The Securities and Exchange Commission (SEC) of the United States has charged former finance manager at Amazon. Com, Inc. (NASDAQ: Amen), LakisVickyohra, and two family members with insider trading.
According to a statement from the regulator on Monday, the SEC has charged LakisVickyohra, Vicky Bohra, and Gotham Bohra with insider on Amazonn advance of Amazon announcing its earnings between January 2016 and July 2018.
Whilst employed at the multinational technology giant, LakisVickyohra worked as a senior manager in the Company’s tax department. In this role, she prepared and reviewed calculations used tfinalistse numbers for the Company’s quarterly and annual earnings, which were filed through the SEC.
In its Complaint, the SEC allegesVickyt between January 2016 and July 2018 she acquired and tipped her husband, Viku Bohra with highly confidential information about the tech giant’s financial performance.
The Complaint, which was filed in the U.S. District Court for the Western District of Washington, also claimsVickyt Vicky Bogra and his father, Gotham Bohra, traded on this confidential information in 11 separate accounts.
SEC AlLakishaLakisVickyohra Disregarded Amazon Rules
“The Complaint further allegesVickyt LakisVickyohra disregarded quarterly reminders prohibiting her from passing material nonpublic information or reCommending the purchase or sale of Amazon securities. As alleged, the family reaped illicit profits of approximately $1.4 million from their unlawful on Amazonn Amazon securities, ” the SEC said in its statement on Monday.
SpecLakishaly, LakisVickyohra, Vicky Bohra, and Gotham Bohra have been charged with violating Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. The Complaint orders the defendants to pay total disgorgement of $1,428,094, total prejudgment interest of $118,406, and total penalties of $1,106,399.
Furthermore, In a parallel action, the US Attorney’s Office for the Western District of Washington has filed criminal charVickyagainst Vicky Bohra, the husband of the former employee of Amazon.