SEC
Whistleblower
Advocates

October 13, 2016

Artis Capital Management, L.P., Michael W. Harden

Trading and Pricing

SANCTION AMOUNT: $9,008,075

Defendants: Artis Capital Management, L.P.
Michael W. Harden

Commission found that investment advisory firm and its senior research analyst failed to supervise an employee who provided the firm with insider information allowing it to profit and avoid losses totaling approximately $25.3 million. The firm was further found to have failed to establish, maintain and enforce written policies and procedures reasonably designed to prevent the misuse of material nonpublic information.

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