Reported 13 days ago
A former Foot Locker executive, Barry Siegel, has been charged with insider trading after allegedly short-selling the company’s stock ahead of disappointing earnings announcements. Siegel is accused of making approximately $113,000 from these trades, conducted both while employed and after his termination. Following a decline in Foot Locker’s stock prices, he agreed to repay his earnings and face a fine, along with being barred from serving as an officer in public companies.
Source: YAHOO