• Home
  • About
  • ‘Enforcement 40’ for 2020
  • Webcasts
  • Enforcement Hall of Fame
  • Contact
Securities Docket
Ankura 480x60
  • Class Actions
  • Criminal
  • Global
  • People
  • SD Insider
  • SEC
  • Video
  • Subscribe by email
  • Subscribe
Browse: Home / 2018 / July / 13 / SEC Charges Former Heartland CEO, Romantic Partner in Insider Trading Scheme

SEC Charges Former Heartland CEO, Romantic Partner in Insider Trading Scheme

By Securities Docket on July 13, 2018, 10:06 am

According to the SEC’s complaint, Robert O. Carr provided his longtime girlfriend, Katherine M. Hanratty, with confidential information about a potential acquisition of Heartland Payment Systems, Inc. by another payment processing company. In the weeks leading up to the merger announcement, Carr allegedly gave Hanratty $1 million to open a brokerage account and instructed her to use almost all of the funds to purchase Heartland stock. The SEC alleges that Hanratty followed Carr’s instructions, opening the account and purchasing more than 11,000 shares of Heartland stock. After the merger was announced, Heartland’s stock price rose substantially, and Hanratty allegedly sought Carr’s advice about when to sell the stock. Hanratty ultimately liquidated her entire position in a single day, earning substantial profits on the sale.

via Robert O. Carr and Katherine M. Hanratty (Release No. LR-24191; Jul. 10, 2018).

Blog Widget by LinkWithin

Posted in SEC, Top | Tagged Insider Trading

« Previous Next »

Subscribe

‘Enforcement 40’ for 2020

Securities-Docket_Medium-Rectangle_CaseStudyArrow

Our Sponsors

Securities-Docket_260x125_14Sec Ankura 260x125

Join Us On LinkedIn

Join the Securities Litigation and Enforcement Group on LinkedIn

Archives

Copyright © 2022 Securities Docket.

Powered by WordPress and Hybrid.