SEC v. Chen et al.

Chen and Zhen allegedly used material nonpublic information to trade the stocks of their employer’s clients. According to the SEC's complaint, from around January to June 2025, despite their employer’s prohibition on engaging in insider trading, Chen and Zhen allegedly traded on the basis of material nonpublic information on at least 13 occasions and generated over 2000000 in ill-gotten profits.

Summary generated from official Securities and Exchange Commission press release