Two internal auditor buddies got a starring role in an SEC litigation release after they were charged with insider trading for monkeying around with secret information about their respective employers.
Lloyd Schuman, a former senior internal auditor at Verso Corp., and Dane Janes, an internal auditor with Ashford Hospitality Trust Inc., agreed to pay a total of nearly $285,000 in penalties for their involvement in what the SEC said was “multiple instances” of insider trading and tipping by Schuman and tipping by Janes, in which Schuman made several thousands of dollars in illegal profits.
‘Enforcement 40’ for 2020
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