The SEC charged a former Amazon manager and family with illegally making $1.4 million from insider trading
Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.The Securities and Exchange Commission charged an Amazon Finance manager and two of her family members with insider trading on Monday.
From 2016 to 2018, the SEC alleges that Bohra violated company rules and securities laws by sharing financial information about Amazon's performance with her family, who then made trades based on the information.Visit Business Insider's homepage for more storiesThe Securities and Exchange Commission charged a former Amazon employee and two of her family members with insider trading on Monday. Laksha Bohra and her family made $1.4 million using the information, the SEC alleged.
"We allege that the Bohras repeatedly and systematically used Amazon's confidential information for their own gain," SEC Director of San Francisco Regional Office Erin Schneider said in the announcement of the charges. "Employees with access to confidential, potentially market-moving corporate information may not use that information to enrich themselves, their friends, or their families.
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