September 21, 2016

Saleem Khan, Roshangal Chaganlal

Trading and Pricing

SANCTION AMOUNT: $15,833,147

Defendants: Saleem Khan, Roshangal Chaganlal

Settlement of insider trading charges against alleged tippee and the insider tipper, who was an employee at Ross Stores. Tipper allegedly used the confidential information to illegally trade ahead of the company's public releases of sales results on more than 40 occasions between August 2009 and December 2012, and also allegedly tipped two work colleagues on numerous occasions, collectively amassing millions of dollars in illegal profits.

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