What was he thinking: “No one will ever catch me”?

describe the imageHere we go again, this time a former managing director of The NASDAQ Stock Market.

According to SEC Release 2011-117, May 26, 2011, The SEC alleges that Donald L. Johnson,  a former managing director of The NASDAQ Stock Market of all things, traded in advance of such public announcements as corporate leadership changes, earnings reports and forecasts, and regulatory approvals of new pharmaceutical products. He often placed the illegal trades directly from his work computer through an online brokerage account in his wife’s name. Johnson obtained illicit trading profits of more than $755,000 during a three-year period.

Don’t be an idiot.  With insider trading or any other aspects of the federal securities laws.  Eventually, it will catch up to you.

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