Updates to our Terms of Use

We are updating our Terms of Use. Please carefully review the updated Terms before proceeding to our website.

Thursday, March 28, 2024 | Back issues
Courthouse News Service Courthouse News Service

SEC Says 5 Used Inside Information

DALLAS (CN) - Inside traders made $792,000 on illegal trades of Aviall securities, using inside information from two Aviall employees that the aircrafts parts and services company was about to be purchased by Boeing, the SEC claims in Federal Court.

The SEC claims Aviall employees Brian Patrick Carr and Robert Wayne Tedder got the inside information, and that Tedder tipped his father, Joseph Wayne Tedder, and a business associated, Philip Brian Gunn. Gunn then tipped his brother, Gregory Carl Gunn, a registered representative, the SEC says.

All told, the defendants made $792,412 from the illegal, inside trades, the complaint states.

Categories / Uncategorized

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.

Loading...