{"id":79935,"date":"2021-11-12T02:42:45","date_gmt":"2021-11-12T07:42:45","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=79935"},"modified":"2021-11-12T02:42:45","modified_gmt":"2021-11-12T07:42:45","slug":"sec-charges-partner-at-global-consulting-firm-with-insider-trading","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2021\/sec-charges-partner-at-global-consulting-firm-with-insider-trading.html","title":{"rendered":"SEC Charges Partner at Global Consulting Firm With Insider Trading"},"content":{"rendered":"\n<p>(HedgeCo.Net) The Securities and Exchange Commission has charged <strong>Puneet Dikshit,<\/strong> a partner at a global management consulting firm, with illegally trading in advance of a corporate acquisition by one of the firm\u2019s clients in September.<\/p>\n\n\n\n<p>The SEC\u2019s complaint, filed in federal district court in Manhattan, alleges that in the course of providing consulting services, <strong>Dikshit <\/strong>learned highly confidential information concerning <strong>The Goldman Sachs Group Inc.\u2019s<\/strong> impending acquisition of the consumer loan fintech platform GreenSky Inc.\u00a0 According to the SEC\u2019s complaint, in the days leading up to the acquisition announcement on Sept. 15, 2021, Dikshit used this information to purchase out-of-the-money GreenSky call options that were set to expire just days after the announcement. \u00a0The SEC\u2019s complaint further alleges that Dikshit violated his firm\u2019s policies by failing to pre-clear these options purchases, which he sold on the morning of the acquisition announcement for illicit profits totaling over $450,000.<\/p>\n\n\n\n<p>\u201cWe allege that Dikshit breached duties to his employer and his client by misusing their confidential information for his own financial gain,\u201d said Joseph G. Sansone, Chief of the SEC Enforcement Division\u2019s Market Abuse Unit.&nbsp; \u201cThanks to our trading analysis tools, we were able to move swiftly to hold him accountable for his actions and protect the fairness of our securities markets.\u201d<\/p>\n\n\n\n<p>In a parallel action, the U.S. Attorney\u2019s Office for the Southern District of New York today announced criminal charges against Dikshit.<\/p>\n\n\n\n<p>The SEC\u2019s complaint charges Dikshit with violating Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder and seeks a permanent injunction and a civil penalty.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(HedgeCo.Net) The Securities and Exchange Commission has charged Puneet Dikshit, a partner at a global management consulting firm, with illegally trading in advance of a corporate acquisition by one of the firm\u2019s clients in September. The SEC\u2019s complaint, filed in [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,3,16048,16047],"tags":[],"class_list":["post-79935","post","type-post","status-publish","format-standard","hentry","category-hedgeco-networks-press-releases","category-hedgeco-news","category-hedgecovest-news","category-insider-trading-2"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/79935","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=79935"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/79935\/revisions"}],"predecessor-version":[{"id":79936,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/79935\/revisions\/79936"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=79935"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=79935"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=79935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}