SEC v. Sivannarayana Barama

Sivannarayana Barama allegedly was part of an insider trading ring that made over $7 million. According to the SEC, Barama and three other defendants received tips from Janardhan Nellore, a former IT administrator at Palo Alto Networks, Inc., regarding the company’s confidential earnings information. Barama and the other defendants then allegedly traded in Palo Alto Networks, Inc.’s securities based on the tips before multiple earnings announcements between 2015 and 2018.

Summary generated from official Securities and Exchange Commission press release