Former Chewy executive agrees to pay $35,275 to settle insider trading charges.
According to Reuters on September 29, the U.S. Securities and Exchange Commission (SEC) stated on Friday that a former Chewy executive will pay $35,275 to settle charges of insider trading since 2021. The SEC stated that Austin Kauh, who was once the Chief Financial Officer of Chewy, allegedly obtained significant non-public information about Chewy partnering with pet insurance provider Trupanion in 2021 and purchased Trupanion's stocks during the negotiations. After the partnership was announced, his two accounts made a profit of $16,437.
Former Chewy Executive Settles Insider Trading Charges With SEC
Express News | US Securities and Exchange Commission Says Former Chewy Executive Conducted Insider Trading in 2021
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