FIRST-EVER INSIDER TRADING SENTENCE BASED ON RULE 10B5-1 TRADING SCHEME
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FIRST-EVER INSIDER TRADING SENTENCE BASED ON RULE 10B5-1 TRADING SCHEME
By Carol A. Gasser Moore | FLORIDA / Georgia – In a precedent-setting federal case, the former CEO and chairman of Ontrak Inc. was sentenced Monday to 42 months in prison for insider trading — marking the first time a conviction has been secured solely on the misuse of Rule 10b5-1 stock trading plans. Terren Scott Peizer, 65, of Puerto Rico and Santa Monica, was sentenced by U.S. District Judge Dale S. Fischer in California for selling company s…
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