Mr. Menezes had access to better information than the public did about Argentina. He knew the company was going to miss analysts' earnings expectations. |
This case is a reminder that cashless exercise transactions are no different from other stock sales from a legal standpoint. Executives are under a duty not to trade when they have material information that the market does not. |
This case is an example of our continuing efforts to hold auditors and other gatekeepers responsible for failing to fulfill their professional obligations. |
This case is an example of our ongoing effort to stamp out fraud and abuses by investors in the PIPEs market, and it will continue. |