We know this to be true that an additional 118,500 shares were sold due to a company PR that stated that 138,000 shares were sold by company insiders.
Either their PR was a lie or insiders sold an additional 118,500 shares. Those insiders should be held accountable as well.
The $20,000 profit should be returned as well.
The fine should have been by a factor of TEN times the fraud committed. He should have been on the hook to pay TWO MILLION bucks.
Why does the SEC believe they will deter this behavior when they reward those involved with financial gains and ABSOLUTELY NO punishment?
Should have done TEN years in JAIL as well- Grand Theft.
Before you criticize a man, walk a mile in his shoes. That way, if he gets angry, he's a mile away and barefoot.