The Securities and Exchange Commission (SEC) has brought charges against Eamma Safi and Zhi Ge a/k/a Josh Ge for an insider trading scheme.
The SEC complaint was filed with the Massachusetts District Court on March 4, 2025.
The complaint alleges that from in or about 2017 through in or about 2024, Safi and Ge willfully participated in an international insider trading scheme that netted them millions in illicit profits from trading in advance of market-moving announcements. The scheme (the “Tipping Scheme”) involved tips that originated from persons known to Safi or his close associates.
In the Tipping Scheme, Safi directly or indirectly obtained from insiders (including one or more sources at publicly traded companies) material nonpublic information about impending corporate transactions or other confidential information that could move the market, such as earnings announcements.
Safi then tipped Ge as well…
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