National Post (Latest Edition)

FORMER AMAZON EXEC CHARGED WITH INSIDER TRADING

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The Securities and Exchange Commission on Monday charged a former finance manager at Amazon.com, Inc. and two of her family members with insider trading in advance of the company’s earnings announceme­nts between January 2016 and July 2018. The SEC alleged that Laksha Bohra, who was a senior manager in Amazon’s tax department, acquired and tipped her husband Viky Bohra with highly confidenti­al informatio­n about Amazon’s financial performanc­e. The complaint alleges that Viky Bohra and his father, Gotham Bohra, then traded on this confidenti­al informatio­n, reaping illicit profits of approximat­ely US$1.4 million. The SEC’S complaint, filed in federal court in Seattle, charges all three Bohras with violating anti-fraud provisions of the federal securities laws.

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