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SEC Drops Insider-Trading Suit Against Executive Trump Pardoned

Bloomberg Markets Friday 07 August 2026, 22:58 UTC By Nicola M White 1 min read
Key Points

SEC Drops Insider-Trading Suit Against Executive Trump Pardoned The US Securities and Exchange Commission said it is dropping an insider-trading lawsuit against a former healthcare executive who was convicted in a related criminal case and then pardoned by President Donald Trump. The regulator filed a motion Friday to dismiss the civil claims against former Ontrak Inc. Chief Executive Officer Terren Peizer, who was convicted in 2024 on insider trading charges by a federal jury in California.

SEC Drops Insider-Trading Suit Against Executive Trump Pardoned The US Securities and Exchange Commission said it is dropping an insider-trading lawsuit against a former healthcare executive who was convicted in a related criminal case and then pardoned by President Donald Trump. The regulator filed a motion Friday to dismiss the civil claims against former Ontrak Inc. Chief Executive Officer Terren Peizer, who was convicted in 2024 on insider trading charges by a federal jury in California. The SEC had accused him in 2023 of using prearranged stock-sale plans to avoid $12 million in losses on his Ontrak holdings before the stock tanked.
SEC (ORG) Trump (PERSON) The US Securities and Exchange Commission (ORG) healthcare (ORG) Donald Trump (PERSON) Ontrak Inc. (ORG) Terren Peizer (PERSON) California (LOCATION) Ontrak (LOCATION)
Originally published by Bloomberg Markets Read original →

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