SEC Charges Miami-Based Trader with Insider Trading and Regulation M Violations

The SEC has charged a Miami-based trader with insider trading in the stock of a company that had given him confidential notice of a planned distribution of its shares, as well as short sales and related covering transactions that violated Regulation M in connection with public offerings by several other companies.

See: SEC Complaint against Langston; SEC Press Release.Related news: SEC Settles with Numerous Firms for Covering Shorts out of a Public Offering in Violation of Regulation M (September 17, 2013).See also: For a discussion of the application of Rule 105 of Regulation M to hedge funds and other investors, see the Trading Chapter of either Lofchie's Guide to Hedge Fund Regulation or Lofchie's Guide to Broker-Dealer Regulation.