SEC v. Robert Yedid

Robert Yedid, Andrew Kaufman, and Mark Jacobs allegedly engaged in insider trading that resulted in more than $500000 in combined profits. According to the SEC, Kaufman and Jacobs traded in the securities of as many as six public companies based on material nonpublic information provided by Yedid from at least 2019 through 2024. According to the complaint, Yedid obtained material nonpublic information about the firm’s clients and shared it with Kaufman and Jacobs, who then engaged in insider trading. According to the SEC, Kaufman shared his proceeds with Yedid by handing him envelopes of cash.

Summary generated from official Securities and Exchange Commission press release