October 21, 2016
Posted November 7, 2016
The SEC charged Tennessee-based lawyer James C. Cope with insider trading based on information he obtained through his position on the Board of Directors at Nashville-based Pinnacle Financial Partners. The SEC alleges that Cope learned confidential details about Pinnacle’s planned merger with Avenue Financial Holdings prior to the banks’ joint public announcement of the merger. During, and within an hour after, the board meeting at which Cope learned the details of the merger, he placed five orders for securities in Avenue Financial. Cope allegedly made more than $56,000 through these purchases. SEC
Tagged in: Insider Trading,