SEC Kicks Off 'Shadow Trading' Case Against Drug Exec

By Bonnie Eslinger (March 25, 2024, 11:58 PM EDT) -- The U.S. Securities and Exchange Commission said at the start of a California federal "shadow trading" trial that a former Medivation executive made $120,000 by buying stock in a rival after learning his company would be acquired by Pfizer, while the defense said he didn't believe the trades violated securities law....

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