Securities,
Government
Mar. 3, 2023
US says health firm chair sold stock after customer complained
“We allege that Mr. Peizer, armed with inside knowledge, avoided millions in losses that ordinary investors suffered,” Gurbir S. Grewal, director of the SEC’s Division of Enforcement, said in a news release.
The Securities and Exchange Commission announced an insider trading lawsuit against the executive chair of a Nevada tech-focused health care firm, estimating that he used foreknowledge of an impending shake-up within the company to avoid $12.7 million in losses.
Terren S. Peizer, executive chair of Ontrak Inc., accused of misusing his knowledge of a major customer’s unhappiness, will also face criminal charges filed concurrently by the De...
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