Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Monday, February 26, 2007

Former Engineered Support Systems officer charged with insider trading

The SEC filed civil injunctive actions against Ronald W. Davis, the former President of Business Development of Engineered Support Systems, Inc., and his friend and former broker, Matthew E. Kopsky, for insider trading in the securities of Engineered Support Systems. The complaint alleges that Davis repeatedly tipped Kopsky before each of Engineered Support Systems's first three   quarterly earnings announcements in 2003. According to the complaint, Kopsky purchased Engineered Support securities for himself, family members, and/or his clients and earned an aggregate profit of $276,259, including $107,062 for himself and his wife, and $169,197 for his clients.         

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