Yahoo Finance | EN590 Commodities
EN590 Commodities GroupEnergy Markets 2026-08-08T02:10:49+00:00
WASHINGTON, Aug 7 (Reuters) - The U.S. Securities and Exchange Commission said on Friday it was moving to dismiss an insider trading lawsuit against Terren Peizer, a former healthcare executive who was convicted of insider trading by a federal jury in 2024 and then pardoned by President Donald Trump. • In 2023, Peizer, 65, the founder and former chief executive of healthcare company Ontrak, was charged by the Department of Justice with insider trading. • The SEC also launched civil insider trading charges against him in a parallel action. • At the time, authorities called the charges groundbreaking. It was the first criminal case involving the use of a pre-arranged stock-selling program designed to help shield executives from such charges. • Peizer sold more than $20 million of Ontra
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