قالب وردپرس درنا توس
Home / Insurance / Former Domino’s auditor has to pay $ 1.9 million for insider trading

Former Domino’s auditor has to pay $ 1.9 million for insider trading



A former auditor at Domino’s Pizza Inc. has agreed to pay a $ 1.9 million penalty for insider trading in the company’s shares, the US Securities and Exchange Commission said on Thursday.

Bernard L. Compton worked for the Ann Arbor, Michigan-based pizza chain from 2005 to 2021, according to the SEC’s complaint in the case.

The complaint claimed that Mr. Compton used confidential financial information obtained through his work at Domino’s corporate office to trade before 12 of the company’s earnings announcements between 2015 and 2020.

The SEC also claimed that he spread these deals across seven different brokerage accounts belonging to himself and various members of his family, leading to illegal profits of more than $ 960,000.

He was accused of violating the Securities and Exchange Act of 1

934 and an SEC regulation.

Compton agreed to a court decision, issued on Tuesday, urging him to pay the $ 1.9 million civil penalty without acknowledging or denying the allegations, the SEC said.

He also agreed to be barred from performing and practicing before the SEC as an auditor.


Source link