SEC Charges CEO Manouchehr Moshayedi with Insider Trading in Secondary Offering of Company Stock

The SEC charged the chairman and CEO of a California-based computer storage device company with insider trading in a secondary offering of his stock shares with knowledge of confidential information that a major customer's demand for one of its most profitable products was turning out to be less than expected.

View release in full here (links externally to SEC website). Additional Materials: SEC Complaint