SEC v. Kevan Sadigh

Kevan Sadigh allegedly was tipped by a friend and work colleague, who in turn had been tipped by his close friend, an analyst in J.P. Morgan Securities LLC’s San Francisco office, concerning material nonpublic information about two corporate acquisitions in which JPMS played an advisory role. According to the SEC’s complaint, Sadigh and his colleague, acting largely in parallel, reaped large profits by making unlawful securities trades on the basis of that material nonpublic information.

Summary generated from official Securities and Exchange Commission press release