SEC Charges Ken Peterman, Former Comtech CEO, with Insider Trading in Advance of Negative Earnings Announcement
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The SEC has charged Ken Peterman, former CEO of Comtech Telecommunications Corp., with insider trading. Peterman allegedly sold Comtech shares based on non-public information about upcoming negative earnings.
December 11, 2024 | 9:45 pm
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Comtech Telecommunications Corp. is involved in an insider trading case as its former CEO, Ken Peterman, is charged by the SEC for selling shares before a negative earnings announcement.
The insider trading charges against the former CEO could lead to negative sentiment and increased volatility for Comtech's stock. The charges are related to the sale of shares before a negative earnings announcement, which may raise concerns about corporate governance and transparency.
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