{"id":6142,"date":"2017-04-27T18:28:37","date_gmt":"2017-04-27T23:28:37","guid":{"rendered":"https:\/\/www.institutionalinvestorsecuritiesblog.com\/?p=1547"},"modified":"2022-05-19T09:34:33","modified_gmt":"2022-05-19T14:34:33","slug":"sec-insider-trading-cases-lead-civil-charges-frozen-brokerage-accounts-restitution","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/sec-insider-trading-cases-lead-civil-charges-frozen-brokerage-accounts-restitution\/","title":{"rendered":"SEC Insider Trading Cases Lead to Civil Charges, Frozen Brokerage Accounts, and Restitution"},"content":{"rendered":"

\t\t\t\tIn a Securities and Exchange Commission case linked to parallel criminal charges, the regulator has filed insider trading charges against Avaneesh Krishnamoorthy, the risk management VP of a New York-based investment bank. Krishnamoorthy is accused of trading on confidential information prior to the acquisition of a publicly-traded tech company by a private equity firm. He allegedly made about $48K in illicit profits. Also charged as a relief defendant is his wife Shreya Achar.<\/p>\n

According to the SEC, Avaneesh Krishnamoorthy began trading in Neustar Securities after learning that Golden Gate Capital was going to buy the company. He used two brokerage accounts that his employer didn\u2019t know about. Golden Gate Capital had approached the investment bank about financing the acquisition.<\/p>\n

Meantime, the U.S. Attorney\u2019s Office for the Southern District of New York has filed its own case against Krishnamoorthy. He faces one criminal securities fraud charge.<\/p>\n

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

In a Securities and Exchange Commission case linked to parallel criminal charges, the regulator has filed insider trading charges against Avaneesh Krishnamoorthy, the risk management VP of a New York-based investment bank. Krishnamoorthy is accused of trading on confidential information prior to the acquisition of a publicly-traded tech company by a private equity firm. He […]<\/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":[3811,3760,3795,3761],"tags":[],"class_list":["post-6142","post","type-post","status-publish","format-standard","hentry","category-insider-trading","category-sec-enforcement","category-sec-settlements","category-securities-and-exchange-commis"],"yoast_head":"\nSEC Insider Trading Cases Lead to Civil Charges, Frozen Brokerage Accounts, and Restitution — Investor Lawyers Blog — April 27, 2017<\/title>\n<meta name=\"description\" content=\"In a Securities and Exchange Commission case linked to parallel criminal charges, the regulator has filed insider trading charges against Avaneesh — April 27, 2017\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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