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June 9, 2016

Posted  August 1, 2016

Guolin Ma, former consultant to two China-based private equity firms, will pay more than $756,000 to settle insider trading charges.  According to the SEC’s complaint, Ma traded on confidential information he obtained while advising two firms as they pursued a buyout of Silicon Valley-based OmniVision Technologies.  Ma attended key meetings and performed technical due diligence related to the potential acquisition and received timeline and strategy documents from the firms.  Through a series of purchases in April and May 2014, Ma stockpiled over 39,000 shares of OmniVision.  When the proposed acquisition was publicly announced in August 2014, OmniVision’s stock price rose 15% allowing Ma to generate over $367,000 in illegal profits.  SEC

Tagged in: Insider Trading,