Aggregated News From Investment Management Regulators

Amir Waldman, et al. (Release No. LR-24799; Apr. 17, 2020)


Please complete the required fields.

On April 17, 2020, the Honorable Richard Berman of the United States District Court for the Southern District of New York entered a final judgment on consent against Amir Waldman in an insider trading case.

The SEC’s amended complaint, filed on November 29, 2017, alleged that Waldman, of Israel, made highly suspicious and profitable trades in the securities of Mobileye, N.V., a software and technology developer of an autonomous driving system. According to the SEC’s complaint, the Mobileye founders provided nonpublic information about a tender offer by Intel Corporation to James Shaoul, a close friend of Waldman, who in turn provided the information to Waldman. The amended complaint alleges that Waldman profited by more than $4.5 million by trading on the information in advance of the tender offer.

The final judgment against Waldman enjoins him from violating the antifraud provisions of Section 14(e) of the Securities Exchange Act of 1934 and Rule 14e-3 thereunder, and orders Waldman to pay disgorgement in the amount of $1,078,300, prejudgment interest in the amount of $40,889, and a civil penalty in the amount of $1,078,300.

The court previously entered final judgments against four other defendants, including Shaoul, in this case. For more information on this matter, please see Litigation Release Nos. LR-24698 (Dec. 23, 2019); LR-23789 (March 24, 2017); LR-23801 (April 6, 2017); and LR-23935 (Sept. 13, 2017). With the entry of the judgment against Waldman, the SEC’s litigation has concluded.

The SEC’s investigation was conducted by Kevin M. Comeau and supervised by Jay A. Scoggins of the Denver Regional Office. The SEC’s litigation has been led by Terry R. Miller and, Stephen C. McKenna, and supervised by Gregory Kasper.

Regulator Information

Abbreviation: SEC
Jurisdiction: United States

Recent Articles

SEC Awards $20 Million to Whistleblower

Washington D.C., Nov.

Update on the Lending, Credit and Finance (Bailiwick of Guernsey) Law, 2022 — GFSC

In July 2022, the Lending, Credit and Finance (Bailiwick of Guernsey) Law, 2022 (the “Law”) was approved by the States of Guernsey, the States of Alderney and the Chief Pleas of Sark.

UK and Singapore deepen collaboration in FinTech and strengthen financial cooperation

The United Kingdom (UK) and Singapore held the 7th UK-Singapore Financial Dialogue in Singapore today. Both countries renewed their commitment to deepening the UK-Singapore...

Consultation on ‘six directorship’ exemption for directors — GFSC

The Policy & Resources Committee has today published a Consultation Paper seeking views on a proposed change to the requirements which affect some individuals acting as company directors, by way of b

The AMF is supplementing its policy on liquidity management tools

New disclosure obligations This update provides for new obligations if the regulatory documentation of the CIU does not include a mechanism to cap redemption requests (gates) and/or a mechanism to of

Get the latest from Regulatory.News in your inbox!