Ex-Mazor VP Faces SEC Suit on Medtronic Deal Insider Trading

A former Mazor Robotics Ltd. executive and two others were sued by the SEC for allegedly trading on confidential information ahead of the company’s 2018 acquisition by Medtronic PLC.

Doron Tavlin, who worked as Mazor’s vice president of business development between 2017 and 2019, passed information about the merger to a friend, Afshin Farahan, according to a civil complaintfiled Wednesday. Farahan, in turn, tipped his friend, David Gantman, the Securities and Exchange Comission said.

Farahan and Gantman accumulated about $500,000 in profits, while Tavlin received a $25,000 kickback for the information, the complaint said.

Based in Israel, Mazor ...