A UnitedHealth Group Inc. executive’s husband faces SEC allegations of making insider trades using information obtained by overhearing his wife’s conference call and rifling through her notebook.
James E. Hengen made over $63,000 in illicit profits after trading on confidential information misappropriated from his wife about upcoming UnitedHealth mergers, according to a Nov. 8 Securities and Exchange Commission complaint. Hengen also allegedly tipped his brothers and coworkers, who made about $8,300 on their trades.
Hengen traded in advance of UnitedHealth’s August 2016 acquisition of USMD Holdings Inc. and its December 2016 purchase of Surgical Care Affiliates Inc., the complaint ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.