{"id":1590,"date":"2015-02-05T20:54:41","date_gmt":"2015-02-05T20:54:41","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2015\/02\/sec_claims_california_insider"},"modified":"2022-03-11T13:41:10","modified_gmt":"2022-03-11T19:41:10","slug":"sec-claims-california-insider","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/sec-claims-california-insider\/","title":{"rendered":"California Insider Trading Ring Made Almost $750K in Illegal Profits, Says the SEC"},"content":{"rendered":"

\t\t\t\tThe Securities and Exchange Commission says that former Barclays Capital (ADR)<\/a> analyst John Gray, his friends Christian Keller and Kyle Martin, and Aaron Shephard committed California insider trading, making close to $750K in illegal profits. They did this by allegedly trading right before four corporate news announcements were made. To settle the securities fraud case, the four men will pay $1.6 million in total.<\/p>\n

According to the SEC, Gray, who was an analyst for Barclays at the time, and Kelly traded on confidential merger data that the latter obtained during his job as a trader for two Silicon Valley-based public companies. They purportedly tried to hide the trades by putting them in a brokerage account held under Martin’s name. Gray also tipped Shephard, so that he too could make trades before the announcements.<\/p>\n

The first acts of inside trading<\/a> purportedly occurred when Gray and Keller traded on confidential merger data that Keller found out about while working as an Applied Materials Inc. financial analyst. The traded prior to that company’s acquisition of Semitool Inc. as well as before the one for Varian Semiconductor. When Keller left Applied Materials, their insider trading scam continued while he worked for Rovi Corporation, where he learned to profitably trade in the company’s securities before negative news about Rovi would be announced. <\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

The Securities and Exchange Commission says that former Barclays Capital (ADR) analyst John Gray, his friends Christian Keller and Kyle Martin, and Aaron Shephard committed California insider trading, making close to $750K in illegal profits. They did this by allegedly trading right before four corporate news announcements were made. To settle the securities fraud case, […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3811],"tags":[],"class_list":["post-1590","post","type-post","status-publish","format-standard","hentry","category-insider-trading"],"yoast_head":"\nCalifornia Insider Trading Ring Made Almost $750K in Illegal Profits, Says the SEC — Investor Lawyers Blog — February 5, 2015<\/title>\n<meta name=\"description\" content=\"The Securities and Exchange Commission says that former Barclays Capital (ADR) analyst John Gray, his friends Christian Keller and Kyle Martin, and Aaron — February 5, 2015\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/sec-claims-california-insider\/\" 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