SEC v. DeVore (Insider Trading)
The U.S. Securities and Exchange Commission (SEC) filed civil insider trading charges against six former consultants and employees of California expert network firm Primary Global Research (PGR). Daniel DeVore, a former global supply manager for Dell who worked as a consultant for PGR, was among those charged with leaking confidential information about their firms in order to generate nearly $6 million in illicit trading profits. The SEC alleges DeVore regularly provided PGR and PGR clients with confidential information about Dell’s internal sales forecasts as well as information about the pricing and volume of Dell’s purchases from its suppliers, for which he earned approximately $145,000. See related Dell instance, “U.S. v. DeVore (Insider Trading)”.
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U.S. v. DeVore (Insider Trading)