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Mattress Firm Holding Corp. stock price
Mattress Firm Holding Corp. latest news:
SEC: Scientist charged with insider trading researched enforcement methods
The Securities and Exchange Commission charged research scientist Fei Yan on Wednesday with insider trading on confidential information about Mattress Firm Holding Corp. and Stillwater Mining Company following public announcements that they would be acquired by other companies. Yan allegedly searched the internet for "how sec detect unusual trade" before making a trade that the SEC identified as suspicious through new market surveillance tools. He also allegedly attempted to conceal the trades by using his mother's brokerage account. She lives in China and Fan also had searched the internet for instructions on "insider trading in an international account." In a parallel action, the U.S. Attorney's Office for the Southern District of New York announced criminal charges against Yan on Wednesday.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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