SEC Settles Insider Trading Suit With Son of California Bank Board Member | NullTX

Оригинал: https://nulltx.com/sec-settles-insider-trading-suit-with-son-of-california-bank-board-member/

The Securities and Exchange Commission continues to crack down on illicit activity within the cryptocurrency industry. It is easier said than done, as a lot of dubious‐looking projects exist today. Aaron Smith of San Francisco was recently charged with insider trading. That wouldn’t be entirely unusual, were it not for the fact that Smith is the son of a California bank board member.

According to new information shared by the SEC, they had charged a California bank board member’s son with insider trading. Aaron R. Smith, son of a director at Valley Commerce Bancorp, had used material nonpublic information to conduct stock trades. This information pertained to a north Californian bank being acquired by another local bank in a non‐public manner.

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