The SEC apparently caught some NVIDIA employees in the act of insider trading. Here's the scoop:
The employees -- nine engineers and a human resources worker -- as well as a financial analyst and four friends and relatives began buying shares March 6, the SEC charged.Some of the employees have already cut deals with the SEC, so this isn't just an accusation or two flying around. Anyhow, I pretty much wrote this story for the headline.
The stock more than doubled in price in the trading that followed, soaring to $118, the SEC said. Microsoft said in a news release March 10 that it had selected nVidia to design and manufacture the graphics chips for its game console.
"It is unusual to find so many employees of a single company engaged in insider trading," said Helane Morrison, chief of the SEC's San Francisco district office.
|Silverstone's Strider Titanium PSUs are ready for a high-power future||8|
|VR180 video bridges the gap between YouTube and VR||0|
|Steam 2017 Summer Sale, part deux||13|
|Deals of the week: Z270 mobos, spinning storage, and more||3|
|G.Skill readies up for X299 with quad-channel DDR4 at 4200 MT/s||15|
|Asus' VivoBook S510 is an ultrabook for the budget crowd||14|
|Windows Insider Build 16226 gives users a look at GPU utilization||22|
|Steam's 2017 Summer Sale is downright hot||46|
|Asus XG-C100C NIC breaks the gigabit barrier||34|