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SEC issues first ever charges over phoney ‘insider information’ on darknet

SEC issues first ever charges over phoney ‘insider information’ on darknet



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  1. tldr; The US Securities and Exchange Commission has announced charges against California resident James Roland Jones in the first-ever enforcement action from the commission to target securities fraud on the darknet. Jones is accused of accessing a darknet-based insider trading forum in late 2016 to seek material non-public information, or MNPI, on which to trade securities. Jones allegedly began selling insider stock tips himself under the false pretext he was privy to MNPI obtained from the forum.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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