She allegedly disregarded all quarterly reminders prohibiting her from revealing the highly confidential information. The reminders warned an “insider” or employee against the purchase or sale of Amazon securities.
San Francisco Regional Office Director Erin Schneider said, “We allege that the Bohras repeatedly and systematically used Amazon’s confidential information for their gain.”
“Employees with access to confidential, potentially market-moving corporate information may not use that information to enrich themselves, their friends, or their families,” she added.
Laksha Bohra and her family agreed to the entry of final judgments prohibiting them from any further violations of the federal securities laws.
They also agreed to the SEC order requiring them to pay $2.6 million including total disgorgement of $1,428,094, total prejudgment interest of $118,406, and total penalties of $1,106,399.
In August, the SEC charged a top corporate attorney at Apple Inc (NASDAQ: AAPL) Gene Levoff with insider trading.
