Former Fund Manager Charged With Dell Insider Trading and 2 More Heavily Traded Stocks to Follow
Dell (NASDAQ:DELL): Current price $13.48
On Friday, the Securities and Exchange Commission charged a former fund manager and the wealth management firm, Whittier Trust Co., with allegedly trading on insider information in Dell and Nvidia Corporation (NASDAQ:NVDA). The SEC claims that former fund manager Victor Dosti used non-public information gotten from Dell and Nvidia employees to trade in advance of five quarterly earnings announcements in 2008, 2009, and 2010. Dosti allegedly obtained profits and averted losses in excess of $475,000 for Whittier Trust funds, according to the Commission.