Securities Law Prof Blog

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

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Saturday, June 8, 2013

SEC & Whittier Trust Settle Insider Trading Charges involving Dell & Nvidia Securities

The SEC charged Whittier Trust Company and fund manager Victor Dosti, a South Pasadena, Calif.-based wealth management company and a former fund manager, with insider trading on non-public information about technology companies. The charges are the agency’s latest in its ongoing investigation into expert networks and hedge fund trading.

According to the SEC, Whittier Trust Dosti participated in an insider trading scheme involving the , securities of Dell, Nvidia Corporation, and Wind River Systems. Dosti traded on confidential information that he obtained from Danny Kuo, a Whittier Trust fund manager who Dosti supervised. Kuo was charged by the SEC in January 2012 and is currently cooperating with the investigation.

Whittier Trust and Dosti agreed to pay nearly $1.7 million to settle the charges.

 

http://lawprofessors.typepad.com/securities/2013/06/sec-whittier-trust-settle-insider-trading-charges-involving-dell-nvidia-securities.html

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