Securities and Exchange Commission V. Thomas W. Avent
August 15, 2019
August 15, 2019
WASHINGTON, Aug. 15 -- The Securities and Exchange Commission issued the following litigation release:
Yesterday, jurors in Atlanta federal court returned a verdict finding New Jersey securities broker Raymond J. Pirrello, Jr., liable for insider trading in advance of three merger and acquisition transactions.
The SEC's evidence at trial showed that Pirrello received highly confidential nonpublic information about the impending acquisitions of Radiant Systems, Inc. . . .
Yesterday, jurors in Atlanta federal court returned a verdict finding New Jersey securities broker Raymond J. Pirrello, Jr., liable for insider trading in advance of three merger and acquisition transactions.
The SEC's evidence at trial showed that Pirrello received highly confidential nonpublic information about the impending acquisitions of Radiant Systems, Inc. . . .