The former president and chief operating officer of a publicly traded company based in Idaho pleaded guilty to insider trading based on trades he made ahead of the acquisition of his company, the Justice Department announced Tuesday.
Michael A. Smith pleaded guilty to one count of securities fraud before Judge B. Lynn Winmill on Oct. 13. The charging documents were entered on Monday.
Court filings don’t name Smith’s former company, but based on the details provided it appears to be PetIQ Inc.
Smith received confidential information in June 2024 about the upcoming acquisition of his company. Despite being prohibited from ...
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