SEC Charges Golfers with Insider Trading

The SEC announced charges against a group of friends, primarily golfing buddies, with trading on inside information about American Superconductor Corporation. According to the complaint, an executive at American Superconductor told a fellow country club member about the firm's expected earnings, contracts, and other major pending corporate developments.

See: SEC Complaint; SEC Press Release.See also: How to Deal with a Golfer Who Cheats.