Jonathan A. Danzinger

Apr 24, 2024 | mondaq.com | Scott Moss |Jonathan A. Danzinger |Jimmy Kang |Jeremy Cantor

On April 5, 2024, a jury found Matthew Panuwat civilly liable for insider trading in violation of federal securities laws1 in a first-of-its-kind "shadow trading" case (also referred to as "sympathy trading"), which was commenced by the U.S. Securities and Exchange Commission (SEC) on August 17, 2021.2 Following a historic trial in the U.S. District Court for the Northern District of California (Court), the SEC stated that the case was not novel and that Panuwat's actions fell squarely within...