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Home » Avoiding losses results in insider trading settlement
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Avoiding losses results in insider trading settlement

Oct. 17, 2024
By Mari Serebrov
Insider trading isn’t always about profits. Sometimes it’s avoiding losses. That’s the basis of the U.S. SEC’s complaint against Matthew Groom, an information technology consultant to Spero Therapeutics Inc. Groom agreed Sept. 15 to a $28,000 settlement to resolve the complaint stemming from a trade of Spero shares that enabled him to avoid $13,000 in losses when news of the company’s downsizing and issues with its lead product became public two years ago.
BioWorld Regulatory Infection Antibiotic U.S. SEC

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