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  1. Florida man settles SEC insider trading charges over Apple takeoverRead the original story w/Photo

    Jul 19, 2017 | Reuters

    A Florida man has agreed to pay $278,773 to settle U.S. Securities and Exchange Commission insider trading charges stemming from Apple Inc's ( The SEC said John Stimpson bought AuthenTec call options, a bet that the stock price would rise, after learning nonpublic information in early July 2012 about a merger, including a special AuthenTec board meeting and unusual activity in AuthenTec's human resources department. In an order dated Tuesday, the SEC said Stimpson sold his options within three months after Apple announced a $356 million takeover on July 27, 2012, which caused AuthenTec's share price to rise by roughly two-thirds.

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