17 October 2017
visit www.response.ncr.com

Perot man charged with insider trading returns $8.6 million

06 January 2010  |  9168 views  |  0 cash

A former Perot Systems employee accused of insider trading by the US Securities and Exchange Commission (SEC), has agreed to return $8.6 million in 'illicit profits'.

The US watchdog alleged that Reza Salah illegally traded in Perot Systems call options after learning of an impending merger deal with Dell.

The SEC further obtained a court order freezing all of Saleh's trading profits.

Under the terms of the settlement, filed Tuesday in federal court in Dallas, the SEC plans to ask the court to appoint a third party to recommend a distribution plan for Saleh's $8.6 million haul. The watchdog is also calling on the court to impose a financial penalty on the former Perot man.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

IBM exec among six charged over tech insider trading scheme

IBM exec among six charged over tech insider trading scheme

19 October 2009  |  6882 views  |  0 comments
Wall Street M&A advisors charged over insider trading

Wall Street M&A advisors charged over insider trading

06 February 2009  |  6668 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.capgemini.comvisit www.innotribe.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
14736 views comments | 12 tweets | 3 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8113 views comments | 15 tweets | 21 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
7371 views 0 | 7 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
6675 views comments | 13 tweets | 7 linkedin
Ex-PayPal boss Thompson backs Canadian fintech Payment RailsEx-PayPal boss Thompson backs Canadian fin...
6051 views comments | 10 tweets | 12 linkedin

Featured job

Competitive
New York, NY - USA (some flexibility on location)

Find your next job