VerdictStats

Securities and Exchange Commission

SEC v. Matthew Groom

Settled$13KDisgorgementFiled: October 14, 2024

Matthew Groom allegedly avoided losses of about $13,000 by trading in advance of the May 3, 2022 announcement by the Cambridge, Massachusetts-based biopharmaceutical company Spero Therapeutics, Inc., according to the SEC. Groom allegedly obtained material nonpublic information about Spero’s planning for a possible workforce reduction.

Summary generated from official Securities and Exchange Commission press release

Source: Securities and Exchange Commission Press Release ↗

Parties

Defendants / Respondents
  • Matthew Groom

Dates

Filed
October 14, 2024
Published
October 15, 2024

Case Details

Industry
Pharmaceutical
Penalty Type
Disgorgement