Financial News

U.S. SEC charges three Twilio engineers with insider trading

Reuters
Reuters
FILE PHOTO: The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, D.C.

(Reuters) – The U.S. Securities and Exchange Commission said on Monday it charged seven California residents for allegedly generating more than $1 million in profits via insider trading ahead of Twilio Inc’s first-quarter 2020 earnings announcement.

The seven people charged include three software engineers employed at San Francisco-based Twilio, the SEC said in a statement.

(Reporting by Ismail Shakil in Bengaluru; Editing by Leslie Adler)

tagreuters.com2022binary_LYNXNPEI2R11D-BASEIMAGE

You appear to be using an ad blocker

Shore News Network is a free website that does not use paywalls or charge for access to original, breaking news content. In order to provide this free service, we rely on advertisements. Please support our journalism by disabling your ad blocker for this website.