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