SEC Charges Two with Insider Trading on Pershing Square’s Announcement on Herbalife

Washington D.C.—(ENEWSPF)—October 1, 2014. The Securities and Exchange Commission yesterday announced charges against two individuals for insider trading on a prominent hedge fund manager’s announcement that his hedge fund had formed a negative view of Herbalife Ltd. and taken a $1 billion short position in its securities. 

The SEC’s orders find that Filip Szymik of New York City and Jordan Peixoto of Toronto engaged in insider trading in Herbalife securities in advance of hedge fund…