Former SAC Trader Settles Insider Trading Case With SEC

Mark Melin

Published onMarch 13, 2014

Updated on May 13, 2021

The Securities and Exchange Commission today charged Ronald N. Dennis, a former analyst at SAC Capital Advisors, with insider trading based on nonpublic information that he obtained about a pair of technology companies.

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SAC’s Dennis settles insider trading charges

The SEC claims Dennis, of Forth Worth, Texas, was provided confidential details about impending announcements at Dell Inc. (NASDAQ:DELL) and Foundry Networks from two fellow hedge fund analysts and then traded on this information in front of at least two quarterly earnings announcements in 2008 and 2009. "Dennis prompted illegal trades in Dell and Foundry stock...

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Mark Melin

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.

Former SAC Trader Settles Insider Trading Case With SEC

SAC’s Dennis settles insider trading charges

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