on trading in advance of the acquisition of the Shaw Group, Inc. by Chicago Bridge & Iron, announced on August 30, 2012. The two count indictment contained one count of conspiracy to commit securities fraud and one count of securities fraud.
via Dentist, Claiming Tip Was a Rumor, Wins Insider Trading Case — SEC Actions
