Cavco’s Ex-CEO Settles SEC Insider Case for $1.48 Million (1)

Sept. 3, 2021, 7:05 PM UTCUpdated: Sept. 3, 2021, 8:42 PM UTC

Cavco Industries Inc.'s former CEO agreed to pay $1.48 million to resolve his portion of a suit alleging he and the company traded on inside information, the SEC said in federal court in Arizona.

Joseph Stegmayer also agreed to a permanent injunction prohibiting him from violating the federal securities laws at issue and a five-year bar on serving as officer or director of a public company, according to a consent document the Securities and Exchange Commission filed in the U.S. District Court for the District of Arizona.

“The complaint is only one side of a story that’s years old, about ...

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