The Securities and Exchange Commission brought or settled insider training complaints this week involving former vice presidents at Synaptics Inc. and Sequenom Inc. and a scientist at Laboratory Corp. of America. In settling, defendants neither admit nor deny wrongdoing.
Ex-Finance VP Used Wife’s Account to Hide Insider Trades
Fred Tinker, former vice president of finance for Synaptics Inc., allegedly used his wife’s brokerage account to trade just before acquisition talks became public. Tinker learned a Chinese investment firm was interested in purchasing Synaptics, a touch-pad technology company. He then bought 10,000 Synaptics shares using his wife’s account, selling the shares ...
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