Criminal charges are pending for a former financial analyst

A former employee of Amazon is being charged with illegal insider trading by the Securities and Exchange Commission . Financial analysts in the Tampa area should pay close attention to the case and the legal issues of disclosing nonpublic information to third parties.

The criminal charges stem from the ex-employee's status as a financial analyst and the information received due to his position. The employee leaked first quarter 2015 earnings reports to a third party in exchange for a $10,000 payment. The third party allegedly used that information to trade company stock for a profit. It is alleged the third party profited more than $100,000 from the information. Another third party, who allegedly helped broker the trades, is also being charged.

There are a number of affirmative defenses to an insider trading charge, including whether the trader had a pre-adopted trading plan or whether the trade was initiated through a mathematical trading formula. In this case, one defendant seems to be arguing that the information wasn't material, or at least was common knowledge.

As is seen in this case, a federal criminal charge of insider trading can be made against those who disseminate the information, those who receive the information, and those who broker transactions involving the information. Because of the complexity of SEC rules in this area, it is possible to be wrongfully charged or there may be viable defenses available. Because of the potential penalties involved, it is wise for defendants to choose an attorney experienced in federal criminal defense.

No Comments

Leave a comment
Comment Information
  • Badge 1
  • Badge 2
  • Badge 3
  • Badge 4
  • Badge 5
  • Badge 6
  • Badge 7
  • Badge 8

Contact O'Brien Hatfield, PA for a free case evaluation today

In Tampa, call (813) 345-4909. In Orlando, call (888) 496-5916 . For fast answers, email us using the form below.

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

This site uses Google's Invisible reCAPTCHA, which is subject to Google's Privacy Policy and Terms of Use.

Footer Brand

Tampa Bay Office
511 West Bay Street Suite 330
Tampa, FL 33606

Toll Free: 888-496-5916
Phone: 813-345-4909
Tampa Law Office Map

Central Florida Office
121 South Orange Avenue Suite 1500
Orlando, FL 32801

Toll Free: 888-496-5916
Phone: 407-686-1696
Orlando Law Office Map

South Florida Office
Northbridge Tower
515 North Flagler Drive
Suite P-300
West Palm Beach, FL 33401

Toll Free: 888-496-5916
Phone: 407-686-1696
South Florida Office Map

South Florida Office
Brickell Bay Office Tower
1001 Brickell Bay Drive
Suite 2700 M-1
Miami, FL 33131

Toll Free: 888-496-5916
Phone: 305-859-0046
Miami Law Office Map