Former Nvidia Corp. Accounting Manager Settles with the SEC on Insider Trading Charges

Chris Choi, a former Nvidia Corp. account manager recently settled with the SEC on insider trading charges. According to the SEC complaint, filed in the Southern District of New York, Mr. Choi tipped a friend with nonpublic information before the technology company’s 2009 and 2010 quarterly earning announcements. Mr. Choi provided his friend with information relating to the company’s revenue,…

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Plea Deal in SAC Insider Trading Case

Yesterday, Manhattan U.S. District Court Judge Laura Swain approved SAC Capital Advisors LP’s (“SAC”) guilty plea. The fund admitted to accepting illegitimate profits and promoting insider trading among its employees. SAC will pay a $900 million criminal penalty, which is part of its $1.8 billion settlement with the Justice Department. SAC, once one of the most high profile and top…

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