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.
- Key Docs
- Official SEC press release