A Pennsylvania resident who allegedly made $800,000 in profits from insider trades on Dick’s Sporting Goods Inc. stock has agreed to settle with the SEC, according to documents filed Friday in federal court.
Frank Poerio Jr. will be subject to an injunction against further violations and will pay disgorgement, interest, and a possible civil penalty to be determined by the US District Court for the Western District of Pennsylvania, according to his consent agreement.
Poerio allegedly asked his contact at Dick’s how the company was doing and sometimes was told it was doing very well, the Securities and Exchange ...
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