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Browse: Home / 2020 / August / 26 / San Diego Biotech Founder Charged with Insider Trading in $3.5 Billion Sale – Times of San Diego

San Diego Biotech Founder Charged with Insider Trading in $3.5 Billion Sale – Times of San Diego

By Securities Docket on August 26, 2020, 8:59 am

Sepehr Sarshar was accused on Tuesday of misappropriating material nonpublic information from San Diego-based Auspex in early 2015 related to Teva’s expected tender offer, and passing tips to his girlfriend, two other friends and a close relative.

The office of acting U.S. Attorney Audrey Strauss in Manhattan said the resulting trading in Nasdaq-listed Auspex generated more than $700,000 of illegal profit.

via San Diego Biotech Founder Charged with Insider Trading in $3.5 Billion Sale – Times of San Diego.

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Posted in Criminal, SEC, Top | Tagged Insider Trading

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