The U.S. Securities and Exchange Commission has charged a former SeaWorld lawyer with fraud for alleged insider trading.
In a complaint filed in Orlando, Florida, on Tuesday, the agency alleged that former SeaWorld Parks & Entertainment Inc. associate general counsel Paul Powers used confidential information that the company was set to exceed analysts’ financial performance expectations for its second quarter in 2018 to make approximately $65,000 in alleged “illicit profits.” The U.S. Department of Justice announced parallel criminal charges against Powers on Tuesday.
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