SEC Charges Former Financial Industry Analyst and Three Others with Insider Trading
Retrieved on:
Thursday, September 28, 2023
Salamone allegedly agreed to share his trading proceeds with Viggiano because Viggiano’s own employer prohibited him from engaging in such trades.
Key Points:
- Salamone allegedly agreed to share his trading proceeds with Viggiano because Viggiano’s own employer prohibited him from engaging in such trades.
- The case originated from the SEC Market Abuse Unit’s Analysis and Detection Center, which uses data analysis tools to detect suspicious trading patterns.
- In a parallel action, the U.S. Attorney's Office for the Southern District of New York today announced criminal charges against Viggiano, Forlano, and Salamone.
- The SEC appreciates the assistance of the U.S. Attorney’s Office for the Southern District of New York, the Federal Bureau of Investigation, and the Financial Industry Regulatory Authority.