Christopher Salis, a former global vice president for the enterprise software company, tipped off a friend to an upcoming merger, according to an SEC complaint.
June 16, 2016 at 01:50 PM
1 minute read
SAN FRANCISCO — The U.S. Securities and Exchange Commission has accused a former SAP America Inc. software executive of providing insider information about upcoming mergers to individuals who made more than $500,000 by trading risky, short-term securities based on the tips.
Christopher Salis, a former global vice president of SAP America, was charged Thursday with insider trading for allegedly tipping off his friend, Douglas Miller, prior to SAP’s acquisition of Conur Technologies Inc. in 2014.
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