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A former Foot Locker executive has been charged by the Securities and Exchange Commission (SEC) for insider trading. Barry Siegel, the former Senior Director of Order Planning Management at Foot Locker, was accused of shorting Foot Locker stock twice, once before he was terminated and once after. Siegel reaped profits of nearly $113,000 based on material non-public information. The SEC stated that Siegel will pay $235,714 to settle the charges, including over a trade made nine days after he was laid off.
Breaking: The SEC is charging $DKNG with selectively disclosing non-public information through the CEO's social media accounts. https://t.co/GX2qlAEGgf
A former Foot Locker executive has been charged by the SEC for insider trading before company earnings announcements. The former $FL exec shorted the stock once while at the company and another shortly after being let go. Story ⬇️
Former Senior Director of Order Planning Management at Foot Locker, Barry Siegel, charged by SEC for shorting Foot Locker twice, once before he was terminated and once after Siegel reaped profits of near $113,000 based on material non-public information Siegel agreed to pay… https://t.co/m4RF2BeNIJ
