The SEC announced that former Coinbase product manager Ishan Wahi and his brother agreed to settle charges against them that they engaged in insider trading.
On Tuesday, the US Securities and Exchange Commission (SEC) announced that Ishan Wahi, a former Coinbase Global product manager, and his brother, Nikhil Wahi, agreed to settle charges that they engaged in insider trading relating to at least nine crypto asset securities.
Wahi Brothers Agree to Settle Civil Charges
The securities watchdog said the Wahi brothers agreed to settle civil charges that they engaged in a scheme to trade ahead of multiple announcements relating to at least nine crypto asset securities, which would be made available on Coinbase’s platform.
Ishan Wahi was arrested in 2022 and charged with insider trading after it emerged that he was feeding his brother Nikhil, and another individual, with information about crypto assets to be listed on Coinbase.
Authorities investigating the matter said Wahi’s brother a
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