Traders In Peru Caught By SEC For Insider Trading

The Securities and Exchange Commission today announced that three Peruvian traders have agreed to settle a pending case alleging that they traded on nonpublic information prior to the merger of two mining companies.

Bolsa de Valores, Lima, Perú, 2015-07-28, DD 101

The SEC filed its complaint in September 2016, and the settlements were approved today in U.S. District Court for the Southern District of New York.

Nino Coppero del Valle, the alleged tipper who worked at one of the companies, agreed to pay full disgorgement of $53,607.70 plus interest of $5,382.44. His close friend and fellow attorney Julio Antonio Castro Roca agreed to pay full disgorgement of $59,300.02 plus $5,514.97 in interest and a $59,300.02 penalty. 

The other trader, Ricardo Carrion, agreed without admitting or denying the allegations to pay full disgorgement of $54,144.10 plus $5,820.29 in interest and a $54,144.10 penalty.

“The settlement of these actions for full disgorgement plus penalties on top of that reflects the strength of the evidence gathered in the SEC investigation,” said Andrew M. Calamari, Director of the SEC’s New York Regional Office. “Overseas traders who violate U.S. insider trading laws can expect to face stiff monetary sanctions to resolve their cases.”

The final judgments also obtain permanent injunctive relief from each of the three defendants.

The SEC’s litigation was led by Jorge G. Tenreiro, Preethi Krishnamurthy, and Thomas P. Smith Jr.

The case was supervised by Sanjay Wadhwa. The SEC appreciates the assistance of the Peruvian securities regulator Superintendencia del Mercado de Valores.

[Source: SEC-Media Relations]
[Intext photo: inserted by openeyesopinion.com (credits Embedded)]

###


Discover The Best Places To Retire, Do Business And Live Overseas

Visiting Las Vegas?… Check out this website first

Take a look at the Most Popular Trip Insurance plans Allianz has to offer

Compare Cheap Flights from the Departure City of your Choice with Airfarewatchdog!

Generic_728x90




Click here for reuse options!
Copyright 2017 openeyesopinion.com
Share This Post
Share on Facebook0Share on Google+0Tweet about this on TwitterShare on Reddit0Pin on Pinterest0Share on StumbleUpon0Share on LinkedIn0Digg thisShare on Yummly0Share on Tumblr0Buffer this pagePrint this pageEmail this to someone





Related News

  • Why Are There Over 13,000 Confederate Statues Located Throughout The United States?
  • U.S. Securities And Exchange Commission Levies Charges Against ‘Insider Traders’ Who Generated Millions In Profits
  • Virginia Man Pleaded Guilty For Attempting To Provide Material Support To ISIS
  • Former Secret Service Agent Caught Laundering Money
  • Mayor Of Baltimore Has Confederate Monuments Torn Down In The Middle Of The Night
  • Fifteen MS-13 Gang Members Charged For Crimes In Ohio
  • U.S. Defense Contractor To Pay $9.2 Million To Settle Claim Of False Billings Accusations
  • Responding To U.S. FTC Complaint, Uber Has Agreed To Implement A Comprehensive Privacy Program
  • Fleas Found In Two Arizona Counties Are Carrying Bubonic Plague
  • Has The ‘Progressive Wing’ Of The Democrats Advised Its’ Followers To Refuse To Work With Republicans?
  • Did Danish Inventor Deliberately Sink His Submarine With Female Journalist Onboard?
  • Your ‘Smart Devices’ May Be A Security Risk
  • The Ongoing Purging Of American History – What Will Happen To The Confederate Monuments Being Torn Down?
  • Illegal Haitian Migrants Crossing The U.S. Border Into Canada Are Not Guaranteed Asylum
  • At One Time, There May Have Been As Many As 18,000 Nuclear Fallout Shelters Dotted Around New York
  • U.S. Coast Guard Interdicts Haitian Illegal Migrants, Returns 151 To Bahamas