June 19, 2017

SEC v. Yu-Cheng Lin

Trading and Pricing

SANCTION AMOUNT: Approximately $7,244,000

Defendants: Yu-Cheng Lin

Default judgment for insider trading against defendant, a resident of Taiwan formerly employed by California-based technology company Ubiquiti Networks Inc. The SEC alleged that defendant initially conducted insider trading with the help of an accomplice, and then began trading in his own name after he left Ubiquiti Networks’ employ. His pattern was to use material nonpublic information to trade ahead of the company’s quarterly earnings announcements, which netted him almost $2 million in illicit gains.

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