Two men who worked for the Securities and Exchange Commission’s EDGAR public filing system were charged with insider trading after allegedly pocketing $1 million by stealing non-public information obtained through their jobs.
Justin Chen and Jun Zhen, both of Brooklyn, New York, were charged in a federal complaint with obtaining material, non-public information about companies like Purple Innovation Inc., Ondas Holdings Inc., SigmaTron International Inc., and Signing Day Sports Inc. through their work at EDGAR, according to Brooklyn US Attorney Joseph Nocella.
Prosecutors say that between March and June 2025 the pair engaged in a scheme to obtain information about these companies, which announced they had entered into merger agreements or partnerships “that resulted in significant increases in the share price of each company’s stock.”
Chen, 31, and Zhen, 29, purchased shares in the companies before the announcements, “and sold those shares at a significant profit
We współpracy z: https://fortune.com/2025/06/28/sec-workers-edgar-system-insider-trading-securities-fraud/
