The SEC sued Doximity Inc.'s former chief revenue officer for insider trading, alleging he used confidential company information about declining sales and planned layoffs to make stock trades that netted him more than $2.5 million in profits.
Paul W. Jorgensen traded securities in Doximity, touted as a “LinkedIn for doctors,” before negative earnings announcements in August 2022 and August 2023, according to the Securities and Exchange Commission’s complaint filed Monday in the US District Court for the Southern District of New York.
Jorgensen pleaded guilty in January to criminal charges over the trades and is scheduled to be sentenced in ...
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