September 7, 2017
Posted November 28, 2017
The Securities and Exchange Commission today announced insider trading charges against Brett Kennedy who allegedly leaked confidential information to his former fraternity brother in advance of a company earnings announcement so they could turn an illegal profit. The college friend and his trading partner also are charged in the SEC’s complaint. The SEC alleges that Kennedy accessed nonpublic 2015 first quarter earnings information without authorization while working at Amazon and shared it with Maziar Rezakhani, who illegally traded on the financial results before their public release to make more than $116,000 in illicit profits. SEC
Tagged in: Insider Trading, Securities Fraud,