SEC Dismisses Charges in Trading Scheme Involving Confidential Government Information

On November 17, 2023, the SEC dismissed its charges against David Blaszczak, Christopher Worrall, and Theodore Huber. The dismissal resolves all remaining claims arising out of the SEC’s May 24, 2017 complaint, which alleged, among other things, that Blaszczak, Worrall, and Huber engaged in a scheme to trade on nonpublic information about government plans to cut Medicare reimbursement rates, which affected the stock prices of certain publicly traded medical providers or suppliers. A fourth defendant, Jordan Fogel, previously settled with the SEC.

Source: SEC Dismisses Charges in Trading Scheme Involving Confidential Government Information